Topic: How To Invest

Power Growth Investor Hotline – Friday, June 18, 2021

Article Excerpt

ALAMOS GOLD INC., $9.71, is a buy. The gold miner (symbol AGI on Toronto) took its current form in July 2015. That’s when it merged with AuRico Gold, at that time one of our recommendations. The combined firm owns the Mulatos and El Chanate mines in Mexico, and the Young-Davidson and Island mines in northern Ontario. Alamos continues to report positive results from exploration around its 100%-owned Island gold mine. The drilling is aimed at expanding the sites reserves. Island lies 83 kilometres northeast of the community of Wawa in northern Ontario. The property is accessible all year by road. Alamos has budgeted a total of $25 million in 2021 for surface and underground exploration at the Island mine, up from the $13 million it spent in 2020.  Drilling so far this year has been very successful and continues to reveal several high-grade mineral deposits. They include the best drill hole to date—a 21.3-metre drilling section that was graded at a very high…

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