Alamos Gold Declares Quarterly Dividend

Rhea-AI Summary

Alamos Gold Inc. (TSX:AGI; NYSE:AGI) has announced a quarterly dividend of US$0.025 per common share, payable on March 30, 2023. This dividend reflects the company's robust history of returning value to shareholders, totaling $294 million over 14 years, including $47 million in 2022. Shareholders of record as of March 16, 2023 will qualify for this dividend. Additionally, Alamos offers a dividend reinvestment plan (DRIP), allowing shareholders to purchase shares at a 3% discount without transaction costs. Enrollment is required by 4:00 PM EST on March 13, 2023.

Positive

• Quarterly dividend of US$0.025 declared, reflecting ongoing commitment to shareholder returns.
• Total of $294 million returned to shareholders in the last 14 years, indicating strong financial health.

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• None.

TORONTO, March 02, 2023 (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$0.025 per common share. The Company has paid dividends for 14 consecutive years during which time $294 million has been returned to shareholders through dividends and share buybacks, including $47 million in 2022.

The dividend is payable on March 30, 2023 to shareholders of record as of the close of business on March 16, 2023. This dividend qualifies as an “eligible dividend” for Canadian income tax purposes.

Dividend Reinvestment Plan

The Company has implemented a dividend reinvestment 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 March 30, 2023 dividend, enrollment must be completed by 4:00 pm EST on the fifth business day prior to the March 16, 2023 dividend record date.

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 strong portfolio of growth projects, including the Phase 3+ Expansion at Island Gold, and the Lynn Lake project in Manitoba, Canada. Alamos employs more than 1,900 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
Senior Vice President, Investor Relations
(416) 368-9932 x 5439

The TSX and NYSE have not reviewed and do not accept responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward Looking Statements

Certain of the statements made and information contained herein, other than statements of historical fact and historical information, is "forward-looking information" within the meaning of applicable Canadian and U.S. securities laws. Forward-looking statements are generally, but not always, identified by the use of forward-looking terminology such as "will", "may", “potential” or variations of such words that certain actions, events or results "could” "might" or "will" occur or be achieved. Forward-looking statements in this press release include information regarding planned dividend payments. The declaration and payment of dividends remains at the discretion of the Board of Directors and will depend on the Company's financial results, cash requirements, future prospects and other factors deemed relevant by the Board of Directors. Alamos cautions that forward-looking statements are necessarily based upon several factors and assumptions that, while considered reasonable by the Company at the time of making such statements, are inherently subject to significant business, economic, legal, political and competitive uncertainties and contingencies. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.

FAQ

What is Alamos Gold Inc.'s dividend amount for March 2023?

The dividend amount for March 2023 is US$0.025 per common share.

When is the dividend payment date for Alamos Gold Inc.?

The dividend payment date is March 30, 2023.

What is the record date for Alamos Gold Inc.'s dividend?

The record date for the dividend is March 16, 2023.

Is there a dividend reinvestment plan available for Alamos Gold Inc.?

Yes, Alamos Gold Inc. offers a dividend reinvestment plan allowing shareholders to reinvest dividends at a 3% discount.

How long has Alamos Gold Inc. been paying dividends?

Alamos Gold Inc. has been paying dividends for 14 consecutive years.