Alamos Gold Announces Dividend Amidst Strong Performance
Alamos Gold Declares Quarterly Dividend
All amounts are in United States dollars, unless otherwise stated.
Company Overview
Alamos Gold Inc. (TSX: AGI; NYSE: AGI) recently made an important announcement. The Company’s Board of Directors declared a quarterly dividend of US$0.025 per common share. Alamos has a commendable history, having paid dividends for 15 consecutive years, highlighting its commitment to shareholder return, which included distributing $41 million in 2024.
Dividend Details
This dividend is set to be payable on March 27, 2025, to shareholders whose names appear on the Company’s records as of the end of business on March 13, 2025. It’s important to note that this dividend qualifies as an "eligible dividend" for Canadian income tax purposes.
Dividend Reinvestment Plan (DRIP)
Among the notable features of Alamos Gold is its Dividend Reinvestment Plan (DRIP). This initiative offers shareholders a fantastic opportunity to reinvest their dividends into additional shares instead of receiving cash. This plan allows investors to acquire shares at a 1% discount off the prevailing market price, effectively increasing their stake in the Company without incurring transaction costs.
Enrollment Process
Enrolling in the DRIP is entirely optional. To be eligible for the March 27, 2025 dividend, shareholders must complete the enrollment process by 4:00 pm ET on the fifth business day prior to the dividend record date on March 13, 2025. Detailed information regarding the enrollment forms and process can be found on the Company’s official website.
Alamos Gold Operations
Alamos Gold operates as a Canadian-based intermediate gold producer, demonstrating significant growth with diversified production from three key operations in North America. The principal sites include the Island Gold District and Young-Davidson mine located in Ontario, Canada, and the Mulatos District in Mexico. Additionally, the Company is progressing on several growth projects, such as the Phase 3+ Expansion at Island Gold and the Lynn Lake project in Manitoba.
Commitment to Sustainability
With more than 2,400 personnel, Alamos Gold prides itself on its commitment to sustainable development, ensuring that operations prioritize environmental and social governance. The Company’s dedication to responsible resource development is a fundamental aspect of its operational philosophy.
Contact Information
For those seeking further clarification or more information, the Company has the following contacts:
Scott K. Parsons
Senior Vice President, Corporate Development & Investor Relations
(416) 368-9932 x 5439
Khalid Elhaj
Vice President, Business Development & Investor Relations
(416) 368-9932 x 5427
Email inquiries can be directed to ir@alamosgold.com.
Frequently Asked Questions
What is the amount of the declared dividend by Alamos Gold?
The declared dividend is US$0.025 per common share.
When will the dividend be paid to shareholders?
The dividend is scheduled to be paid on March 27, 2025.
What is the purpose of the Dividend Reinvestment Plan (DRIP)?
The DRIP allows shareholders to reinvest their dividends into additional shares at a discounted rate, enhancing their investment in the Company.
How long has Alamos Gold been paying dividends?
Alamos Gold has been paying dividends for 15 consecutive years.
Where can I find more information about Alamos Gold?
Additional information can be found on their official website or by contacting their investor relations team directly.
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