Gold miner Alamos Gold on Tuesday declared a quarterly dividend, announced a dividend reinstatement and share purchase plan (DRIP) and named a new VP for exploration.
The miner, which operates three mines in North America, rewarded shareholders with a quarterly dividend of $0.015 a common share, which it would pay at the end of the month.
Alamos explained that the DRIP would give shareholders the option of increasing their investment in the company, at a discount to the prevailing market price and without incurring any transaction costs, by electing to receive common shares in place of cash dividends.