Alamos Gold Declares Quarterly Dividend and Announces Share Repurchases Under Normal Course Issuer Bid
27 Août 2021 - 12:55PM
Alamos Gold Inc. (
TSX:AGI;
NYSE:AGI) (“Alamos” or the “Company”) today announced that
the Company’s Board of Directors has declared a quarterly dividend
of US$0.025 per common share. Additionally, the Company repurchased
600,000 shares at a cost of $4.5 million, or $7.50 per share, under
its Normal Course Issuer Bid (“NCIB”) thus far in August.
Year-to-date the Company has repurchased 800,262 shares for $6.0
million. Including the upcoming dividend, the Company has returned
$35 million to shareholders thus far in 2021 through dividends and
share buybacks. The Company has paid dividends for 12 consecutive
years during which time $223 million has been returned to
shareholders through dividends and share buybacks.
The dividend is payable on September 30, 2021 to shareholders of
record as of the close of business on September 16, 2021. This
dividend qualifies as an “eligible dividend” for Canadian income
tax purposes.
Dividend Reinvestment Plan
The Company has implemented a dividend reinvestment plan
(“DRIP”). This gives shareholders the option of increasing their
investment in Alamos, at a discount to the prevailing market price
and without incurring any transaction costs, by electing to receive
common shares in place of cash dividends. For shareholders that
elect to participate in the DRIP, common shares will be issued from
treasury at a 2% discount to the prevailing market price.
Enrollment in the DRIP is optional. Further information on the
plan, including the forms needed to enroll are available on the
Company’s website at
http://www.alamosgold.com/investors/Dividend-Reinvestment-Plan. In
order to be eligible to participate in the September 30, 2021
dividend, enrollment must be completed by 4:00 pm EST on the fifth
business day prior to the September 16, 2021 dividend record
date.
About Alamos
Alamos is a Canadian-based intermediate gold producer with
diversified production from three operating mines in North America.
This includes the Young-Davidson and Island Gold mines in northern
Ontario, Canada and the Mulatos mine in Sonora State, Mexico.
Additionally, the Company has a significant portfolio of
development stage projects in Canada, Mexico, Turkey, and the
United States. Alamos employs more than 1,700 people and is
committed to the highest standards of sustainable development. The
Company’s shares are traded on the TSX and NYSE under the symbol
“AGI”.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Scott K.
Parsons |
|
Vice President, Investor
Relations |
|
(416) 368-9932 x 5439 |
|
All amounts are in United States dollars, unless otherwise
stated.
The TSX and NYSE have not reviewed and do not accept
responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward Looking
Statements
Certain of the statements made and information
contained herein, other than statements of historical fact and
historical information, is "forward-looking information" within the
meaning of applicable Canadian and U.S. securities laws.
Forward-looking statements are generally, but not always,
identified by the use of forward-looking terminology such as
"will", "may", “potential” or variations of such words that certain
actions, events or results "could” "might" or "will" occur or be
achieved. Forward-looking statements in this press release include
information regarding planned dividend payments. The declaration
and payment of dividends remains at the discretion of the Board of
Directors and will depend on the Company's financial results, cash
requirements, future prospects and other factors deemed relevant by
the Board of Directors. Alamos cautions that forward-looking
statements are necessarily based upon several factors and
assumptions that, while considered reasonable by the Company at the
time of making such statements, are inherently subject to
significant business, economic, legal, political and competitive
uncertainties and contingencies. Known and unknown factors could
cause actual results to differ materially from those projected in
the forward-looking statements. The Company disclaims any intention
or obligation to update or revise any forward-looking statements
whether as a result of new information, future events or otherwise,
except as required by applicable law.
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