UPDATE 1-Alamos Q3 profit up; sees production rise in Q4

* Q3 EPS $0.17 vs EPS $0.13 last yr

* Sees Q4 output rise on more capacity at recovery plant

* Maintains FY gold production outlook

Nov 4 (BestGrowthStock) – Alamos Gold Inc’s (AGI.TO: ) quarterly
profit rose 38 percent, helped by a one-time gain, and the
Mexico-focused miner forecast increased production for the
fourth quarter.

While third-quarter production at its flagship Mulatos mine
fell 29 percent, the Canadian miner expects gold production to
rise significantly in the current quarter, partly due to more
capacity at its gold recovery plant.

It maintained its full-year production outlook of
160,000-175,000 ounces.

However, the company raised its full-year cash operating
cost outlook to $300 per ounce from $288 per ounce as a result
of higher input costs and a stronger Mexican peso.

For July-September, Alamos earned $19.5 million, or 17
cents a share, compared with $14.1 million, or 13 cents a
share, a year ago.

Alamos posted a one-time gain of $12.5 million related to a
settlement agreement with Primero Mining Corp (P.TO: ) over the
ownership of the San Dimas mines in Mexico.

Revenue fell 17 percent to $34.3 million.

Analysts on average expected the company to earn 10 cents a
share on revenue of $39.3 million, according to Thomson Reuters
I/B/E/S.

Alamos shares, which have shed about 4 percent in value
since the company reported lower production earlier in October,
closed at C$16.11 on Wednesday on the Toronto Stock Exchange.
(Reporting by Gowri Jayakumar in Bangalore; Editing by Anne
Pallivathuckal)

UPDATE 1-Alamos Q3 profit up; sees production rise in Q4