All amounts are in United States dollars, unless otherwise stated. TORONTO, May 14, 2024 (GLOBE NEWSWIRE) -- Alamos Gold Inc. (TSX:AGI, NYSE:AGI) ("Alamos" or the "Company") today reported new results from its underground exploration program at the Young-Davidson mine. Underground exploration drilling from the mid-mine intersected a new style of higher-grade gold mineralization in zones within the hanging wall of the Young-Davidson deposit. These zones are located between 10 and up to 200 metres ("m") south ...

Investors looking for stocks in the Mining - Gold sector might want to consider either New Gold (NGD) or Alamos Gold (AGI) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The Zacks Rank is a proven strategy that targets companies with positive ...

Alamos Gold Inc. (NYSE:AGI) Q1 2024 Earnings Conference Call April 25, 2024 11:00 AM ET Company Participants Scott Parsons - Senior Vice President, Investor Relations John McCluskey - President & Chief Executive Officer Greg Fisher - Chief Financial Officer Luc Guimond - Chief Operating Officer Conference Call Participants Mike Parkin - National Bank Kerry Smith - Haywood Securities Operator Good morning and I will now turn the call over to Scott Parsons, Alamos's Senior Vice President of Investor Relations ...

ALAMOS GOLD INC. Management's Discussion and Analysis (in United States dollars, unless otherwise stated) For the Three Months ended March 31, 2024 ALAMOS GOLD INC. For the Three months ended March 31, 2024 Table of Contents | Overview of the Business | 3 | | --- | --- | | Highlight Summary | 4 | | First Quarter 2024 Highlights | 6 | | Environment, Social and Governance Summary Performance | 7 | | Business Developments | 8 | | Outlook and Strategy | 10 | | Young-Davidson Mine ("Young-Davidson") | 12 | | Isl ...

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRES SASKATOON, Saskatchewan, April 19, 2024 (GLOBE NEWSWIRE) -- GFG Resources Inc. (TSXV:GFG) (OTCQB:GFGSF) ("GFG" or the "Company") has closed its private placement financing (the "Offering") (see news release dated February 23, 2024) for gross proceeds of C$2,505,866. In connection with the Offering, Alamos Gold Inc. ("Alamos") (TSX:AGI, NYSE:AGI) purchased securities to maintain their 9.9% interest in the Company. Pursuant to the Offering, ...

Core Viewpoint - Alamos Gold is acquiring Argonaut Gold to enhance its production capabilities and operational synergies, particularly with the addition of the Magino mine, which is expected to significantly boost annual gold production and create substantial pre-tax synergies [2][3]. Acquisition Details - The acquisition of Argonaut Gold will provide Alamos Gold with the Magino mine, marking its fourth producing operation, and is expected to increase annualized production volume above 600,000 ounces of gold [3]. - The pre-tax synergies from this acquisition are estimated at $515 million, which aligns with the enterprise value of the entire transaction [3]. Production and Cost Implications - The addition of Magino will initially increase the consolidated All-In Sustaining Cost (AISC) for Alamos Gold in 2024 due to ramp-up issues, but costs are expected to stabilize in the following years [5]. - The transaction is projected to increase production volume by approximately 25%, while the share count will only rise by 5% [5]. Operational Insights - Alamos Gold's existing operations are diversified, with three mines expected to produce between 150,000 to 200,000 ounces of gold in 2024 [10]. - Over the past five years, the consolidated cash cost has risen by about 12%, and the consolidated AISC has increased by only 10%, indicating effective cost management despite industry inflation [10][13]. Financial Position - Alamos Gold has no debt and ended 2023 with $225 million in cash, which will be utilized to settle Argonaut's debt upon transaction finalization [16]. - The company has a small quarterly dividend of $0.025 per share, translating to a dividend yield of 0.7% based on the latest share price [16]. Reserves and Growth Potential - Alamos Gold reported 10.7 million ounces of gold reserves as of February, with the acquisition of Magino expected to add an additional 2.4 million ounces of reserves and nearly 4.6 million ounces of measured and indicated resources [17][19]. - The company has demonstrated impressive reserve growth and improved grades over time, indicating a strong resource base [19]. Valuation Considerations - The forward-looking EV to EBITDA ratio is 9.1, and the Price to Earnings ratio is 25, suggesting that the valuation is at the higher end of historical ranges [21]. - Despite the seemingly high valuation, the estimates may not fully reflect the new production levels, synergies, and improved gold prices, making the investment more attractive than it appears [21].

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Core Viewpoint - Alamos Gold Inc. has completed a non-brokered private placement, acquiring approximately 13.8% of Argonaut Gold Inc.'s outstanding shares for C$50 million, as part of a larger transaction to acquire all of Argonaut's shares [1][2][3]. Group 1: Private Placement Details - Alamos subscribed for 174,825,175 common shares of Argonaut at a price of C$0.286 per share, resulting in total gross proceeds of C$50 million for Argonaut [1][2]. - The proceeds from the private placement will be used by Argonaut to address immediate liquidity needs, including advancing the Magino Gold mine and general working capital, with a maximum of C$10 million allocated to U.S. and Mexican assets [2]. Group 2: Transaction Context - The private placement is part of an arrangement agreement between Alamos and Argonaut, which was established on March 27, 2024, for Alamos to acquire all issued and outstanding shares of Argonaut through a court-approved plan [2][3]. - Prior to the private placement, Alamos did not own any common shares of Argonaut, but now holds approximately 13.8% of the total outstanding shares [3]. Group 3: Company Profiles - Alamos Gold Inc. is a Canadian-based intermediate gold producer with operations in North America, including the Young-Davidson and Island Gold mines in Ontario, and the Mulatos mine in Mexico [5]. - Argonaut Gold Inc. is also a Canadian gold producer focused on becoming a low-cost, mid-tier producer, with its flagship asset being the Magino Mine, expected to be its largest and lowest-cost mine [6].

TORONTO, April 03, 2024 (GLOBE NEWSWIRE) -- Alamos Gold Inc. (TSX:AGI, NYSE:AGI) ("Alamos" or the "Company") today reported the completion of the previously announced acquisition (the "Transaction") of all the issued and outstanding common shares of Orford Mining Corporation (TSXV:ORM) ("Orford Mining"). A Final Order was granted by the Ontario Superior Court of Justice on April 2, 2024 approving the Plan of Arrangement pursuant to which the Transaction was implemented. "We are pleased to complete the acqui ...

Core Viewpoint - Alamos Gold Inc. is set to release its first quarter 2024 financial results on April 24, 2024, followed by a conference call on April 25, 2024, to discuss the results and an upcoming Annual General and Special Meeting of Shareholders on May 23, 2024 [1][2]. Financial Results and Conference Call - The first quarter 2024 financial results will be released after market close on April 24, 2024 [1]. - A conference call to discuss these results will take place on April 25, 2024, at 11:00 am ET [1][2]. - Participants can join the conference call via webcast or by dialing specific numbers provided [2]. Annual General and Special Meeting - The Annual General and Special Meeting of Shareholders is scheduled for May 23, 2024, at 4:00 pm ET, and will be held virtually [2]. - The record date for determining eligible shareholders is April 10, 2024 [3]. - Detailed voting and participation instructions will be provided in the Company's Notice of Annual Meeting of Shareholders and Management Information Circular [3]. Company Overview - Alamos Gold is a Canadian-based intermediate gold producer with operations in North America, including the Young-Davidson and Island Gold mines in Ontario, and the Mulatos mine in Mexico [4]. - The Company has a portfolio of growth projects, including the Phase 3+ Expansion at Island Gold and the Lynn Lake project in Manitoba [4]. - Alamos Gold employs over 1,900 people and is committed to sustainable development [4].