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3 Reasons Growth Investors Will Love Alamos Gold (AGI)
ZACKS· 2025-01-22 18:45
Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market's attention and produce exceptional returns. However, it isn't easy to find a great growth stock.That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss.However, the task of finding cutting-edge growth stocks is made easy with the help of the Z ...
AGI vs. FNV: Which Stock Is the Better Value Option?
ZACKS· 2025-01-22 17:46
Core Viewpoint - Investors in the Mining - Gold sector should consider Alamos Gold (AGI) and Franco-Nevada (FNV) for potential value opportunities, with AGI currently showing stronger metrics for value investors [1] Valuation Metrics - Alamos Gold (AGI) has a forward P/E ratio of 16.62, while Franco-Nevada (FNV) has a significantly higher forward P/E of 32.49 [5] - AGI's PEG ratio is 0.59, indicating a more favorable valuation compared to FNV's PEG ratio of 7.13 [5] - AGI's P/B ratio stands at 2.38, compared to FNV's P/B ratio of 4.20, further highlighting AGI's relative undervaluation [6] Analyst Outlook - AGI currently holds a Zacks Rank of 2 (Buy), indicating a positive earnings estimate revision trend, while FNV has a Zacks Rank of 3 (Hold) [3] - The improving earnings outlook for AGI positions it as a superior value option in the current market [7]
Alamos Gold Provides Notice of Fourth Quarter and Year-End 2024 Results and Conference Call
Globenewswire· 2025-01-15 21:30
Group 1 - Alamos Gold Inc. plans to release its fourth quarter and year-end 2024 financial results on February 19, 2025, after market close [1] - A conference call to discuss the results will be held on February 20, 2025, at 11:00 am ET [1] - Participants can join the conference call via webcast or through specific dial-in numbers provided [1] Group 2 - Alamos is a Canadian-based intermediate gold producer with operations in North America, including the Young-Davidson mine and Island Gold District in Ontario, and the Mulatos District in Mexico [2] - The company has a strong portfolio of growth projects, including the Phase 3+ Expansion at Island Gold and the Lynn Lake project in Manitoba [2] - Alamos employs over 2,400 people and is committed to sustainable development [2]
Alamos Gold Reports 8.3% Y/Y Increase in 2024 Gold Production
ZACKS· 2025-01-14 18:41
Alamos Gold Inc. (AGI) reported gold production of 140,200 ounces for fourth-quarter 2024, up 8.3% from the third quarter of 2024. The figure was in line with AGI’s quarterly guidance. Alamos Gold achieved a record annual production of 567,000 ounces, up 7% from 2023. The figure was within the company’s guidance of 550,000-590,000 ounces.Higher Sales Drive Alamos Gold’s Revenues  AGI’s consolidated gold revenues in fourth-quarter 2024 were $375 million, inclusive of silver sales. In the quarter, Alamos Gold ...
Alamos Gold Meets 2024 Guidance And Provides Strong 3-Year Guidance
Seeking Alpha· 2025-01-14 14:25
Alamos Gold Inc. (NYSE: AGI ) is a North American gold mining company with production in Canada and Mexico. Most of the growth initiatives are in Canada, which means that exposure will grow over time.If you like this article and are interested in more frequent analysis of my holding companies, real-time notifications on portfolio changes, together with macro and industry analysis. I would encourage you to have a look at my marketplace service, Off The Beaten Path.I primarily invest in turnarounds in natural ...
Alamos Gold Achieves Increased 2024 Guidance with Record Annual Production; Three-Year Operating Guidance Outlines 24% Production Growth by 2027 at Significantly Lower Costs
Globenewswire· 2025-01-13 22:00
Core Viewpoint - Alamos Gold Inc. is set to enhance its low-cost growth trajectory starting in 2028 with the construction decision for the Lynn Lake project, alongside a strong production outlook and financial performance for 2024 [1][3]. Production and Financial Performance - The company achieved a record gold production of 567,000 ounces in 2024, marking a 7% increase from 2023, and met both quarterly and annual production guidance [2][6]. - Revenues reached $1.3 billion for the full year, driven by strong operational performance and higher realized gold prices [6][7]. - The company generated record free cash flow while investing in high-return growth projects [2][7]. Growth Outlook - Alamos Gold expects production to increase by 24% over the next three years, with the Lynn Lake project anticipated to contribute significantly starting in 2028 [3][10]. - The Lynn Lake project is projected to average annual production of 176,000 ounces over its first ten years, increasing consolidated production to approximately 900,000 ounces per year [10][28]. - The company plans to ramp up construction activities for Lynn Lake through 2025, with initial production expected in the first half of 2028 [10][28]. Cost Management - All-in sustaining costs (AISC) for 2024 are expected to be at the top end of the guidance range at $1,300 per ounce, with costs anticipated to decrease slightly in 2025 and further by approximately 10% by 2027 [6][30]. - The company aims to offset inflationary pressures with low-cost production growth, particularly from the Island Gold District following the completion of the Phase 3+ Expansion in 2026 [10][30]. Capital Expenditures - Total capital expenditures for 2025 are projected to range between $560 million and $630 million, reflecting the inclusion of construction capital for Lynn Lake and accelerated spending on other projects [10][21]. - Sustaining capital is expected to be between $138 million and $150 million, while growth capital is projected to be between $422 million and $480 million [10][25]. Exploration and Development - The exploration budget for 2025 has been increased to $72 million, representing a 16% increase from 2024, supporting broad-based success across the company's asset base [10][21]. - An evaluation of the long-term expansion of the Magino mill is underway, which could further enhance production capacity [10][29].
Alamos Gold Continues to Define High-Grade Mineralization Across the Island Gold Deposit; Ongoing Success Expected to Drive Additional Growth in Mineral Reserves and Resources
Globenewswire· 2025-01-13 11:55
Core Viewpoint - Alamos Gold Inc. has reported significant success in exploration drilling at the Island Gold Mine, indicating continued growth in Mineral Reserves and Resources, with high-grade gold mineralization being extended across various zones [1][2]. Exploration Results - The drilling program at Island Gold has been highly successful, with high-grade intercepts across the main deposit and newly defined zones, leading to expectations of growth in Mineral Reserves and Resources for the ninth consecutive year [2][3]. - New high-grade mineralization has been identified in the Island West (C-Zone) and Island East (E1E-Zone), with notable intercepts such as 67.68 g/t Au over 3.61 m and 55.50 g/t Au over 3.87 m respectively [5][23]. Drilling Program Overview - A total budget of $19 million was allocated for exploration in 2024, an increase from $14 million in 2023, with 50,416 m of underground exploration drilling completed in 185 holes [13][14]. - The focus of the drilling program was to define new Mineral Reserves and Resources near existing production horizons, with significant drilling also targeting high-grade mineralization in hanging wall and footwall zones [13][25]. High-Grade Intercepts - Significant high-grade intercepts were reported, including 584.20 g/t Au over 6.80 m in an unknown zone, highlighting the potential for further near-mine additions [10][31]. - Other notable intercepts include 63.51 g/t Au over 2.09 m in the E1D1 Zone and 37.02 g/t Au over 2.42 m in the NTH3 Zone, indicating strong mineralization in both hanging wall and footwall structures [30][7]. Future Growth Potential - The ongoing exploration and delineation drilling are expected to continue defining additional high-grade Mineral Reserves and Resources, particularly in proximity to existing infrastructure, which would be low-cost to develop [28][26]. - The company anticipates that the successful exploration results will support further growth in high-grade Mineral Reserves, enhancing operational flexibility and production potential [28][24].
Alamos Gold Appoints J. Robert S. Prichard as Chair of the Board
Newsfilter· 2025-01-08 22:00
TORONTO, Jan. 08, 2025 (GLOBE NEWSWIRE) -- Alamos Gold Inc. (TSX:AGI; NYSE:AGI), (TSX:AGI; NYSE:AGI) today announced the appointment of J. Robert S. Prichard as Chair of the Board of Directors, effective January 8, 2025. Mr. Prichard will succeed Paul Murphy, who sadly passed away in December 2024 after serving on the Board for over 14 years, and as Chairman for the past nine years. J. Robert S. Prichard has been a member of the Alamos Board for nearly six years, having joined in May 2019. Mr. Prichard is a ...
Alamos Gold Announces Renewal of Normal Course Issuer Bid
Globenewswire· 2024-12-19 11:55
All amounts are in United States dollars, unless otherwise stated. TORONTO, Dec. 19, 2024 (GLOBE NEWSWIRE) -- Alamos Gold Inc. (TSX:AGI; NYSE:AGI) (“Alamos” or the “Company”) today announced that it has filed with, and received acceptance from the Toronto Stock Exchange (“TSX”) of, a Notice of Intention to make a Normal Course Issuer Bid permitting Alamos to purchase for cancellation up to 18,605,661 Class A Common Shares (“Common Shares”), representing 5% of the Company’s public float of the Common Shares, ...
Alamos Gold Announces Passing of Chairman Paul J. Murphy
Globenewswire· 2024-12-16 23:59
TORONTO, Dec. 16, 2024 (GLOBE NEWSWIRE) -- Alamos Gold Inc. (TSX:AGI; NYSE:AGI) is deeply saddened to announce the passing of Paul J. Murphy, a Board member for over 14 years and Chairman for the past nine years. Mr. Murphy joined Alamos as a Director in 2010 and served as Chair of the Board since 2015, overseeing a period of transformative growth for the Company. He was a Partner of PricewaterhouseCoopers from 1981 to 2010 including serving as National Mining Leader from 2004 to 2010. Throughout his career ...