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