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Wednesday, August 17, 2022

Alamos Gold reports 2Q loss

TORONTO (AP) _ Alamos Gold Inc. (AGI) on Wednesday reported a second-quarter loss of $ 14.2 million, after reporting a profit in the same period a year earlier.

The Toronto-based company said it had a loss of 11 cents per share. Losses, adjusted for non-recurring costs, came to 6 cents per share.

The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 2 cents per share.

The gold mining company posted revenue of $ 44 million in the period.

The company’s shares closed at $ 3.47. A year ago, they were trading at $ 9.69.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AGI at http://www.zacks.com/ap/AGI

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Keywords: Alamos Gold, Earnings Report

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