All amounts are in United States dollars, unless otherwise stated. TORONTO, Sept. 04, 2024 (GLOBE NEWSWIRE) -- Alamos Gold Inc. (TSX:AGI; NYSE:AGI) (“Alamos” or the “Company”) today reported new results from ongoing surface exploration drilling within the Mulatos District focused on defining higher-grade mineralization at Puerto Del Aire (“PDA”) and Cerro Pelon. Drilling at Cerro Pelon is following up on wide, high-grade underground oxide and sulphide intersections previously drilled below the Cerro Pelon o ...

Michael McCraeMichael McCrae is leading Kitco's coverage of the mining sector. McCrae, who has both an MBA and CMA, knows how to build digital media properties. He was co-founder and publisher of MINING.com, an award-winning news site. Before coming to media, McCrae worked in IT and banking. Please reach out: mmccrae@kitco.com or (514) 670-1383. You can also follow him at @michaelmccrae.ShareDisclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc ...

Tom Yeung here with this week’s Sunday Digest… where each week I bring you the best stories and investment ideas from the analysts across InvestorPlace. Over the past several weeks, you’ve heard me talk a lot about artificial general intelligence (AGI). That’s the moment when AI becomes smarter than humans in a broad variety of tasks. And frankly, two things scare me about this moment. What comes after? (No one knows) We don’t have much of a framework to understand what AGI will look like. Would it have sen ...

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. But finding a great growth stock is not easy at all.By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss.However, the task of finding cutting-edge growth stocks is made easy with the help of the Zacks Growth S ...

ALAMOS GOLD INC. Management's Discussion and Analysis (in United States dollars, unless otherwise stated) For the Three and Six Months ended June 30, 2024 ALAMOS GOLD INC. For the Three and Six months ended June 30, 2024 Table of Contents | Overview of the Business | 3 | | --- | --- | | Highlight Summary | 4 | | Second Quarter 2024 Highlights | 6 | | Environment, Social and Governance Summary Performance | 7 | | Business Developments | 7 | | Outlook and Strategy | 9 | | Young-Davidson Mine ("Young-Davidson" ...

Core Viewpoint - Alamos Gold Inc. reported record production and free cash flow in Q2 2024, driven by strong operational performance and lower costs, positioning the company for significant growth and value creation through ongoing exploration and expansion initiatives [2][18][19]. Financial Performance - The company produced a record 139,100 ounces of gold, exceeding guidance of 123,000 to 133,000 ounces, resulting in record quarterly revenue of $332.6 million, a 27% increase from Q2 2023 [3][5]. - Free cash flow reached $106.9 million, reflecting a more than 300% increase from Q1 2024, supported by strong mine-site cash flow from all operations [3][18]. - Adjusted net earnings for Q2 were $96.9 million, or $0.24 per share, while reported net earnings were $70.1 million, or $0.18 per share [3][5]. Operational Highlights - The company sold 140,923 ounces of gold at an average realized price of $2,336 per ounce, marking the second consecutive quarter of record revenue [3][5]. - Cash and cash equivalents increased by 31% to $313.6 million, with the company remaining debt-free at the end of Q2 [3][22]. - The integration of the recently acquired Magino mine is expected to create significant synergies and enhance production capabilities [19][20]. Cost Management - Cost of sales was $172.6 million, or $1,225 per ounce, in line with full-year guidance, while total cash costs decreased to $830 per ounce, a 9% reduction from Q1 2024 [3][5]. - All-in sustaining costs (AISC) were reported at $1,096 per ounce, down 13% from Q1 2024, driven by higher grades at Island Gold and Young-Davidson [3][5]. Growth Initiatives - The Phase 3+ Expansion at Island Gold is progressing well, expected to be completed in the first half of 2026, which will significantly enhance free cash flow growth [18][19]. - Exploration success at Young-Davidson and Island Gold is anticipated to drive further increases in high-grade Mineral Reserves and Resources [21][22]. ESG and Community Engagement - The company published its 2023 ESG Report, highlighting progress in environmental, social, and governance performance [12]. - Alamos continues to engage with local communities through various support initiatives, including infrastructure investments and health care [11][12].

Historically, the dollar index level drives many trends in the United States' gross domestic product (GDP). After reporting a better-than-expected 2.8% growth for the past quarter, GDP is now accredited to the strength of consumer discretionary stocks and behaviors. It's never good to be too concentrated in one area as an investor and a country.A market rotation has begun, with bonds as one area of interest. Stanley Druckenmiller has made a rotation of his own by selling out of NVIDIA Co. NASDAQ: NVDA and b ...

yuriz/iStock via Getty Images I last covered Meta (NASDAQ:META) in April; at the time, I put out a Buy rating, even though I mentioned valuation concerns that I had. Since then, the stock has gained 2.71% in price. In this thesis, I am reiterating my Buy rating based on my sentiment that Meta could be one of the multipolar corporate leaders in AI in the unipolar global economic system that I believe will continue in the long term to be led by the West. Crucial to my sentiment is that Mark Zuckerberg has ...

All amounts are in United States dollars, unless otherwise stated TORONTO, July 23, 2024 (GLOBE NEWSWIRE) -- Alamos Gold Inc. (TSX:AGI; NYSE:AGI) (“Alamos” or the “Company”) today reported new results from underground and surface drilling at the Island Gold Mine. Exploration drilling continues to extend high-grade gold mineralization across the Island Gold Deposit, as well as within several hanging wall and footwall structures. Delineation and definition drilling has defined wide, higher-grade zones within ...

All amounts are in United States dollars, unless otherwise stated. TORONTO, July 19, 2024 (GLOBE NEWSWIRE) -- Alamos Gold Inc. (TSX:AGI; NYSE:AGI) ("Alamos" or the "Company") has released its annual Environmental, Social, and Governance (ESG) Report ("ESG Report"), which outlines the Company's progress on its ESG performance in 2023 across its operations, projects and offices. "During 2023 our Alamos Gold team had the opportunity to reflect on two decades as a Company, and I am proud to say that our dedicat ...