Topic: How To Invest

Power Growth Investor Hotline – Friday, June 23, 2023

Article Excerpt

ALAMOS GOLD INC., $15.47, is a buy. The gold miner (symbol AGI on Toronto) took its current form in July 2015, when Alamos Gold merged with Stock Pickers Digest recommendation AuRico Gold. The combined firm owns the Mulatos and El Chanate mines in Mexico, and the Young-Davidson and Island mines in northern Ontario. The Mulatos mine has now transitioned to a new, nearby deposit called La Yaqui Grande. Alamos continues to report positive results from exploration around its 100%-owned Island gold mine. The drilling is meant to uncover new reserves at the mine. That site lies 83 kilometres northeast of the community of Wawa in northern Ontario. The property is accessible all year round by road. Alamos has budgeted a total of $14 million in 2023 for surface and underground exploration at the Island mine. The underground exploration drilling program has been expanded from 27,500 metres in 2022 to 45,000 metres in 2023. Drilling so far this year has been very successful and continues…