Alamos Gold Stock Price, News & Analysis

Alamos Gold reported financial results for Q2 2022, producing 103,900 ounces of gold, a 5% increase from Q1. Key projects, La Yaqui Grande and the Phase 3+ Expansion of Island Gold, are expected to enhance future production and cash flow. Revenues reached $191.2 million with a realized gold price of $1,871 per ounce. Adjusted net earnings were $29.3 million ($0.07/share). The company reported cash and equivalents of $121.5 million and no debt. Alamos aims for a 30% reduction in GHG emissions by 2030, reinforcing its commitment to sustainability.

Alamos Gold Inc. (AGI) will release its second quarter 2022 financial results after market close on July 27, 2022. A conference call is scheduled for July 28, 2022 at 10:00 am ET, where senior management will discuss the results. Participants can join via webcast or dial-in. Alamos is a Canadian intermediate gold producer with operations in North America, including the Young-Davidson and Island Gold mines in Ontario, and the Mulatos mine in Mexico. The company is committed to sustainable development and employs over 1,700 people.

Alamos Gold (AGI) announced the results of its Phase 3+ Expansion Study for the Island Gold mine, highlighting an expansion to 2,400 tonnes per day, increasing average annual gold production to 287,000 ounces starting 2026, a 22% increase from previous studies. The study projects $432 average cash costs per ounce, 30% lower than 2022 guidance. The mine life extends to 2039, supported by a 43% rise in mineable resources to 4.6 million ounces. The after-tax NPV reaches $1.6 billion with an IRR of 23%, boosted to $2 billion at higher gold prices. The project aims for significant free cash flow growth post-2025.

Alamos Gold Inc. (AGI) announced the initial gold production from the La Yaqui Grande mine, completing construction ahead of schedule in June 2022. The mine produced 991 ounces of gold from its first pour, with an expected output of about 3,000 ounces this month. The company anticipates strong production and lower costs moving into the second half of 2022, contributing to increased free cash flow. La Yaqui Grande extends the mine life at the Mulatos Complex for at least five years, sustaining 450 jobs.

Alamos Gold Inc. (AGI) has announced a target to reduce its absolute greenhouse gas (GHG) emissions by 30% by 2030, using a 2020/2021 baseline. This ambitious goal aligns with sustainability commitments and aims to cut GHG intensity by 55%. Currently, Alamos leads the industry with an average of 0.38 tCO₂e per ounce of gold produced, significantly lower than the industry average of 0.67 tCO₂e. The company is implementing various initiatives, including renewable energy projects and cleaner fuel options, to support its emissions reduction strategy.

Alamos Gold Inc. (TSX:AGI; NYSE:AGI) has declared a quarterly dividend of US$0.025 per share, payable on June 30, 2022 to shareholders of record by June 16, 2022. The company has returned $264 million to shareholders over the past 13 years via dividends and buybacks, including $27 million in 2022. In May 2022, Alamos repurchased 1.0 million shares for $7.4 million. The dividend qualifies as an “eligible dividend” for Canadian tax purposes and offers a dividend reinvestment plan at a 2% discount.

Alamos Gold Inc. (AGI) reported the results of its Annual General and Special Meeting held on May 26, 2022. A total of 295,085,862 shares were voted, representing 75.25% of the total shares issued. All nominated directors received overwhelming support, with votes for ranging from 77.01% to 99.78%. KPMG LLP was appointed as the auditor. Additionally, resolutions for the Long-Term Incentive Plan and Employee Share Purchase Plan were approved, along with the Fifth Amended and Restated Shareholder Rights Plan. The meeting highlighted strong shareholder engagement and approval of executive compensation approaches.

Alamos Gold Inc. (TSX:AGI; NYSE:AGI) announced an automatic share purchase plan (ASPP) to facilitate repurchases of its Class A common shares under a normal course issuer bid (NCIB). Since December 24, 2021, it has purchased 1 million shares at an average price of US$7.415, totaling $7.4 million in May 2022. The ASPP allows purchases during insider trading blackouts, ensuring compliance with Canadian securities laws. Alamos is permitted to buy up to 29,994,398 shares over a year, constituting about 10% of its public float.

Alamos Gold reported strong first-quarter 2022 results, producing 98,900 ounces of gold and achieving revenues of $184.5 million. Despite a net loss of $8.5 million, adjusted earnings were $18 million. The company anticipates increased production and lower costs in the latter half of 2022, driven by the upcoming La Yaqui Grande project. Cash flow from operations stood at $46.5 million, with a quarterly dividend of $9.8 million declared. Significant progress was made on growth projects, with key milestones at Island Gold and a strong liquidity position of $124.2 million in cash.