Alamos Gold Stock Price, News & Analysis

Alamos Gold reported strong financial results for Q4 and full year 2021, with gold production of 112,500 ounces in Q4, a 7% increase from Q3. Full year production met guidance with 457,200 ounces. Young-Davidson achieved record mining rates and free cash flow, while Island Gold showed operational strength. Consolidated cash costs rose to $843 per ounce, with all-in sustaining costs at $1,237 per ounce. The company ended the year with $172.5 million cash, no debt, and a strong pipeline for growth, including the La Yaqui Grande project projected for Q3 2022 commercial production.

Alamos Gold reported a 4% increase in global mineral reserves to 10.3 million ounces as of December 31, 2021, with overall grades rising 5%. All operations successfully replaced mining depletion, with significant contributions from Young-Davidson (up 5% to 3.4 million ounces) and Mulatos (up 14% to 1.5 million ounces). Island Gold's reserves increased 2% to 1.3 million ounces, continuing a nine-year growth trend. The company plans a $40 million exploration budget for 2022, signaling ongoing commitment to resource expansion.

Alamos Gold Inc. (AGI) is set to release its fourth quarter and year-end 2021 financial results after market close on February 23, 2022. A conference call will follow on February 24, 2022, at 11:00 am ET, where senior management will discuss these results. Participants can join via a webcast or through specific dial-in numbers provided. Alamos Gold operates three mines in North America and holds significant development projects across various countries. The company is dedicated to sustainable development and employs over 1,700 people.

Alamos Gold Inc. reported its fourth quarter and annual production for 2021, achieving production of 457,200 ounces, a 7% increase from 2020. The company met its production guidance with record revenues of $824 million, driven by strong output from Young-Davidson and Island Gold. Looking ahead, Alamos forecasts stable production in 2022 with a 4% growth expected in 2023. The company anticipates total cash costs to increase in 2022 due to industry-wide inflation but expects significant cost reductions starting in the second half of 2022 as La Yaqui Grande commences production.

Alamos Gold Inc. (TSX:AGI; NYSE:AGI) announced key executive appointments: Luc Guimond as Vice President, Operations, and Khalid Elhaj as Vice President, Business Strategy. Léon Grondin-Leblanc has been promoted to General Manager of Young-Davidson. Guimond brings 35 years of mining experience, having held senior roles at Northgate Minerals and others. Elhaj, with 15 years in corporate development, will oversee business strategy execution. Alamos operates three mines in North America and focuses on sustainable development.

Alamos Gold Inc. (TSX:AGI; NYSE:AGI) has announced a Normal Course Issuer Bid (NCIB) to repurchase up to 29,994,398 Class A Common Shares, representing 10% of its public float as of December 15, 2021. The NCIB will be active from December 24, 2021, to December 23, 2022. Alamos aims to enhance shareholder value, believing its shares are undervalued. Previously, during its last NCIB, it purchased 1,436,562 shares at an average price of C$9.34. The company operates three mines in North America and has significant development projects in various regions.

Alamos Gold Inc. (TSX:AGI; NYSE:AGI) announced promising results from its exploration program at the Lynn Lake Project in Manitoba, reporting broad zones of shallow gold mineralization at the newly discovered Tulune target. All 17 drilled holes intersected gold, with key highlights including 1.22 g/t Au over 47.25 m. The Gordon and MacLellan deposits also showed high-grade mineralization, with notable intersections above 28 g/t Au. Overall, Mineral Reserves increased by 27% to 2.1 million ounces since 2017, bolstering the project's economic outlook.

Alamos Gold Inc. has announced the exercise of 5,299,525 common share purchase warrants at an exercise price of CDN$0.50 per share of Red Pine Exploration Inc. This transaction results in Alamos owning approximately 19.75% of Red Pine's outstanding shares on a partially diluted basis. Before this exercise, Alamos held 17,414,858 common shares and 5,299,525 warrants of Red Pine. The acquisition is for investment purposes, and the Early Warning Report will be filed as required by Canadian regulations.

Alamos Gold Inc. (TSX:AGI; NYSE:AGI) has declared a quarterly dividend of US$0.025 per share and repurchased 383,000 shares totaling $2.9 million at $7.55 each in November. Year-to-date, the company has repurchased 1,183,262 shares for $8.9 million, returning $48 million to shareholders in 2021 through dividends and buybacks. The dividend is payable on December 21, 2021, to shareholders of record by December 7, 2021, and qualifies as an eligible dividend for Canadian tax purposes. A Dividend Reinvestment Plan (DRIP) is also available at a 2% discount.