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AGI produces a record gold of 567,000 ounces in 2024, in line with its guidance.
Alamos Gold Inc.'s 2024 production was 567Koz, with Young-Davidson and Magino below guidance, while Island Gold and Mulatos District exceeded expectations. The 3-year guidance projects production growth of 7% in 2025, 8% in 2026, and 8% in 2027, with Lynn Lake coming online in 2028. All-in sustaining costs are expected to decrease over the coming years, despite inflationary pressures.
Lynn Lake expected to provide additional low-cost growth starting in 2028 with construction decision announced Lynn Lake expected to provide additional low-cost growth starting in 2028 with construction decision announced
All amounts are in United States dollars, unless otherwise stated. TORONTO, Jan. 13, 2025 (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.
TORONTO, Jan. 08, 2025 (GLOBE NEWSWIRE) -- Alamos Gold Inc. (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.
Alamos Gold is rated a "Buy" with a 24-30 month horizon due to strong production growth, and favorable gold price trends. Revised production guidance shows significant growth, with 2024-2026 production expected to increase substantially, supporting robust revenue and cash flow growth. AGI has strong financial flexibility, low leverage, and potential for higher dividends, driven by production growth and lower all-in-sustaining costs.
All amounts are in United States dollars, unless otherwise stated. TORONTO, Sept.
Gold price is expected to maintain its northbound journey in the near future primarily due to three positive factors. Five gold stock for investment are - AU, EGO, IAG, IDR and AGI.
Does Alamos Gold (AGI) have what it takes to be a top stock pick for momentum investors? Let's find out.
Alamos Gold (AGI) possesses solid growth attributes, which could help it handily outperform the market.