Alamos Gold Stock Price, News & Analysis

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.

Alamos Gold Inc. (AGI) announced significant results from exploration drilling at the Island Gold mine, indicating an extension of high-grade gold mineralization. Notable findings include a drill hole confirming mineralization extending 300 meters down-plunge from existing resources, reaching depths over 1,700 meters. Reliable high-grade intersections include 15.86 g/t Au over 16.04 meters and 12.03 g/t Au over 8.26 meters. The exploration success suggests substantial potential for growth in Mineral Reserves and Resources, particularly in the Island East area, which is within proximity to the planned shaft.

Alamos Gold reported third-quarter financial results for the period ending September 30, 2021, revealing a 104,700-ounce gold production, an 11% drop from the previous year. Challenges at the Mulatos mine led to a revised production guidance reduction of 15,000 ounces for 2021. However, strong performance at Canadian operations, especially Young-Davidson, with a production of 50,000 ounces, showcases growth potential. Revenue stood at $198 million, down 9% from the previous year, with total cash costs rising to <$b>790-$810 per ounce. The construction of La Yaqui Grande progresses towards its 2022 completion.

Alamos Gold Inc. (TSX:AGI; NYSE:AGI) will announce its Q3 2021 financial results after market close on October 27, 2021. A conference call is scheduled for October 28, 2021, at 11:00 am ET, where senior management will discuss the results. The call can be accessed via dial-in numbers for Canada and international participants, with a playback option available until November 28, 2021. Alamos Gold operates three mines and has a diverse portfolio of development projects across North America, Mexico, Turkey, and the U.S., emphasizing sustainable development.

Alamos Gold Inc. (AGI) declared a quarterly dividend of US$0.025 per common share and repurchased 600,000 shares for $4.5 million at $7.50 per share in August. Year-to-date, it has repurchased 800,262 shares for $6.0 million, returning $35 million to shareholders through dividends and buybacks in 2021. The dividend is payable on September 30, 2021, to shareholders recorded by September 16, 2021. The company offers a dividend reinvestment plan allowing shareholders to acquire shares at a 2% discount. Alamos has consistently paid dividends for 12 years, returning $223 million to shareholders.

Alamos Gold Inc. (NYSE: AGI) reported Q2 2021 results with gold production of 114,200 ounces, a 46% year-over-year increase. Young-Davidson and Island Gold performed strongly, with mining rates expected to rise. The company achieved revenues of $195.1 million, a 55% increase, while cash flow from operations was $86.7 million, up 75%. However, a $213.8 million impairment charge was recorded due to the Turkish operations dispute. Alamos ended the quarter with $233.9 million in cash and no debt, continuing capital projects, and aiming for a strong production outlook for the rest of 2021.