(Adds National Bank of Canada comment and updates shares.)
Alamos Gold (AGI.TO, AGI) on Thursday said it appointed James Clark as its Vice President of Canadian Operations and announced other management changes.
Clark has over 20 years of leadership experience and most recently was the Head of Mining, North America, at Barrick Mining (ABX.TO, B), the company said.
As well, Marcelo Martinez is being promoted to Vice President of Mexico Operations and Scott Parsons will serve as Senior Vice President of Exploration. The company also promoted Adrian Paulse to the role of Senior Vice President of Information Technology.
National Bank of Canada maintained its outperform rating and C$87.00 price target on the company and said that the update reflects "team and responsibility enhancements, adding new perspectives" as the company advances organic growth initiatives toward a step change in production before the end of the decade.
Shares of the company were last seen down $0.71 to C$53.52 on the Toronto Stock Exchange.
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Price: $53.52, Change: $-0.71, Percent Change: -1.31%