Alamos Gold Q4 Loss Narrows; Sees Higher Production In 2015 - Quick Facts

(RTTNews) - Alamos Gold Inc. (AGI, AGI.TO) reported fourth-quarter net loss of $3.37 million or $0.03 per share, narrower than net loss of $5.27 million or $0.04 per share in the year-ago period.

The loss for the latest quarter was driven by a $2.7 million non-cash charge related to available-for-sale securities, and a $2.7 million unrealized foreign exchange loss.

On average, ten analysts polled by Thomson Reuters expected the company to report loss of $0.03 per share for the quarter. Analysts' estimates typically exclude special items.

Operating revenues for the quarter declined to $46.06 million from $53.83 million in the year-ago period. Analysts had a consensus revenue estimate of $46.06 million.

During the quarter, the company sold 38,400 ounces of gold at an average realized gold price of $1,200 per ounce.

Looking ahead to fiscal 2015, Alamos Gold expects to produce between 150,000 and 170,000 ounces of gold at cash operating costs of about $800 per ounce of gold sold, excluding royalties. This compares to the company's production of 140,500 ounces of gold in 2014 at total cash costs of $703 per ounce.

The company said it expects higher production in 2015 relative to 2014, primarily reflecting a full year of high grade mill production from the San Carlos underground deposit.