Cara Community GSM: Alamos Gold 11-2020

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

https://s24.q4cdn.com/779615370/files/doc_presentations/2020/11/Alamos-Gold-Corporate-Presentation-NOV-7-2020_FINAL.pdf

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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