BUZZ-Alamos Gold Inc: Cuts dividend by 70 pct
** Canadian gold miner's shares up 5 pct at C$8.77 in Toronto; U.S.-listed shares up 5.1 pct at $7.20
** Company cuts semi-annual dividend to 3 cents per share from 10 cents per share
** Says decrease in dividend was affected by a sharp decline in gold prices
** "The dividend cut will free up approximately $18 mln/year of cash for Alamos' use", Raymond James analysts say in a note
** Gold prices had fallen 7.3 pct in the past 12 months through Monday's close
** Up to Monday's close, company's U.S.-listed stock had fallen 25 pct in the past 12 months, while its Canada-listed stock fell nearly 17 pct
© Thomson Reuters 2016 All rights reserved.