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Monday, September 20, 2010

Alamos (TSE:AGI) Increases Semi-annual Dividend

Alamos Gold (TSE:AGI) increased its semi-annual dividend again, bumping it up by 17 percent.

In April the company declared a dividend of 3 cents a share, and it was increased to 3.5 cents a share now.

CFO John Morda said in a statement, "This dividend increase reflects our balance sheet strength, increased realised gold sale prices, and our continued ability to generate strong cash flows from operations.”

Gold production for Alamos comes from its Mulatos mine, in Mexico. They also acquired Agi Dagi and Kirazli, both located in Turkey earlier in the year from Teck Resources (NYSE:TCK) and Fronteer Development Group (AMEX:FRG).

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