Alamos Gold Stock Price, News & Analysis

Alamos Gold Inc. (AGI) will release its Q4 and year-end 2020 financial results on February 24, 2021, after market close. A conference call is scheduled for February 25, 2021, at 11:00 am ET, enabling stakeholders to discuss the results directly with senior management. Participants can join via phone or through a webcast. Alamos, operating three gold mines in North America, is committed to sustainable development and employs over 1,700 people.

Alamos Gold Inc. (TSX:AGI; NYSE:AGI) has received approval from the Toronto Stock Exchange for a Normal Course Issuer Bid. This allows the company to repurchase up to 35,145,504 Class A Common Shares, representing 10% of its public float as of December 14, 2020. Purchases will occur over a twelve-month period starting December 24, 2020. Alamos believes that repurchasing shares will benefit shareholders by increasing their ownership proportion when share prices are undervalued. Previous repurchases totaled 1,133,561 shares at an average price of C$6.99.

Alamos Gold Inc. (TSX:AGI; NYSE:AGI) announced the acquisition of Trillium Mining Corp. for C$25 million, adding 5,418 hectares to its land package, increasing it to 14,929 hectares. This acquisition enhances exploration potential near the Island Gold mine, with recent drilling showing high-grade gold mineralization, including 28.97 g/t Au over 21.76 m. The Trillium land also includes significant regional exploration opportunities within the Goudreau Lake Deformation Zone. Alamos aims for systematic exploration to maximize gold mineralization potential.

Alamos Gold Inc. (TSX:AGI; NYSE:AGI) has announced its 2021 production and operating guidance, projecting gold production of 470,000 to 510,000 ounces, a 17% increase from 2020. Key drivers include the lower mine expansion at Young-Davidson, expected to yield significant free cash flow. The company anticipates lower total cash costs of $710 to $760 per ounce, and all-in sustaining costs of $1,025 to $1,075 per ounce. A total capital budget of $320 to $350 million is outlined, reflecting investments in growth projects like La Yaqui Grande and Island Gold expansion. Additionally, a 33% dividend increase is planned.

Alamos Gold Inc. (TSX:AGI; NYSE:AGI) has declared a quarterly dividend of US$0.02 per common share, marking a 33% increase from the previous quarter. This increase leads to an annual dividend rate of US$0.08 per share, reflecting the company's robust cash flow outlook following the Young-Davidson mine expansion. Shareholders of record by December 7, 2020, will receive the dividend on December 21, 2020. Additionally, Alamos has introduced a dividend reinvestment plan (DRIP) offering shares at a 3% discount while suspending optional cash purchases.

Alamos Gold Inc. reported record free cash flow of $76 million for Q3 2020, leading to a 33% increase in its dividend to US$0.08 per share. The company produced 117,100 ounces of gold, marking a 49% increase from the previous quarter. Operating revenues reached $218.4 million, with adjusted net earnings of $56.9 million or $0.15 per share, representing a 143% increase year-over-year. The company is now debt-free and expects continued strong cash flow, supporting future growth projects and returns to shareholders.

Alamos Gold Inc. (TSX:AGI; NYSE:AGI) will announce its third quarter 2020 financial results on October 28, 2020, after market close. A conference call is scheduled for October 29, 2020, at 10:00 am ET for management to discuss the results. Interested participants can join the call by calling (416) 340-2216 or (800) 273-9672 within Canada and the U.S., or access via webcast at www.alamosgold.com. A playback will be available until November 29, 2020, using the provided dial-in information.

Alamos Gold Inc. (TSX:AGI; NYSE:AGI) announced new surface exploration drilling results from the Island Gold Mine, showcasing significant high-grade gold mineralization extending 100 meters down-plunge. Key results include drill intersections of 28.97 g/t Au over 21.76 m and 15.38 g/t Au over 15.02 m, indicating a widening of the high-grade zone. The surface drilling program resumed in June 2020, with 16,660 m completed as of September 15, 2020. The results support ongoing exploration and potential growth in Mineral Reserves and Resources, aligning with the Phase III Expansion plans.

Alamos Gold Inc. (TSX:AGI; NYSE:AGI) has declared a quarterly dividend of US$0.015 per common share, payable on September 30, 2020, to shareholders of record by September 16, 2020. This marks 11 consecutive years of dividend payments, totaling $179 million returned to shareholders through dividends and buybacks. The company also introduced a dividend reinvestment plan allowing shareholders to purchase shares at a 3% discount to the market price. This dividend qualifies as an eligible dividend for Canadian tax purposes.