Alamos Gold shares drop on Young-Davidson output cut
Alamos Gold Inc. shares dropped in Toronto on Friday. The company said seismic events and power losses at the Young-Davidson mine will leave second-quarter output short of plan and increase costs. The stock dropped 18.0% to C$42.13 at 12:51 p.m. EDT after hitting a low of C$41.12. Shares lagged other gold miners, with Barrick Mining down 1.8%, OceanaGold losing 2.9%, and IAMGOLD off 2.3%, Google Finance data showed.