Topic: How To Invest

Power Growth Investor Hotline – Friday, June 24, 2022

Article Excerpt

ALAMOS GOLD INC., $9.18, 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 a Stock Pickers Digest recommendation. The combined firm owns the Mulatos mine in Mexico, and the Young-Davidson and Island mines in northern Ontario. The Mulatos mine has now transitioned to a new, nearby deposit called La Yaqui Grande. Initial gold production has started at the La Yaqui Grande mine, following the completion of construction this month, ahead of schedule. A total of 991 ounces of gold were produced initially. La Yaqui Grande is expected to produce approximately 3,000 ounces in June. La Yaqui Grande is designed to extend production from the Mulatos open-pit operation by five years to 2027 and is expected to deliver average gold production of 123,000 ounces per year. Like most gold stocks, Alamos is heavily influenced by gold prices. But with cash of $124.2 million U.S. and no debt,…

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