Alamos Gold Stock Price, News & Analysis

Alamos Gold Inc. (AGI) will announce its first quarter 2022 financial results post-market on April 27, 2022. A conference call is scheduled for April 28, 2022, at 11:00 am ET for management to discuss these results. The company will also host its Annual General and Special Meeting of Shareholders on May 26, 2022, which will be conducted virtually. The record date for eligible shareholders is April 7, 2022. Alamos is a Canadian intermediate gold producer with operations in North America and a focus on sustainable development.

On March 30, 2022, Alamos Gold (TSX:AGI; NYSE:AGI) announced the filing of its annual information form and 2021 40-F annual report with the SEC and Canadian authorities. This documentation includes audited financial statements for the year ended December 31, 2021. Alamos, a Canadian-based intermediate gold producer, operates three mines in North America and has a portfolio of development projects across several countries. Shareholders can request a free hard copy of these documents.

Alamos Gold Inc. (NYSE:AGI; TSX:AGI) has filed a Closure Plan Amendment for the Island Gold Mine with the Ontario Government, marking a pivotal step towards the Phase III expansion of the mine. This expansion aims to increase production by about 70%, reaching an average of 236,000 ounces of gold annually at low all-in sustaining costs of $534 per ounce by 2025. Additionally, Mineral Reserves and Resources have grown by 37% to 5.1 million ounces, with a revised mine plan expected mid-2022 to further enhance operational value.

Alamos Gold Inc. (AGI) has declared a quarterly dividend of US$0.025 per common share, payable on March 31, 2022. Shareholders on record by March 17, 2022 will receive this dividend, marking 13 consecutive years of dividend payments totaling $247 million to shareholders, with $51 million returned in 2021 alone. The Company has also initiated a Dividend Reinvestment Plan (DRIP) allowing shareholders to reinvest dividends for additional shares at a 2% discount.

Alamos Gold Inc. (TSX:AGI; NYSE:AGI) has signed a binding agreement to sell its non-core Esperanza Gold Project in Mexico to Zacatecas Silver Corp. for total consideration of up to $60 million. The deal includes $21 million at closing and $39 million contingent on milestones such as environmental approval and production commencement. This transaction aligns with Alamos' strategy to monetize non-core assets, having generated nearly $100 million through such sales over the past two years. The closing is expected in Q2 2022.

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.