Alamos (TSE:AGI) Increases Semi-annual Dividend

Alamos Gold (TSE:AGI) increased its semi-annual dividend again, bumping it up by 17 percent.

In April the company declared a dividend of 3 cents a share, and it was increased to 3.5 cents a share now.

CFO John Morda said in a statement, "This dividend increase reflects our balance sheet strength, increased realised gold sale prices, and our continued ability to generate strong cash flows from operations.”

Gold production for Alamos comes from its Mulatos mine, in Mexico. They also acquired Agi Dagi and Kirazli, both located in Turkey earlier in the year from Teck Resources (NYSE:TCK) and Fronteer Development Group (AMEX:FRG).

Tech Resources (TSE:TCK-B), Fronteer Development (TSE:FRG) Drilling in Turkey

Tech Resources and Fronteer Development Joint Venture

Tech Resources (TSE:TCK-B) and Fronteer Development (TSE:FRG) say they are planning to begin drilling in Turkey at the Halilaga project in Turkey, a joint venture between the two companies, with Tech Resources represented by their subsidiary "TMST."

Halilaga includes deposits of gold and copper at the site, and the companies are committing $2.7 million for the drilling program.

Teck Resources is overseeing the project, as they have a stake of 60 percent in the venture.

Drilling is planned to start in June, with an estimate for the first-round resource scheduled near the end of 2010.