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Alamos Gold (TSX:AGI) Advances Lynn Lake Project, Q4 Earnings Triple on Higher Income and Investment Gains
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Highlights
Alamos Gold Inc. (TSX:AGI) is a precious metals streaming and royalty firm. The company provides investors with exposure to gold and silver through a portfolio of 236 assets, including 17 streaming agreements and 219 royalty interests, primarily located across the Americas and Australia.
The company recently revealed its decision to move forward with the construction of the Lynn Lake project, with initial production slated for the first half of 2028. Over the project's first decade, it is expected to produce an average of 176,000 ounces annually at a first-quartile AISC for mine-site costs. Once operational, Lynn Lake is projected to increase total consolidated production to approximately 900,000 ounces per year, while also helping to drive further cost reductions.
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