ALAMOS GOLD $9.33 (Toronto symbol AGI; TSINetwork Rating: Speculative) (604-681-2802; www.alamosgold.com; Shares outstanding: 388.8 million; Market cap: $3.6 billion; Dividend yield: 0.6%) owns the Mulatos and El Chanate mines in Mexico, and the Young-Davidson and Island mines in northern Ontario.
In the three months ended June 30, 2019, lower costs delivered a 27.4% jump in cash flow, to $69.7 million, or $0.18 a share, from $54.7 million, or $0.14, a year earlier (all figures except share price in U.S. dollars). The rise was despite a 1.0% slip in output, with production falling to 125,200 ounces from 126,500. That reflects slightly lower ore grades at Mulatos.
With cash of $183.2 million and no debt, the company has strong speculative appeal. Its prospects for increased production are also good. The shares yield 0.6%.
Alamos Gold is a buy. buy…
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