Alamos Gold Q1 Profit Decreases - Quick Facts

(RTTNews) - Alamos Gold Inc. (AGI.TO, AGI) reported that its first-quarter net income decreased to $2.75 million from $25.99 million, previous year. Earnings per share was $0.02, compared to $0.20.

On average, eight analysts polled by Thomson Reuters expected the company to report profit per share of $0.01 for the quarter. Analysts' estimates tpically exclude special items.

Operating revenues decreased to $41.51 million from $86.27 million.

Gold production of 37,000 ounces in the first quarter of 2014 decreased 33% compared to 55,000 ounces in 2013. Lower gold production in the first quarter of 2014 relative to the first quarter of 2013 was attributable to lower grades, throughput and recoveries, the company said.

The Company continues to anticipate full year production of 150,000 to 170,000 ounces of gold, with the majority of gold production to be in the second half of 2014.