Alamos gold announces repurchase of 3% nsr royalty on island gold mine and corresponding reduction in 2020 cost guidance

Alamos gold announces repurchase of 3% nsr royalty on island gold mine and corresponding reduction in 2020 cost guidance.alamos gold - entered into agreement to acquire and cancel a 3% nsr royalty payable on production from island gold mine for c$75 million.alamos gold inc - $40 per ounce, or 7%, decrease in island gold's 2020 total cash cost guidance to between $480 and $520 per ounce.alamos gold inc - $40 per ounce decrease in mine-site all-in sustaining cost guidance to between $740 and $780 per ounce.alamos gold inc - reduction in effective nsr royalty rate on island gold's mineral reserves to 2.2% from approximately 4.4%.
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