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Alamos Gold Inc. - AGI STOCK NEWS

Welcome to our dedicated news page for Alamos Gold (Ticker: AGI), a resource for investors and traders seeking the latest updates and insights on Alamos Gold.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Alamos Gold's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Alamos Gold's position in the market.

Rhea-AI Summary
Alamos Gold Inc. and Argonaut Gold Inc. have completed a non-brokered private placement where Alamos acquired 13.8% of Argonaut's common shares for C$50,000,000. The proceeds will fund Argonaut's liquidity needs, including the Magino Gold mine and general working capital.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.36%
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Rhea-AI Summary
Alamos Gold Inc. (AGI) successfully completes the acquisition of Orford Mining , gaining access to the promising Qiqavik Gold Project in Northern Quebec. The transaction aligns with Alamos' strategy of expanding its project portfolio in favorable locations for long-term growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.57%
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Rhea-AI Summary
Alamos Gold Inc. (AGI) plans to release its first quarter 2024 financial results and host a conference call to discuss the results. The Company will hold its Annual General and Special Meeting of Shareholders in May 2024. Participants can join the conference call via webcast or dial-in numbers. The Annual Meeting will be held virtually, with detailed voting instructions provided.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.57%
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Rhea-AI Summary
Alamos Gold Inc. and Argonaut Gold Inc. have entered into a definitive agreement for Alamos to acquire all shares of Argonaut, including the Magino mine, creating one of Canada's largest and lowest cost gold mines. The integration of the two operations is expected to unlock approximately US$515 million in immediate and long-term synergies, with an increase in combined gold production to over 600,000 ounces per year. The Transaction will exchange each Argonaut common share for 0.0185 Alamos common shares and 1 share of SpinCo, implying an estimated total consideration of C$0.40 per share, or US$325 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.99%
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Rhea-AI Summary
Alamos Gold Inc. (AGI) has filed its annual information form and 2023 annual report, including audited financial statements, with the SEC and Canadian securities authorities. The documents are available online and in hard copy for shareholders.
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-0.29%
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News
Rhea-AI Summary
Alamos Gold Inc. declares a quarterly dividend of US$0.025 per common share, continuing its streak of paying dividends for 15 consecutive years. Shareholders have received $334 million through dividends and share buybacks, with $39 million distributed in 2023. The dividend is payable on March 28, 2024, to shareholders of record as of March 14, 2024, and qualifies as an eligible dividend for Canadian income tax purposes. The Company offers a Dividend Reinvestment Plan (DRIP) allowing shareholders to reinvest dividends in common shares at a 3% discount to the market price.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.26%
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dividends
Rhea-AI Summary
Alamos Gold Inc. (AGI) reported a strong fourth quarter, leading to record annual production, revenue, and operating cash flow in 2023. Production increased by 15% to 529,300 ounces, with revenue reaching $1 billion and cash flow from operations hitting $519 million. The company achieved various financial records, including generating $124 million of free cash flow while investing in growth projects. The growth at PDA and Island Gold is expected to extend mine life and drive substantial production growth at lower costs in 2026 and beyond.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.55%
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Rhea-AI Summary
Alamos Gold Inc. reports a 2% increase in Global Proven and Probable Mineral Reserves to 10.7 million ounces of gold, driven by high-grade additions at Island Gold and Puerto Del Aire. Mineral Reserve additions exceed depletion, with Island Gold marking an 18% increase and PDA a 33% increase in Mineral Reserves. The company's global Measured and Indicated Mineral Resources increased by 12% to 4.4 million ounces of gold, with grades rising by 9%. The Inferred Mineral Resources also saw a 3% increase to 7.3 million ounces of gold. Alamos Gold maintains a conservative approach with $1,400 per ounce for estimating Mineral Reserves and $1,600 per ounce for estimating Mineral Resources.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.17%
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Rhea-AI Summary
Alamos Gold Inc. reports new high-grade gold mineralization from underground exploration drilling at the Island Gold Mine, expected to increase Mineral Reserves and Resources. The 2023 program saw successful results with significant gold intersections, leading to a budget increase for the 2024 exploration program.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.61%
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Rhea-AI Summary
Alamos Gold Inc. plans to release its Q4 and year-end 2023 financial results on February 21, 2024. A conference call will be held on February 22, 2024 to discuss the results. Participants can join via webcast or dial-in numbers. A playback will be available until March 24, 2024. The webcast will be archived at www.alamosgold.com.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.73%
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Alamos Gold Inc.

NYSE:AGI

AGI Rankings

AGI Stock Data

5.94B
394.97M
0.28%
69.3%
0.82%
Gold Ore Mining
Mining, Quarrying, and Oil and Gas Extraction
Link
Canada
Toronto

About AGI

alamos is a canadian-based intermediate gold producer with diversified production from three operating mines in north america. this includes the young-davidson mine in northern ontario, canada and the mulatos and el chanate mines in sonora state, mexico. additionally, the company has a significant portfolio of exploration through advanced development stage projects in mexico, turkey, canada and the united states. alamos employs more than 1,300 people and is committed to the highest standards of sustainable development. alamosʼ core focus as a gold producer is to be a leader in growing low-cost production, a leader in financial performance, and a leader in delivering shareholder value. alamos has consistently achieved these key objectives throughout its history and they remain the focus of our strategy going forward. our commitment to principles of sustainable development has been a critical factor in our success to date, enabling us to maintain our social license from a broad range