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Alamos Gold

Alamos Gold Inc acquires, explores, and produces gold and other precious metals, and operates in two principal geographic areas: Canada and Mexico. The company has three operating mines in North America: Young-Davidson and Island Gold mines operate in Canada and the Mulatos and in Sonora, Mexico. The company generates maximum revenue from the Mulatos mines.

Alamos Gold Inc

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Alamos Gold (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGI#NYSE">AGI</a>) is gearing up to announce its quarterly earnings on Wednesday, 2024-11-06. Here's a quick overview of what investors should know before the release.
Analysts are estimating that Alamos Gold will report an earnings per share (EPS) of $0.21.
Anticipation surrounds Alamos Gold's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.
New investors should understand that while earnings performance is important, market reactions are often driven by guidance.
<h3>Overview of Past Earnings</h3>
Last quarter the company beat EPS by $0.06, which was followed by a 2.0% increase in the share price the next day.
Here's a look at Alamos Gold's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.18</td>
<td>0.13</td>
<td>0.11</td>
<td>0.12</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.24</td>
<td>0.13</td>
<td>0.12</td>
<td>0.14</td>
</tr>
<tr>
<td>Price Change %</td>
<td>2.0%</td>
<td>-1.0%</td>
<td>-3.0%</td>
<td>-1.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1730826123_0.png" alt="eps graph" />
<h3>Performance of Alamos Gold Shares</h3>
Shares of Alamos Gold were trading at $20.11 as of November 04. Over the last 52-week period, shares are up 57.23%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release. 
<a href="https://www.benzinga.com/quote/AGI/earnings">To track all earnings releases for Alamos Gold visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings

Alamos Gold's Earnings: A Preview

Alamos Gold (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGI#NYSE">AGI</a>) will release its quarterly earnings report on Wednesday, 2024-11-06. Here's a brief overview for investors ahead of the announcement.
Analysts anticipate Alamos Gold to report an earnings per share (EPS) of $0.21.
Alamos Gold bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Performance in Previous Earnings</h3>
In the previous earnings release, the company beat EPS by $0.06, leading to a 2.0% increase in the share price the following trading session.
Here's a look at Alamos Gold's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.18</td>
<td>0.13</td>
<td>0.11</td>
<td>0.12</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.24</td>
<td>0.13</td>
<td>0.12</td>
<td>0.14</td>
</tr>
<tr>
<td>Price Change %</td>
<td>2.0%</td>
<td>-1.0%</td>
<td>-3.0%</td>
<td>-1.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1730826116_0.png" alt="eps graph" />
<h3>Market Performance of Alamos Gold's Stock</h3>
Shares of Alamos Gold were trading at $20.11 as of November 04. Over the last 52-week period, shares are up 57.23%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/AGI/earnings">To track all earnings releases for Alamos Gold visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Alamos Gold Earnings Preview

Alamos Gold (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGI#NYSE">AGI</a>) has outperformed the market over the past 5 years by 17.43% on an annualized basis producing an average annual return of 31.55%. Currently, Alamos Gold has a market capitalization of $8.31 billion. 
Buying $1000 In AGI: If an investor had bought $1000 of AGI stock 5 years ago, it would be worth $3,674.16 today based on a price of $19.81 for AGI at the time of writing.
<h3>Alamos Gold's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1728667850_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

News

Trading Ideas

If You Invested $1000 In This Stock 5 Years Ago, You Would Have $3,700 Today

Jefferies analyst Matthew Murphy maintains Alamos Gold (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGI#NYSE">AGI</a>) with a Buy and raises the price target from $23 to $28.

Price Target

Analyst Ratings

Jefferies Maintains Buy on Alamos Gold, Raises Price Target to $28

Alamos Gold (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGI#NYSE">AGI</a>) has outperformed the market over the past 5 years by 12.72% on an annualized basis producing an average annual return of 27.3%. Currently, Alamos Gold has a market capitalization of $8.42 billion. 
Buying $100 In AGI: If an investor had bought $100 of AGI stock 5 years ago, it would be worth $343.41 today based on a price of $20.05 for AGI at the time of writing.
<h3>Alamos Gold's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727884967_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much $100 Invested In Alamos Gold 5 Years Ago Would Be Worth Today

WIIM

GOLD

RGLD

SAND

SSRM

Shares of gold stocks are trading higher in sympathy with overall market sentiment after the Fed policy decision to cut rates by 50 basis points.

Gold production in 2024 is expected to range between 550,000 and 590,000 ounces, a&nbsp;13%&nbsp;increase from the&nbsp;guidance&nbsp;provided in January 2024 (based on mid-point). The increase is driven by the incorporation of the Magino mine, as well as increased&nbsp;guidance&nbsp;from the Mulatos District.
Production&nbsp;guidance&nbsp;for 2025 has increased&nbsp;22%&nbsp;relative to previous&nbsp;guidance&nbsp;reflecting a full year of production from Magino, at higher milling rates.&nbsp;
Production&nbsp;guidance&nbsp;for 2026 has increased&nbsp;21%&nbsp;to between 630,000 and 680,000 ounces. This represents a&nbsp;30%&nbsp;increase from previous&nbsp;guidance&nbsp;for 2024 reflecting the inclusion of Magino, as well as the completion of the Phase 3+ Expansion at Island Gold.&nbsp;

Guidance

Alamos Gold Provides Updated Three-year Production And Operating Guidance

Alamos Gold (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGI#NYSE">AGI</a>) has outperformed the market over the past 5 years by 10.2% on an annualized basis producing an average annual return of 23.21%. Currently, Alamos Gold has a market capitalization of $7.79 billion. 
Buying $100 In AGI: If an investor had bought $100 of AGI stock 5 years ago, it would be worth $283.49 today based on a price of $18.56 for AGI at the time of writing.
<h3>Alamos Gold's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1725570023_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much You Would Have Made Owning Alamos Gold Stock In The Last 5 Years

PDA Project Highlights
<ul>
<li>Average annual gold production of 127,000 ounces over the first four years and 104,000 ounces over the current mine life, based on Mineral Reserves as at December 31, 2023</li>
<li>Low cost profile: total cash costs of&nbsp;$921&nbsp;per payable ounce and mine-site all-in sustaining costs of&nbsp;$1,003&nbsp;per payable ounce,&nbsp;consistent with the Company&#39;s overall low cost structure</li>
<li>Mine life tripled to 2035:&nbsp;PDA mine life of eight years based on current Mineral Reserves, extending the Mulatos District mine life from 2027 to 2035</li>
<li>High-return project with significant upside potential
<ul>
<li>After-tax Internal Rate of Return (&quot;IRR&quot;) of&nbsp;46%&nbsp;and after-tax Net Present Value (&quot;NPV&quot;) (5%) of&nbsp;$269 million&nbsp;(using base case gold price assumption of&nbsp;$1,950&nbsp;per ounce and a MXN/USD foreign exchange rate of 18:1)</li>
<li>After-tax IRR of&nbsp;73%&nbsp;and after-tax NPV (5%) of&nbsp;$492 million&nbsp;at current gold prices of approximately&nbsp;$2,500&nbsp;per ounce and a MXN/USD foreign exchange rate of 18:1</li>
<li>Payback of two years at the base case gold price of&nbsp;$1,950/oz&nbsp;and 1.5 years at current gold prices</li>
</ul>
</li>
</ul>
<ul>
<li>Low initial capital to be internally funded by strong ongoing free cash flow generation at the Mulatos District
<ul>
<li>Initial capital of&nbsp;$165 million&nbsp;to be spent over a two-year period starting mid-2025.&nbsp;Life of mine capital is expected to total&nbsp;$231 million&nbsp;including&nbsp;$66 million&nbsp;of sustaining capital</li>
<li>Low initial capital intensity of&nbsp;$195&nbsp;per ounce produced,&nbsp;or&nbsp;$273&nbsp;per ounce based on total life of mine capital</li>
<li>PDA will benefit from the use of existing crushing and mill infrastructure from Cerro Pelon and Island Gold,&nbsp;supporting lower initial capital and project execution risk</li>
<li>La Yaqui Grande is expected to finance the development of PDA at base case gold prices of&nbsp;$1,950&nbsp;per ounce,&nbsp;following which PDA is expected to generate strong free cash flow. Through the first half of 2024, the Mulatos District generated&nbsp;$120 million&nbsp;of mine-site free cash flow</li>
</ul>
</li>
</ul>
<ul>
<li>Lower execution risk with PDA located within existing operation
<ul>
<li>Experienced team in Mexico with strong track record of building projects on schedule and within budget&nbsp;including La Yaqui Phase I, Cerro Pelon and La Yaqui Grande</li>
<li>PDA will represent the second underground mine developed and operated in the Mulatos District&nbsp;following San Carlos</li>
<li>Lower development and permitting risk with PDA&nbsp;located within the existing operating footprint in the Mulatos District and utilizing existing infrastructure</li>
</ul>
</li>
</ul>
<ul>
<li>Significant exploration upside at PDA and Cerro Pelon
<ul>
<li>Higher-grade mineralization continues to be extended beyond existing Mineral Reserves and Resources at PDA&nbsp;and the deposit remains open in multiple directions, highlighting the potential for further growth</li>
<li>Higher-grade mineralization intersected below the past producing Cerro Pelon open pit which is expected to support an initial underground Mineral Resource with the year-end Mineral Reserve and Resource update to be released in February 2025. Cerro Pelon represents upside as a potential source of additional feed to the PDA sulphide mill that could extend the higher rates of production beyond the first four years of the current mine plan</li>
</ul>
</li>
</ul>

Reported Earlier, Alamos Gold Unveils High-Return Development Plan For Puerto Del Aire With 46% After-Tax IRR And Exploration Upside

Alamos Gold (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGI#NYSE">AGI</a>) has outperformed the market over the past 5 years by 7.64% on an annualized basis producing an average annual return of 21.55%. Currently, Alamos Gold has a market capitalization of $7.99 billion. 
Buying $1000 In AGI: If an investor had bought $1000 of AGI stock 5 years ago, it would be worth $2,653.42 today based on a price of $19.02 for AGI at the time of writing.
<h3>Alamos Gold's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1724873426_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$1000 Invested In This Stock 5 Years Ago Would Be Worth $2,700 Today

Editor&#8217;s name: This story has been updated to correct the spelling of Alamos Gold CEO John McCluskey&#8217;s name. 
Gold mining companies are ramping up <a href="https://www.benzinga.com/m-a/24/08/40309407/gold-fields-acquires-osisko-mining-for-1-57b-secures-control-over-highly-prospective-windfall-projec">M&amp;A activity</a> as record gold prices boost the free cash flow they can use to make deals.
As older mines become depleted and mining costs rise, quickly adding ounces in the ground is tempting, but it also adds the risk of paying too much or having trouble incorporating assets.
In the latest merger in the gold mining sector, Gold Fields Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GFI#NYSE">GFI</a>) said it plans to buy Osisko Mining Inc. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/OBNNF#OTC">OBNNF</a>) for $1.57 billion in cash, giving the acquirer full ownership of the Windfall gold project in Canada.
&#8220;Deposits with the scale and quality of Windfall, combined with a world-class jurisdiction like Québec, are extremely rare," Gold Fields CEO&nbsp;Mike Fraser said in a prepared statement.
Also Read: <a href="https://www.benzinga.com/news/earnings/24/08/40349152/barrick-ceo-on-high-gold-prices-why-he-says-the-miner-is-undervalued-you-get-a-lot-for-free">Barrick CEO On High Gold Prices, Why He Says The Miner Is Undervalued: &#8216;You Get A Lot For Free&#8217;</a>
As gold companies rake in free cash flow from high gold prices, a big question this earnings season has been how they will allocate those funds, Bank of America analysts said in a note. Options include returning money to shareholders with dividends or share buybacks, exploring for gold and developing mines themselves, or buying other miners to bulk up on deposits quickly.
"Depleting resources, declining supply in old mines and the lack of new mines have been inherent threats to the industry," a Zacks Equity Research note said. "Due to the scarcity of discoveries and {exhausting of) existing resources, miners prefer building up reserves through acquisitions rather than digging new ones that are risky and capital-intensive."
On Friday, gold futures hit a record above $2,500 per ounce amid expectations of Federal Reserve rate cuts. The surge in the precious metal boosted gold mining stocks, with the&nbsp;VanEck Gold Miners ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDX#NYSE">GDX</a>) rising 3.08% in Friday afternoon trading, as of last check.
<h1 class="wp-block-heading">A Feeding Frenzy for Assets</h1>
Gold deals last year included Pan American Silver Corp.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAAS#NASDAQ">PAAS</a>) and Agnico Eagle Mines Ltd.'s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AEM#NYSE">AEM</a>) purchase of Yamana Gold Inc. in a $4.8 billion cash-and-stock deal. But the blockbuster was the biggest-ever gold merger when Newmont Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>) bought Newcrest Mining Ltd. for nearly $17 billion.
The Newmont-Newcrest deal is sparking further interest in gold M&amp;A, as Newmont said it intends to sell eight mines, including two it acquired from Newcrest, to help pay down debt and focus on top-tier mines and a two-year share repurchase program.&nbsp;
Newmont CEO Tom Palmer in a recent conference call said 20 parties made bids for its Akyem property in Ghana, and seven of those companies are preparing bids for the second phase of the sale process.&nbsp;
"We're certainly seeing a competitive process and good value coming through," he said.
Meanwhile, the company had 67 parties participate in the first phase of the sales process for its&nbsp;Cripple Creek &amp; Victor, Éléonore, Porcupine, Musselwhite and Coffee mines in Canada. There were "around" 24 bids submitted, he said.
"We've had a range of bids, from a single asset to a bundle of assets to the full portfolio," Palmer said. "And we are busily now having received those bids just in recent days, working through a process of assessing those, and determining, which parties we'll take into Phase 2. There's some very nice competition in that process."
In another example of how M&amp;A begets more M&amp;A, Alamos Gold Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGI#NYSE">AGI</a>) last month closed a $325 million all-stock deal for Argonaut Gold. Assets that Alamos didn't want were spun out and sold to Heliostar Metals Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/HSTXF#OTC">HSTXF</a>) and Integra Resources Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ITRG#NYSE">ITRG</a>).
<h1 class="wp-block-heading">Copper to Continue to Play a Role</h1>
A trend in gold mining has been gold companies accumulating substantial amounts of copper. Copper is often found alongside gold in the earth's crust, and copper mine lives can run into decades, giving gold shareholders the promise of cash flow if gold deposits wane.
Additionally, copper is increasingly attractive to both base and precious metals mining companies as experts estimate demand for the metal will continue increasing as nations electrify their economies. Copper is widely used in wiring and electric vehicle batteries.
One of the reasons Newmont bought Newcrest was the latter's large holdings of copper, as the latter added nearly 50 billion pounds of copper reserves and resources to Newmont's books in one fell swoop.
In 2023, Agnico Eagle bought a 50% interest in a Mexican copper-zinc project from Teck Resources Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TECK#NYSE">TECK</a>).
Meanwhile, Barrick Gold Corp.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GOLD#NYSE">GOLD</a>)&nbsp;is spending nearly $2 billion to expand a copper mine in Zambia and $7 billion to build a copper and gold mine in Pakistan, with new production from both expected to begin in 2028.&nbsp;
John McCluskey, CEO of Alamos Gold, told Benzinga he thinks the largest gold companies will continue to scoop up copper assets as part of a broader decades-long gold M&amp;A trend.
"At the major end, you're going to find that," he said.
Now Read:&nbsp; • <a href="https://www.benzinga.com/government/24/08/40303994/global-gold-demand-hits-record-in-q2-as-investors-push-price-higher" target="_blank" rel="noreferrer noopener">Global Gold Demand Hits Record in Q2 As Investors Push Price Higher</a>
Benzinga Mining is the bridge between mining companies and retail investors. Reach out to&nbsp;<a href="mailto:licensing@benzinga.com" target="_blank" rel="noreferrer noopener">licensing@benzinga.com</a>&nbsp;to get started!
Photo: Underground gold and copper mine. Photo by Jose Luis Stephens via Shutterstock.

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HSTXF

ITRG

OBNNF

PAAS

TECK

Gold Mining M&A Heats Up As Rising Metal Prices Boost Cash (CORRECTED)

Scotiabank analyst Ovais Habib maintains Alamos Gold (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGI#NYSE">AGI</a>) with a Sector Outperform and raises the price target from $20 to $22.

Scotiabank Maintains Sector Outperform on Alamos Gold, Raises Price Target to $22

Alamos Gold (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGI#NYSE">AGI</a>) has outperformed the market over the past 5 years by 7.41% on an annualized basis producing an average annual return of 20.72%. Currently, Alamos Gold has a market capitalization of $7.72 billion. 
Buying $100 In AGI: If an investor had bought $100 of AGI stock 5 years ago, it would be worth $263.70 today based on a price of $18.39 for AGI at the time of writing.
<h3>Alamos Gold's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1723644154_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

If You Invested $100 In This Stock 5 Years Ago, You Would Have $300 Today

Alamos Gold Says Remain Well Positioned To Achieve Full Year Guidance, And Deliver Significant Production Growth, At Declining Costs Over Next Several Years

Alamos Gold (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGI#NYSE">AGI</a>) reported quarterly earnings of $0.24 per share which beat the analyst consensus estimate of $0.18 by 33.33 percent. This is a 60 percent increase over earnings of $0.15 per share from the same period last year. The company reported quarterly sales of $332.600 million which beat the analyst consensus estimate of $268.984 million by 23.65 percent. This is a 27.43 percent increase over sales of $261.000 million the same period last year.

Earnings Beats

Alamos Gold Q2 2024 Adj. EPS $0.24 Beats $0.18 Estimate, Sales $332.600M Beat $268.984M Estimate

Alamos Gold (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGI#NYSE">AGI</a>) has outperformed the market over the past 5 years by 5.14% on an annualized basis producing an average annual return of 18.32%. Currently, Alamos Gold has a market capitalization of $7.02 billion. 
Buying $100 In AGI: If an investor had bought $100 of AGI stock 5 years ago, it would be worth $231.22 today based on a price of $16.72 for AGI at the time of writing.
<h3>Alamos Gold's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1722267058_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$100 Invested In This Stock 5 Years Ago Would Be Worth $200 Today

Scotiabank analyst Ovais Habib maintains Alamos Gold (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGI#NYSE">AGI</a>) with a Sector Outperform and raises the price target from $16 to $20.

Scotiabank Maintains Sector Outperform on Alamos Gold, Raises Price Target to $20

Alamos Gold Inc.&nbsp;(TSX:<a class="ticker" href="https://www.benzinga.com/stock/AGI#TSX">AGI</a>, NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGI#NYSE">AGI</a>) (&quot;Alamos&quot; or the &quot;Company&quot;) today announced that it has entered into a gold sale prepayment agreement (&quot;gold prepayment&quot;) for total consideration of&nbsp;$116 million&nbsp;in exchange for the delivery of 49,384 ounces in 2025. The proceeds of the gold prepayment were used to eliminate gold forward purchase contracts, previously entered into by Argonaut Gold (&quot;Argonaut&quot;), totalling 179,417 ounces in 2024 and 2025 with an average price of&nbsp;$1,838&nbsp;per ounce. The transaction has eliminated more than half of the Argonaut hedge book and associated mark-to-market liability, while providing significantly increased exposure to rising gold prices.
As part of the recently closed acquisition of Argonaut, Alamos inherited Argonaut&#39;s hedge book which included gold forward purchase contracts totaling 329,417 ounces between 2024 and 2027. The average forward prices on the contracts ranged between&nbsp;$1,821&nbsp;and&nbsp;$1,860&nbsp;per ounce (Table 1). The transaction has closed out all of the 2024 and 2025 forward purchase contracts.
To fund the closing out of the hedges, Alamos entered into a gold prepayment agreement on attractive terms given the strong forward gold price environment. Under the terms of the gold prepayment, Alamos received total consideration of&nbsp;$116 million&nbsp;in exchange for the delivery of 49,384 ounces in 2025, settled monthly, based on average forward curve prices of&nbsp;$2,524&nbsp;per ounce. The gold prepayment was executed by Canadian Imperial Bank of Commerce (lead), Bank of Montreal, National Bank of Canada, and ING Capital Markets LLC.
The remaining Argonaut hedge book, inherited by Alamos on the close of the acquisition, consists of forward purchase contracts totaling 150,000 ounces in 2026 and 2027. This is expected to account for less than&nbsp;12%&nbsp;of total consolidated production over that time frame. The Company will continue to review opportunities to unwind the remaining 2026 and 2027 forward purchase contracts.

TSX:AGI

Alamos Gold Secures $116M Deal to Boost Exposure to Rising Gold Prices

Jefferies analyst Matthew Murphy maintains Alamos Gold (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGI#NYSE">AGI</a>) with a Buy and raises the price target from $20 to $21.

Jefferies Maintains Buy on Alamos Gold, Raises Price Target to $21

Alamos Gold (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGI#NYSE">AGI</a>) has outperformed the market over the past 5 years by 9.04% on an annualized basis producing an average annual return of 22.27%. Currently, Alamos Gold has a market capitalization of $6.79 billion. 
Buying $100 In AGI: If an investor had bought $100 of AGI stock 5 years ago, it would be worth $274.20 today based on a price of $17.05 for AGI at the time of writing.
<h3>Alamos Gold's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1720627247_0_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Alamos Gold (AGI) posted record-high production and profitability, exceeding gold production guidance and analysts' expectations in the second quarter of 2024. Taking into account the company's strong market position, outstanding financial performance, and portfolio expansion, should you invest in this stock? Read on to know more... Alamos Gold Inc. (<a href="https://stocknews.com/stock/AGI/">AGI</a>) engages in the acquisition, exploration, development, and extraction of precious metals in Canada and Mexico. The company is based in Toronto, Canada and primarily explores for gold deposits. The company posted operating revenues of $332.60 million, exceeding analysts' estimates of $293.46 million. And its EPS came in at $0.24 for the quarter, higher than the consensus estimate of $0.19.
During the second quarter, Alamos' Gold production exceeded the quarterly guidance of 123,000 to 133,000 ounces and increased by 2.3% year-over-year to 139,100 ounces, and its Gold sales improved 6.8% from the year-ago value to 140,923 ounces. Also, the average realized gold price was $2,336, up from the prior year's quarter value of $1,978.
The company recently updated its three-year production, operating, and capital guidance, raising consolidated gold production by 13% to range between 550,000 and 590,000 ounces from the prior range of 485,000 – 525,000 ounces. Subsequently, the company has raised the consolidated gold production range for 2025 and 2026 to 575,000 – 625,000 ounces and 630,000 – 680,000 ounces.
In the last quarter, AGI also provided an exploration update at Young-Davidson, having intersected a new style of higher-grade gold mineralization from the mid-mine. It also completed the acquisition of Argonaut and acquired Argonaut's Magino mine, located adjacent to Alamos' Island Gold mine in Ontario, Canada. And continued to strengthen its footprint in North American mines with expanding operations.
Further, the company's prospects are robust, backed by high volatility in gold prices touching record highs. <a href="https://www.reuters.com/markets/commodities/gold-breaks-2600-barrier-fed-cut-bets-prolong-historic-run-2024-09-20/">Gold surpassed the $2,600 level</a> during September for the first time, extending the rally. The market was further boosted by recent Fed interest rate cuts and hopes for further U.S. interest rate cuts, coupled with rising tensions in the Middle East.
Amid gold's impressive jump observed through the year, gold seems poised for further gains, and is forecasted to range from <a href="https://www.cbsnews.com/news/gold-price-forecast-for-october-2024/">$2,600 to $2,800 per ounce</a> this year.
John A. McCluskey, President and Chief Executive Officer, said, "Alamos delivered a record performance in the second quarter. Production exceeded quarterly guidance, increasing to a record 139,100 ounces. We also continue to create value through exploration and our various growth initiatives."
"The Phase 3+ Expansion is progressing well, and the integration of Island Gold with our recently acquired Magino mine is well underway. We expect the integration of the two operations to drive substantial synergies and unlock significant longer-term upside potential supported by the broad-based exploration success we are seeing across the Island Gold District."
Shares of AGI have gained 31% over the past six months and 59.7% over the past year to close its last trading session at $19.64.
Let's look at factors that could influence AGI's performance in the upcoming months.
Positive Recent Developments
On September 4, AGI reported new results from ongoing surface exploration drilling within the Mulatos District, emphasizing defining higher-grade mineralization at Puerto Del Aire and Cerro Pelon. It was reported that the 2024 drill program successfully expanded high-grade mineralization beyond the historical drilling in multiple oxide and sulphide zones.
On July 23, AGI reported results from underground and surface drilling at the Island Gold Mine. The exploration drilling continued to extend high-grade gold mineralization across the Island Gold Deposit and within several hanging wall and footwall structures. The findings are expected to drive further growth in high-grade Mineral Reserves and Resources with the year-end update.
Solid Financials
For the second quarter that ended June 30, 2024, AGI's operating revenues increased 27.4% year-over-year to $332.60 million. Also, its earnings from operations increased 56.7% from the prior quarter's quarter to $138.80 million. Its EBITDA rose 29.9% year-over-year to $180.50 million.
Furthermore, the company's adjusted net earnings came in at $96.90 million and $0.24 per share, indicating 63.4% and 60% increases from the prior year's quarter, respectively. AGI's free cash flow grew 73.5% from the year-ago value to $106.90 million.
Also, the company's cash and cash equivalents stood at $313.60 million as of June 30, 2024, compared to $224.80 million as of December 31, 2023.
Impressive Historical Growth
AGI's revenue grew at a CAGR of 8.9% over the past three years, while its <a href="https://www.investopedia.com/terms/e/ebitda.asp">EBITDA</a> improved at a CAGR of 6.4%. Its EBIT increased at a CAGR of 7.5% over the same period, while the company's net income and EPS grew at respective CAGRs of 103.7% and 102.9% over the same time frame.
In addition, the company's tangible book value and total assets increased at CAGRs of 4.1% and 5.8% over the same timeframe, respectively.
Favorable Analyst Estimates
Analysts expect AGI's revenue for the third quarter (ended September 2024) to come in at $367.80 million, indicating an increase of 43.6% year-over-year. The consensus EPS estimate of $0.22 for the same period reflects a 54.4% year-over-year improvement. Moreover, the company topped consensus EPS estimates in all four trailing quarters, which is remarkable.
For the fiscal year (ending December 2024), the company's revenue and EPS are anticipated to grow 30.6% and 54.3% year-over-year to $1.34 billion and $0.82, respectively. In addition, Street expects its revenue and EPS for the fiscal year 2025 to grow 15% and 34.5% from the prior year to $1.54 billion and $1.10, respectively.
High Profitability
AGI's trailing-12-month EBIT margin of 33.43% is 206.6% higher than the 10.90% industry average. Its trailing-12-month net income margin of 17.73% is significantly higher than the industry average of 5.05%. Likewise, the stock's trailing-12-month levered FCF margin of 13.23% is 158.8% higher than the industry average of 5.11%.
Furthermore, the stock's trailing-12-month ROCE, ROTC, and ROTA of 6.72%, 7.92%, and 4.77% are higher than the 5.96%, 4.96%, and 2.40% industry average, respectively.
POWR Ratings Reflect Promise
AGI's solid prospects are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of A, translating to a Strong Buy in our proprietary system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
Our proprietary rating system also evaluates each stock based on eight distinct categories. AGI has an A grade for Sentiment, consistent with its optimistic analyst estimates.
The stock also has a B grade for Growth and Quality, which is in sync with its robust financial performance and higher profitability relative to its peers.
AGI is ranked #8 among the 42 stocks in the B-rated <a href="https://stocknews.com/category/gold-miners/">Miners - Gold</a> industry.
Beyond what I have stated above, we have also given AGI grades for Momentum, Stability, Growth, and Value. Get access to all the AGI ratings <a href="https://stocknews.com/stock/AGI/">here</a>.
Bottom Line
AGI reported impressive production increase in the last reported quarter and with surging gold prices, the market is currently in its favor. Further, the company's long-term prospects appear promising, driven by solid demand, expanding business operations, strategic initiatives, and solid financial performance.
Given AGI's strong financial performance, accelerating profitability, strong market position, and robust growth outlook, it could be wise to invest in this stock.
How Does Alamos Gold Inc. (AGI) Stack Up Against Its Peers?
While AGI has an overall POWR Rating of A, investors could also check out these other stocks within the B-rated <a href="https://stocknews.com/category/gold-miners/">Miners - Gold</a> industry with A (Strong Buy) or B (Buy) ratings: Jaguar Mining Inc. (<a href="https://stocknews.com/stock/JAGGF/">JAGGF</a>), Dundee Precious Metals Inc. (<a href="https://stocknews.com/stock/DPMLF/">DPMLF</a>), and Kinross Gold Corporation (<a href="https://stocknews.com/stock/KGC/">KGF</a>).
For exploring more A and B-rated miners stocks, <a href="https://stocknews.com/category/gold-miners/">click here</a>.
What To Do Next?
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AGI shares were trading at $19.56 per share on Tuesday afternoon, down $0.08 (-0.41%). Year-to-date, AGI has gained 45.90%, versus a 22.99% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Rjkumari Saxena</h2> <img src='https:/wp-content/uploads/2024/04/Rajkumari-Saxena_Image-1.jpeg' style="float:left; padding:5px;width:125px;">Rajkumari started her career as a writer but gradually shifted her focus to financial journalism, leveraging her educational background in Commerce. Fascinated by the interplay of business and economic shifts in equities, she aspires to evolve as an analyst. With a knack for simplifying complex financial concepts, her mission is to empower investors with insights that lead to profitable decisions.<a href="https://stocknews.com/authors/?author=rajkumari-saxena">More...</a>The post <a href=https://stocknews.com/news/agi-jaggf-dpmlf-kgf-should-you-bet-on-alamos-golds-consistent-production-gains/>Should You Bet on Alamos Gold's Consistent Production Gains?</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

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Press Releases

Alamos Gold Continues to Expand High-Grade Mineralization Near Existing Infrastructure Across the Island Gold Deposit Supporting Further Expected Growth in Mineral Reserves and Resources

Alamos Gold Reports Second Quarter 2024 Results

Dividends

Alamos Gold Declares Quarterly Dividend

Alamos Gold Expands High-Grade Mineralization at Puerto Del Aire and Defines Multiple New High-Grade Zones at Cerro Pelon Supporting Significant Upside Potential within the PDA Project

General

Alamos Gold Announces Development Plan for Puerto Del Aire Outlining an Attractive, High-Return Project with After-Tax IRR of 46%, and Significant Exploration Upside

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