Alamos Gold

Alamos Gold (TSE:AGI), IAMGOLD (NYSE:IAG), Fronteer Gold (AMEX:FRG) Shares Skyrocket on Record Gold Prices

Alamos Gold (TSE:AGI), IAMGOLD (NYSE:IAG), Fronteer Gold (AMEX:FRG) moved up strongly in share price as the gold prices soared to record levels in response to the new round of inflating the money supply, or quantitative easing, as the Fed likes to call it now. Spot gold prices soared to over $1,390 as the trading session approached its closing moments, up by $42.50. The gold miners, and other

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Alamos (TSE:AGI) Increases Semi-annual Dividend

Alamos Gold (TSE:AGI) increased its semi-annual dividend again, bumping it up by 17 percent. In April the company declared a dividend of 3 cents a share, and it was increased to 3.5 cents a share now. CFO John Morda said in a statement, “This dividend increase reflects our balance sheet strength, increased realised gold sale prices, and our continued ability to generate strong cash flows from

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Alamos Gold (TSE:AGI) Earnings Down on Lower Production

Alamos Gold (TSE:AGI) earnings dropped about 7 percent on lower production in the quarter, missing analysts’ estimates. Earnings in the second quarter reached $12.1 million, or 10 cents a share, down from $13 million, or 12 cents a share last year in the same quarter. Analysts had expected on average for Alamos to earn 12 cents a share, excluding one-time charges. As expected, revenue

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Alamos Gold (TSE:AGI), Agnico Eagle (TSE:AEM) Fall with Gold Price Drop

Gold miners are probably all glad the brutal gold correction of last week seems to have taken a breather, as gold prices, along with the price of gold mining shared plunged, and gold miners like Alamos Gold (TSE:AGI) and Agnico Eagle Mines NYSE:AEM)(TSE:AEM) participated strongly in that drop in share price, along with most of their colleagues.Alamos Gold ended their week on the upswing, gaining

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Fronteer Gold (TSE:FRG) Profits Up on Gold Project Sales

Fronteer Gold (TSE:FRG) reported a profit for the first quarter, largely on the back of selling two of their gold projects based in Turkey to Alamos Gold Inc (TSE:AGI). Earnings came in at C$9.8 million, or 8 Canadian cents a share for the quarter as a result, beating analysts’ expectations, who had been looking for a loss of 1 cent. Last year in the same quarter the company posted a loss of C

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Alamos Gold (TSE:AGI) Earnings Up 59 Percent

Alamos Gold (TSE:AGI) reported earnings for the first quarter increased 59 percent to $14 million, up from $8.8 million last year in the same quarter. Overall revenue rose to $46.7 million, a gain of 31 percent. Production at their Mulatos gold mine in Mexico generate 41,600 ounces, lower than last year because of the installation of a closed-circuit crushing system which caused the mine to be

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Alamos Gold Q1 operating results

Filed in Alamos Gold, Gold, Gold Holdings, Mulatos Mine by on April 15, 2010 0 Comments

April 15 – Alamos Gold Inc: * Reports first quarter 2010 operating results * Says quarterly production is in-line with its 2010 annual production forecast of 160,000 to 175,000 ounces * Says mulatos mine produced 41,600 ounces at an expected to Alamos Gold Q1 operating results

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Golden Star Resources (AMEX:GSS) and Dividends

Golden Star Resources A growing number of gold and silver mining companies have started to offer dividends to their shareholders as precious metal producers continue to grow strong profits. Golden Star Resources (AMEX:GSS) is rumored among those companies which may be one of the next mining companies to offer a dividend to their shareholders. Others already offering dividends include Harmony

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The Definitive Guide to 2010 Gold Stocks

The Definitive Guide to 2010 Gold Stocks

There’s no doubt about it… Everything points to higher gold prices this year: Weakness in the U.S. dollar: The value of the dollar has fallen 35% since 2002 and 9% in the past 12 months. Meanwhile, the national debt is approaching $12.5 trillion and the 2010 budget deficit is projected to hit a new record: $1.56 trillion. Economic uncertainty: Investment markets worldwide continue to be on shaky ground. Gold is considered the most respected store of value. It is the ultimate safe haven and the least risky of all investments. Supply constraints: World gold production has fallen every year since 2001. Meanwhile, central banks have now become net buyers of gold after over 30 years of selling. Growing investment demand: Global investment demand has more than tripled in the past few years and continues to spike higher. Cyclical bull market: Gold prices are in a long-term cyclical bull market that will continue to push prices higher. The price of gold has increased over 150% while the Dow Jones has remained flat in the past five years. Advertisement Largest Gas Find in U.S. History Sparks “Louisiana Land Rush” This is big… real big. In the swampy outskirts of Red River Parish, Louisiana — 271 miles northwest of New Orleans — a group of scientists made the discovery of a lifetime… What they found more than 1,000 feet beneath the surface is the single largest natural gas deposit in U.S. History… and so far, the fourth largest deposit ever found on earth! The four companies at the forefront are already up 51%, 80%, 41% and 66% — since March 2009. And they’re poised to run even more. Isn’t it time you made similar gains? Gold bugs are buying the physical metal in the form of bars, coins, and ETFs. Meanwhile, more speculative investors are tapping into gold stocks where the rewards are much higher. Investors buy gold stocks because they have leverage. That means small changes in the price of gold can greatly affect share prices of gold stocks. For example, over the past 12 months gold has increased 23%. But at the same time, AngloGold Ashanti (NYSE: AU ) has increased 40%; Randgold Resources (NASDAQ: GOLD ) is up 68%; and IAMGOLD (NYSE: IAG ) has returned a 112% gain. Of course, the leverage effect goes both ways. And gold companies with falling production— or forecasts of falling production, like DRDGold (NASDAQ: DROOY ) and Kinross Gold (NYSE: KGC )— have underperformed the underlying metal. While gold has gained 23% in the past year, DRDGold pulled back 21% and Kinross lost about 4%. In 2010, things will be no different. Gold companies with steady and rising production will most likely be this year’s success stories. And those with falling production will be the year’s flops. To get you started investing in gold stocks for 2010, here are… Three Large-Cap Gold Stocks Increasing Production Barrick Gold (NYSE: ABX ) Share Price: ~$36 Market Capitalization: ~$35 billion 2009 Gold Production: 7.2 – 7.6 million ounces 2010 Gold Production Guidance: 7.7 – 8.1 million ounces Change: +7% Barrick Gold is the world’s largest gold producer. The company retains a…

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