Alamos Gold Inc
Alamos Gold Declares Quarterly Dividend
TORONTO, Nov. 24, 2020 (GLOBE NEWSWIRE) -- 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$0.02 per common share.
Quarterly Dividend Increased 33%
As announced in October 2020, the Company has increased its quarterly dividend by 33% to an annual rate of US$0.08 per common share. The increase reflects the Company’s strong free cash flow outlook following the completion of the lower mine expansion at Young-Davidson in July 2020. The Company has paid dividends for 11 consecutive years during which time $187 million has been returned to shareholders through dividends and share buybacks.
The dividend is payable on December 21, 2020 to shareholders of record as of the close of business on December 7, 2020. This dividend qualifies as an “eligible dividend” for Canadian income tax purposes.
Dividend Reinvestment Plan and Suspension of Optional Cash Purchases
The Company has implemented a dividend reinvestment and share purchase 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 3% 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 December 21, 2020 dividend, enrollment must be completed by 4:00 pm EST on the fifth business day prior to the December 7, 2020 dividend record date.
The Company hereby notifies shareholders, in accordance with Section 9.4 of the DRIP, that Optional Cash Purchases (as defined in the DRIP) with this, and any future declaration of dividends are suspended immediately until further notice. Any written requests to make Optional Cash Purchases will not be processed, and such requests and any previously received funds will be returned to the participant by the Plan Agent (as defined in the DRIP). Accordingly, the Combined Pre-Authorized Debit Agreement/Option Cash Purchase Voucher sent to participants with their respective statements will no longer be accepted and enrollment for the pre-authorized debit service will no longer be available until further notice.
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
Source: https://www.alamosgold.com/news-and-events/default.aspx#news--widget
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Development Boomtruck Operator
- Safely move material as directed. Report and document all material moved accurately to his/her Supervisor;
- Accurately report to supervisor the material needed in storage areas U/G
Rock Breaker Operator
- Operate rock-breaker;
- Perform pre-op and post-op inspections on equipment
Scissordeck Bolter
- Install ground support as per company standard;
- Install and maintain services;
- Load development rounds
Ground Control Engineer
- QAQC of shotcrete, ground support installation, grouting, ground support auditing and paste fill;
- Document inspections of underground stoping and development;
- Rock mass characterisation and classification
Mine Engineer
- Assist with blast improvement investigations;
- Look for opportunities to improve efficiencies;
- Provide guidance to EIT’s
Construction Miner - Transmixer
- Operate equipment such as transmixer and shotcrete sprayer;
- Assist in installation, modification and repairs of UG infrastructures
Geological Technician/or Junior Geologist
- 3D digitizing of underground geological mapping and integration into 3D mining software.
- Digitize geological surface geological mapping lithology, structure and mineralization
- Digitize chip sampling of ore development headings as required
Mill Operator/Labourer
- Works and ensure all workers work in compliance with the Occupational Health & Safety Act, Regulations for Mines and Mining Plants and all other applicable government standards and regulations;
- Adheres to and enforces all safety and environmental considerations
Document Control Coordinator - Phase III
- Implement document and data management solutions with a primary focus on workflow, document control, information security and records management.
- Provide ongoing training and support to end users in the use of the document management system.
- Ensure project and operations teams comply with the document management requirements and procedures
Project Controls Manager - Phase III
- Development and implementation of project controls systems and procedures.
- Working with accounting personnel to ensure accurate reporting and approval of accruals, forecasts, and project status.
- Early identification and notification of deviations and variances to project baseline schedule and spend