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Alamos posts solid 2020 results; boosts spending

Alamos Gold has reported a 50% increase in net profit to US$144.2 million for 2020 compared to $96.1 million in 2020 despite a 16% fall in production to 426,800 ounces of gold.

Staff reporter
Alamos Gold's Young-Davidson mine in Canada

Alamos Gold's Young-Davidson mine in Canada

A 28% jump in its average realised gold price to $1,763/oz more than offset a 10% increase in its all-in sustaining cost (AISC) to $1,046/oz. The company ended 2020 with cash and equivalents of $221 million....

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