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Alamos Gold Inc. (AGI.TO)

Toronto - Toronto Real Time Price. Currency in CAD
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9.10-0.02 (-0.22%)
At close: 03:59PM EDT
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  • J
    Jazenevc
    Conference call transcript is available. Management was very optimistic practically on all issues. Mulatos transition goes on plan and budget and good amount of new high-grade, high-yield ore already mined. Mulatos operating numbers should already improve in Q2 while full transition to low-cost mining comes in Q3. Canadian mines perform very well, esp. Y-D. Lynn Lake approval goes slower, because of Canadian bureaucracy, but the company is not going to start construction anyway until Island Gold expansion progresses substantially.
    In total, it looks that Q1 was a real low point.
  • J
    Jazenevc
    Dubreiville neighbor, aka Argonaut, got in trouble with money again and, perhaps, someone, aka “market”, got concerned again that Alamos will save them. Perhaps, it caused share underperformance over last 2 days.
  • M
    Market
    Short term, AGI is extremely oversold with the sector.
  • H
    Hawk51168
    John A. McCluskey, President and Chief Executive Officer, stated: “When we first acquired the Island Gold Mine we were aware of its potential. It had 1.8 million ounces of Mineral Reserves and Resources, and through exploration investment we have increased this high-grade deposit to 5.1 million ounces of Mineral Reserves and Resources. By further investing in the Phase III expansion, we will more than double the mine life. This mine will be an economic engine for this region for years to come, and positively impact the closest town of Dubreuilville and surrounding communities.” This is very impressive.
  • J
    Jazenevc
    The company takes 9.9% stake in Aztec Minerals, small company exploring Cervantes gold/copper project, not far from Mulatos mine.
  • J
    Jazenevc
    New presentation, marked as May 2022, posted on the company website. It looks very positive as it expected to be.
  • J
    Jazenevc
    Upgraded to Outperform at National Bank. Price target C$13.
  • H
    Hawk51168
    With POG over $1900, Q1 earning should be very good and only two weeks away.
  • J
    Jazenevc
    It can be expected that new exploration results from Island Gold will be published soon. The earnings release mentions continuing drilling there. This drilling used to produce impressive results. Perhaps, management decides to release them after the report to cheer up investors.
  • J
    Jazenevc
    Earnings report this week. Analyst estimates set low. The company has a good chance to beat them, though forward guidance will be more important.
  • R
    Randy Hundley
    “The addition of a shaft connected to low-carbon intensity grid power in Ontario will support higher mining rates with a smaller mobile fleet of haul trucks resulting in significantly lower diesel consumption. This is expected to drive a 35% reduction in greenhouse gas emissions over the Phase III mine life.”

    Green house gas emissions?? Alamos management thinks CO2 is a green gas. They believe in global warming. Too funny.

    Hey Alamos management, read this and learn something:

    Temperature is a number representative of the sum of the kinetic energies of the molecules in the system. It is essentially Dalton’s Law applied to T rather than P. 

    If a molecule has a small presence in the sample being measured, it therefore will have a small contribution to the overall temperature of that sample. 

    CO2 is present in the atmosphere at 0.03% based on volume. The amount of CO2 produced by man is small fraction of this number.  Thus CO2 makes no significant contribution to the temperature of the planet’s atmosphere.  In other words, if you removed all CO2 from the atmosphere, you would not notice any temperature change.

    Further CO2 is the heaviest molecule in the atmosphere with one insignificant exception. As such, CO2 resides down at the surface. At this location. it can make no contribution to a greenhouse effect.
  • J
    Jerry
    Just in -

    Alamos Gold Announces Significant Permitting Milestone at Island Gold with Filing of Closure Plan Amendment

    Permitting Ontario

    TSX: AGI
    www.alamosgold.com

    Mr. John McCluskey reports:

    All amounts are in United States dollars, unless otherwise stated.

    TORONTO, March 16, 2022 (GLOBE NEWSWIRE) -- Alamos Gold Inc. (TSX:AGI; NYSE:AGI) (“Alamos” or the “Company”) today announced the Closure Plan Amendment for the Island Gold Mine has been filed by the Ontario Government. This represents a significant milestone for the operation, allowing for ramp up of construction activities on the Phase III expansion, including the pre-sink of the shaft which is expected to begin mid-2022.

    As outlined in the Phase III expansion study released in July 2020, the expansion is expected to drive production approximately 70% higher to average 236,000 ounces of gold per year at industry low mine-site all-in sustaining costs of $534 per ounce once completed in 2025. Since the completion of the study, Mineral Reserves and Resources have increased 37% to total 5.1 million ounces of gold as of the end of 2021. This growth will be incorporated into an updated mine plan which is expected to be released mid-2022. The optimized mine plan is also expected to incorporate higher-grade additions in proximity to the planned shaft bottom earlier in the mine life, further increasing the value of the operation.
  • J
    Jazenevc
    Strong gold pricing has been bolstered by bad geopolitics aka Ukraine, and this factor will likely continue long enough; until next US elections for sure. Having gold price about $150/oz higher than it was in 2021 will help a lot to the company financial performance. However, there are still few hurdles that should be cleared to regain positive investment status among peers. In best case scenario for this year, the company should really turnaround Mulatos, get Lynn Lake environmental permit and disclose capex for Island Gold expansion not differing too much from old numbers. All these three points can come in 4-6 months from now and this creates present “accumulate-on-dip” opportunity. This is not a risk-free opportunity, but upside chances look higher than downside.
  • J
    Jazenevc
    It was upgraded today to Buy at Canaccord, after the conference call.
  • J
    Jazenevc
    The only good thing about this quarter is that it has ended and, hopefully, the company will never post again these weak numbers. Hopefully, tomorrow will be a good day for gold sector. The stock will need in some help from the market, taking forward-looking view through present picture.
  • J
    Jazenevc
    Price target raised by National Bank from C$11 to C$13.
  • J
    Jazenevc
    FWIW. Canadian federal government granted approval to Coffee open-pit gold project developed by Newmont. This shows that new open-pit gold mines still have a chance in Canada and improves Alamos perspective to get Lynn Lake approved this year.
  • J
    J
    Love sales of non-core assets, especially those in Mexico.
  • J
    Jazenevc
    Mexico is not the worst place on this planet now. Far from that.
  • a
    aziz
    It’s good for the long term to buy it ?