Rising output adds appeal to Alamos

Article Excerpt

ALAMOS GOLD, $32.28, is a buy. The company (Toronto symbol AGI; TSINetwork Rating: Extra Risk) (www.alamosgold.com; Shares o/s: 420.1 million; Market cap: $13.6 billion; Dividend yield: 0.4%) reported gold production of 140,200 ounces in the 2024 fourth quarter, up 8.3% from the third quarter of 2024. Meanwhile, in 2024, the company achieved record annual production of 567,000 ounces, up 7% from 2023. Alamos expects 2025 gold production of between 580,000 and 630,000 ounces. The mid-point of the range indicates a 7% year-over-year increase. The company expects its 2027 production to be 680,000 to 730,000 ounces. Alamos Gold is a buy. buy…