You will benefit from their growth moves

Article Excerpt

Long-time readers know that we keep you informed of important news about the stocks we cover. That means highlighting developments and plans that promise to brighten prospects for investors. Here are two buys that stand out this month: ALAMOS GOLD, $9.35, is a buy. Through the shares (Toronto symbol AGI; TSINetwork Rating: Speculative)(www.alamosgold.com; Shares outstanding: 392.0 million; Market cap: $3.6 billion; Dividend yield: 1.4%) investors tap into the company’s Mulatos mine in Mexico, and the Young-Davidson and Island mines in northern Ontario. In 2021, Alamos’ gold production rose 7.1%, to 457,200 ounces from 426,800 in 2020. Higher output at the Young-Davidson and Island mines offset lower production at Mulatos. Mulatos is transitioning to a new, nearby deposit called the La Yaqui Grande project. And looking forward, La Yaqui Grande is scheduled to begin production later this year. Like most gold stocks, Alamos is heavily influenced by gold prices. But with cash of $211.4 million U.S. and no debt, the company has strong speculative appeal. Its prospects…