Alamos Gold targets about 800,000 ounces of gold production

Core Viewpoint - Alamos Gold has experienced significant success and growth in gold production, particularly in its operations in Mexico, and is optimistic about future production increases and cost efficiencies [1][2]. Company Overview - Alamos Gold is a Canadian-based intermediate gold producer with diversified production from three operating mines located in North America: Young-Davidson and Island Gold mines in Ontario, Canada, and the Mulatos Mine in Sonora, Mexico [1]. - The company employs over 1,900 people and has a growth pipeline that includes the phase 3+ expansion at Island Gold and the Lynn Lake project in Manitoba, Canada [1]. Production Forecast - For 2024, Alamos Gold is forecasting gold production of 505,000 ounces at an all-in sustaining cost (AISC) of $1,150 per ounce [1]. - The company anticipates a longer-term production increase to approximately 800,000 ounces at a reduced AISC of $1,025 per ounce [1]. Performance Highlights - The company has exceeded its overall production guidance, particularly noting strong performance from its Mexican operations in 2023 [2].