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Highlights

  • Alamos Gold is advancing its Lynn Lake project, targeting first production in H1 2028 with an average annual output of 176,000 ounces
  • The company’s gross profit jumped 75.4% YoY in Q4 2024, supported by higher stream deliveries from key assets
  • Net earnings surged 324.7% YoY to USD 41.2 million in Q4 2024, backed by higher income and investment gains
  • FY25 gold production is forecasted between 580,000 and 630,000 ounces

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.

Q1 Financial Update

In Q1 2025, AGI's earnings from operations rose 16.3% YoY to USD 94.7 million, driven primarily by higher realized gold prices, despite increased costs of sales. Adjusted EBITDA grew 14.3% YoY to USD 145.4 million, reflecting higher core operating profitability, particularly from Island Gold and Young-Davidson, despite short-term cost inflation. Capital expenditure saw a slight increase, primarily due to Phase 3+ expansion and early-stage development at Lynn Lake and PDA. Adjusted net earnings rose 16.8% YoY, supported by a healthy core mine economics.

Recent Business Update

In April 2025, a binding agreement was announced for the sale of the option to acquire full ownership of the non-core Quartz Mountain Gold project in Oregon to Q-Gold Resources Ltd. The deal involves total consideration of up to USD 21 million, along with a 9.9% equity stake in Q-Gold. The transaction is anticipated to be completed in the second quarter of 2025.

Company Outlook

For FY25, management expects gold production to range between 580,000 and 630,000 ounces.

Top 10 Shareholders

The top ten shareholders collectively hold approximately 30.73% of the company’s total shares. Van Eck Associates Corporation and The Vanguard Group, Inc. are the largest stakeholders, with ownership stakes of about 10.09% and 3.78%, respectively.

Stock Information

The stock price of AGI has appreciated by around 1.66% and ~26.89% in the past month and past six months, respectively. The stock’s 52-week low and high span from CAD 20.65 to CAD 42.97. As of May 05, 2025, the stock’s closing price is CAD 35.48.

Note 1: Past performance is not a reliable indicator of future performance.
Note 2: The reference data for all price data, currency, technical indicators, support, and resistance levels is May 05, 2025. The reference data in this report has been partly sourced from EODHD/Others.

 Technical Indicators Defined

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Resistance: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Resistance 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Resistance 2 may act as the crucial resistance level for the stock.