Written by 12:56 pm Ontario Views: 0

Alamos Gold: 2Q Earnings Snapshot

TORONTO (AP) _ Alamos Gold Inc. (AGI) on Wednesday reported second-quarter profit of $11.7 million.

On a per-share basis, the Toronto-based company said it had profit of 3 cents.

The results matched Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for earnings of 3 cents per share.

The gold mining company posted revenue of $126.2 million in the period.

Alamos Gold shares have increased 84% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $11.09, a rise of 66% in the last 12 months.

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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 https://www.zacks.com/ap/AGI

The Associated Press

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