Alamos Gold Inc. reported unaudited consolidated earnings results for the third quarter and year to date ended September 30, 2009. For the quarter, the company reported earnings were $14,115,000 or $0.13 per basic and diluted share against earnings were $8,346,000 or $0.09 per basic and diluted share for the same period a year ago. Earnings before income taxes were $19,389,000 compared to $11,546,000 for the same period a year ago. Cash provided by operating activities of $22,711,000 compared to $19,311,000 for the same period a year ago. For the year to date, the company reported earnings were $35,881,000 or $0.34 per basic share and $0.33 per diluted share against earnings were $20,241,000 or $0.21 per basic and diluted share for the same period a year ago. Earnings before income taxes were $49,777,000 compared to $30,341,000 for the same period a year ago. Cash provided by operating activities of $60,828,000 compared to $49,309,000 for the same period a year ago. The company's full year exploration spending is expected to achieve the 2009 budget of $10,000,000.

Alamos Gold Inc. reported production results for the third quarter ended September 30, 2009. For the quarter, gold production at the company's Mulatos Mine continues to exceed budgeted levels, with 130,500 ounces of gold produced to the end of the third quarter at an expected total cash cost of less than $335 (including a 5% royalty). The Company also continues to encounter substantially less waste in the pit than predicted by the block model, as evidenced by a low waste-to-ore ratio of 0.65 during the quarter (1.04 on a year-to-date basis as at September 30, 2009). The company's 2009 exploration program continues at a record pace with 16,700 metres of drilling in 71 holes completed during the quarter. Total drilling completed to the end of the third quarter was 55,165 m in 279 holes. Drilling during the quarter focused on definition drilling at gap and expanding the areas of known mineralization at the Puerto del Aire Extension. All assays from the first quarter 2009 PdA infill program have been received. Drill intercepts at PdA typically contain 1 to 2 g/t Au over thicknesses of 50 m to 100 m. Drilling continues to encounter intervals of high-grade mineralization which confirms the robustness of the zone. The results from widely spaced drill holes suggest that the zone remains open in all directions and appears to have a minimum drill-indicated strike length of 750 m, a width of at least 200 m, and ranges in thickness from 25 to 125 m. In the areas where drilling has been completed, mineralization typically begins about 175 to 200 m below surface and generally grades in the 1 to 3 g/t Au range, with localized zones of high-grade material. Relevant assay results and drill hole collar data from the PdA and PdA Extension are presented in tables 5 and 6, respectively. At Cerro Pelon, Alamos has received the all remaining assay results from the 25 m-centre definition drilling that was completed during the second quarter. Drilling has delineated a continuous oxidized zone of gold-bearing vuggy silica that is approximately 250 m long, 30 to 80 m in width, and 70 to 150 m thick at an average grade between 2 and 3 g/t Au.

Alamos Gold Inc., Q3 2009 Earnings Call, Nov-05 2009