Mining Weekly reported that Alamos Gold (TSX:AGI) reported that a tax gain and higher gold prices helped the company to a 65% boost in Q1 profit.
As quoted in the market news:
Net income rose to $29.5-million, or 24c per share, from $17.9-million, or 15c a share, a year ago. Revenue for the company, which owns and operates the Mulatos mine in Mexico, rose 29% to $70.3-million.
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