Home Business & Finance Alamos Gold Shares Plunge on Output Cut After Earthquake at Mine
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Alamos Gold Shares Plunge on Output Cut After Earthquake at Mine

Alamos Gold Shares Plunge on Output Cut After Earthquake at Mine
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Alamos Gold Shares Plunge on Output Cut After Earthquake at Mine Alamos Gold Inc. shares fell the most since 2020 after the Canadian company cut second-quarter production guidance following earthquakes that damaged a key mine. Shares of Alamos sank as much as 20% on Friday in Toronto, a day after the company trimmed its quarterly gold production forecast to between 130,000 ounces and 135,000 ounces — a 12% decrease from previous guidance based on the midpoint of the range.

Alamos Gold Shares Plunge on Output Cut After Earthquake at Mine Alamos Gold Inc. shares fell the most since 2020 after the Canadian company cut second-quarter production guidance following earthquakes that damaged a key mine. Shares of Alamos sank as much as 20% on Friday in Toronto, a day after the company trimmed its quarterly gold production forecast to between 130,000 ounces and 135,000 ounces — a 12% decrease from previous guidance based on the midpoint of the range. [Image text:] 53 38. RE AGI LISTED NYSE 38.5300 0.05-0.13% AGI Alamos Gold inc. 98,464 VOLUME 39.08 OPEN 39.19 HIGH INC. 38.50 LOW GOLD Virtu Financial Ca ALAMOS 38.81 Markets LLC VWAP MARKET MAKER 419,834,000 SHARES OUTSTANDINGE
Canadian (ORG) Alamos (ORG) Toronto (LOCATION)
Originally published by Bloomberg Markets Read original →