Alamos trading in negative territory as Young-Davidson output disappoints

The NYSE-listed stock of Canadian gold miner Alamos Gold on Wednesday fell nearly 6% after the company announced disappointing results for the second-quarter ended June 30. The Toronto-based intermediate miner, which operates the Young-Davidson mine, in northern Ontario, and the Mulatos and El Chanate mines, in Sonora state, Mexico, reported a net loss for the three months ended June 30, of $11.8-million, or $0.04 a share, reflecting higher noncash share-based compensation expenses of $5.9-million, or $0.02 a share, and an unrealised foreign exchange loss of $3.3-million, or $0.01 a share.