Alamos Gold - AGI STOCK NEWS

Alamos Gold (TSX:AGI; NYSE:AGI) has announced the completion of its annual regulatory filings for the year 2024. The company has submitted its annual information form and 2024 annual report on Form 40-F, which includes audited financial statements for the period ending December 31, 2024. These documents have been filed with both the SEC on EDGAR and Canadian securities authorities on SEDAR+.

The documents are accessible on www.alamosgold.com, and shareholders can request free hard copies of these materials.

Alamos Gold (TSX:AGI; NYSE:AGI) has declared a quarterly dividend of US$0.025 per common share, payable on March 27, 2025, to shareholders of record as of March 13, 2025. The company has maintained a consistent 15-year dividend payment track record, having returned $41 million to shareholders in 2024.

The company also highlighted its Dividend Reinvestment Plan (DRIP), which allows shareholders to increase their investment by receiving common shares instead of cash dividends. Under this plan, shares will be issued from treasury at a 1% discount to the prevailing market price. Shareholders interested in participating in the March dividend must complete enrollment by 4:00 pm ET, five business days before the March 13, 2025 record date.

Alamos Gold (AGI) reported record performance for 2024, with gold production reaching 567,000 ounces, up 7% from 2023. The company achieved record free cash flow of $272.3 million while maintaining strong operational metrics across its mines. Full-year revenues hit $1.3 billion, a 32% increase from 2023, driven by increased production and higher gold prices averaging $2,379 per ounce.

The company's operations showed strong performance: Mulatos District produced 205,000 ounces, Island Gold reached 155,000 ounces, and Young-Davidson contributed 174,000 ounces. Total cash costs were $927 per ounce with all-in sustaining costs (AISC) of $1,281 per ounce. The company's mineral reserves increased 31% to 14 million ounces.

Looking ahead, Alamos projects production growth of 7% in 2025 to 580,000-630,000 ounces, with further expansion to 680,000-730,000 ounces by 2027. The company maintains a strong financial position with $327.2 million in cash and recently upsized its credit facility to $750 million.

Alamos Gold (AGI) reported a 31% increase in Global Mineral Reserves to 14.0 million ounces of gold, primarily driven by the Magino acquisition and growth at Island Gold. Island Gold's Mineral Reserves increased 32% to 2.3 million ounces with grades rising 11% to 11.40 g/t Au.

Key highlights include an initial Mineral Reserve at Burnt Timber and Linkwood of 0.9 million ounces, and Magino's Mineral Reserve of 2.0 million ounces. Global Measured and Indicated Mineral Resources increased 50% to 6.6 million ounces, while Inferred Mineral Resources decreased slightly to 7.1 million ounces.

The company plans to release an Island Gold District Life of Mine plan in mid-2025, followed by an Expansion Study in Q4, incorporating significant growth since the Phase 3+ Study. The 2025 global exploration budget is set at $72 million, the largest in company history.

Alamos Gold has announced positive results from an internal economic study of its Burnt Timber and Linkwood satellite deposits near the Lynn Lake project in Manitoba, Canada. These deposits will extend Lynn Lake's mine life from 17 to 27 years, starting production in year 12 with average annual gold production of 83,000 ounces over a 10-year period.

Key highlights include: total cash costs of $1,140 per ounce, low initial capital of $67 million, and a high after-tax Internal Rate of Return of 54% at $2,200/oz gold price (increasing to 83% at $2,800/oz). The project features a 40% increase in combined Mineral Reserves to 3.3 million ounces, with Burnt Timber and Linkwood contributing 940,000 ounces at 0.95 g/t Au grade.

The deposits will utilize existing Lynn Lake infrastructure and processing facilities, with ore being transported 28km to the MacLellan mill. Mining will employ conventional open-pit methods with a waste-to-ore ratio of 2.8:1 and expected gold recovery of 92.7%.

Alamos Gold has received approval for an environmental permit amendment from Mexico's SEMARNAT to begin construction on the Puerto Del Aire (PDA) project in the Mulatos District. The project requires an initial capital investment of $165 million, with $37-40 million allocated for 2025. Production is expected to begin mid-2027.

PDA is projected to produce an average of 127,000 ounces of gold annually in the first four years, and 104,000 ounces over its eight-year mine life. The project boasts mine-site all-in sustaining costs of $1,003 per payable ounce. At a base gold price of $1,950 per ounce, PDA has an after-tax NPV of $269 million and an IRR of 46%. At $2,500 per ounce, these figures increase to $492 million and 73% respectively.

The project shows exploration potential, with PDA open in multiple directions and higher-grade mineralization discovered below the former Cerro Pelon open pit, which could extend production beyond the initial plan.

Alamos Gold (TSX:AGI; NYSE:AGI) has announced it will release its fourth quarter and year-end 2024 financial results after market close on Wednesday, February 19, 2025. The company will host a conference call with senior management on Thursday, February 20, 2025, at 11:00 am ET to discuss the results.

Participants can join via webcast at www.alamosgold.com or through dial-in numbers: (416) 406-0743 for Toronto and International callers, or toll-free (800) 898-3989 for Canada and US callers, using participant passcode 7495836#.

A playback option will be available until March 22, 2025, accessible by dialing (905) 694-9451 or (800) 408-3053 within Canada and the United States, using passcode 4604832#. The webcast will be archived on the company's website.

Alamos Gold reported record annual gold production of 567,000 ounces in 2024, a 7% increase from 2023, meeting their revised guidance. The company projects a 24% production growth by 2027, with costs expected to decrease approximately 10% to between $1,125 and $1,225 per ounce.

The company announced construction of the Lynn Lake project in Manitoba, expected to start production in early 2028, adding approximately 176,000 ounces annually. Fourth quarter 2024 production was 140,200 ounces, with total 2024 revenue reaching a record $1.3 billion from sales of 560,234 ounces at an average price of $2,379 per ounce.

Alamos ended 2024 with approximately $325 million in cash, up from $225 million at the end of 2023. The company maintains a net cash position with $250 million drawn on its credit facility.

Alamos Gold reported new drilling results from its Island Gold Mine, showing high-grade gold mineralization extensions across the deposit. The exploration program, with a $19 million budget in 2024, completed 50,416m of underground exploration drilling and 9,849m of surface drilling.

Notable high-grade intersections include 67.68 g/t Au over 3.61m in Island West and 55.50 g/t Au over 3.87m in Island East. Delineation drilling revealed significant zones including 31.42 g/t Au over 17.87m.

The company expects these results to drive another year of growth in Mineral Reserves and Resources, marking the ninth consecutive year of expansion. The deposit remains open laterally and down-plunge, with new high-grade discoveries in hanging wall and footwall zones suggesting further growth potential near existing infrastructure.