TORONTO (AP) _ Alamos Gold Inc. (AGI) on Wednesday reported a first-quarter loss of $12.3 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Toronto-based company said it had a loss of 3 cents. Earnings, adjusted for non-recurring costs, came to 8 cents per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 5 cents per share.
The gold mining company posted revenue of $176.9 million in the period.
Alamos Gold shares have risen 34% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $8.04, an increase of 74% in the last 12 months.