May 5 (Reuters) - Alamos Gold Inc posted a 15 percent rise in its first quarter profit, but the Caanadian miner cut its full-year production forecast.
For the January-March quarter, Alamos reported a net income of $17.9 million, or 15 cents a share, compared with an income of $15.5 million, or 13 cents a share, a year ago.
The company, which has operations in Mexico and Turkey, posted revenue of $54.4 million from the sale of 39,186 ounces of gold. [ID:nL3E7F61KX]
For the full year, the company now sees production of 145,000-160,000 ounces of gold, down from its earlier forecast of 160,000-175,000 ounces.
The company also raised its cash operating cost estimate to $365-$390 per ounce, from $350 to $365 per ounce of gold sold, estimated earlier. It is exclusive of a 5 percent royalty.
Shares of the Toronto, Ontario-based company closed at C$15.30 on Wednesday on the Toronto Stock Exchange. (Reporting by Arnika Thakur in Bangalore; Editing by Joyjeet Das)