Alamos Gold (NYSE: AGI) (TSX: AGI) updated 11-17-2020
Market Cap: $3.47 Billion (USD) Share Price: $8.87 (USD)
Shares outstanding: 391,553,000 (395,641,000 Diluted)
Cash: $274.1 M (USD) as of 30 Sept 2020
Debt: Nil
Current operations: Yes
Insider holdings: Low Institutional: 330 hold approx 76%
Website: alamosgold.com
CEO: John A. McCluskey HQs: Toronto, Canada
Q3 highlights:
- Production of 117,100 oz Au, a 49% increase over Q2; AISC (stated) $972 per oz
- GAAP earnings $0.17, Non-GAAP $0.19 per share on revenue of $218.4 Million
- Sold 116,000 oz at an average realized price of $1882 per oz
- Record quarterly free cash flow of $76 Million on higher margins at all operations
- Cash & Equivalents improved by $70 Million in the quarter
- Repaid the $100 Million revolver
- Guidance is 405,000-435,000 oz of gold for full-year 2020
- Construction started on the La Yaqui Grande project (Mexico)
- Phase III Expansion Study of the Island Gold mine was positive. The expansion will start in July
- Increase of dividend in December to an annual rate of $0.08/share
Bottom line:
- A solid, emerging major gold producer with a strong, debt-free balance sheet
- Consistent personal holding with portfolio weighting of +8.4%
- Attractive at current prices
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