Loading ...Alamos Gold 2021 Production Rises, Hitting Targets — Commodity Comment
6:47 am ET January 18, 2022 (Dow Jones) Print
By Adriano Marchese
Canadian gold producer Alamos Gold Inc. said it increased its gold production in 2021 over the prior year, meeting its guidance for the year. The company said it expects its pace of production growth to slow and costs to rise significantly in the first half of 2022 before falling in 2023.
On production:
“Full-year sales totaled 457,517 ounces of gold at an average realized price of $1,800 per ounce for record revenues of $824 million,” the company said.
“Met 2021 annual production guidance: Production of 457,200 ounces of gold in 2021 was in line with revised production guidance and represented a 7% increase from 2020.”