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    AGI   CA0115321089

ALAMOS GOLD INC.

(AGI)
  Report
Delayed Toronto Stock Exchange  -  12:35 2022-08-18 pm EDT
9.980 CAD   +0.60%
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Alamos Gold Announces Phase 3+ Expansion of Island Gold to 2,400 tpd, Driving a Larger, More Profitable Operation with Average Annual Gold Production of 287k oz, Industry Low All-in Sustaining Costs of $576/oz, and a 31% Increase in Net Present Value ("NPV") to $2.0 Billion at $1,850/oz Gold

06/28/2022 | 06:16pm EDT

Alamos Gold Inc. reported results of the Phase 3+ Expansion Study conducted on its Island Gold mine, located in Ontario, Canada. The P3+ Expansion Study outlines a larger, more profitable, and valuable operation than outlined in the Phase III Expansion Study released in 2020 ("P3 2000 Study"). Based on the results of the P3+ Expansion Study, the Company is proceeding with an expansion of the operation to 2,400 tonnes per day. The P3+ Expansion Study has been updated to reflect the current costing environment. All economics, costs and capital referenced in this release for the previous P3 2000 Study are based on estimates as of 2020 and do not reflect industry-wide cost and capital inflation since that time. All amounts are in United States dollars, unless otherwise stated. Phase 3+ Expansion Study Highlights: Higher production: average annual gold production of 287,000 ounces starting in 2026 upon completion of the shaft; This represents a 22% increase from the P3 2000 Study and a 121% increase from the mid-point of 2022 production guidance of 130,000 ounces Industry low costs: consistent cost structure with the P3 2000 Study, with productivity gains and economies of scale offsetting inflation; Average total cash costs of $432 per ounce (average $425 per ounce from 2026), consistent with the P3 2000 Study and 25% lower than the mid-point of 2022 guidance of $575 per ounce; Average mine-site all-in sustaining costs of $610 per ounce (average $576 per ounce from 2026), a 30% decrease from the mid-point of 2022 guidance of $875 per ounce. Larger, longer-life operation supported by significantly increased Mineral Reserve and Resource: 43% increase in mineable resource to 4.6 million ounces of gold grading 10.59 grams per tonne ("g/t Au"); 18 year mine life to 2039, a four year increase from the P3 2000 Study, while operating at 20% higher production rates of 2,400 tpd. Lower capital intensity: lower total capital per ounce over the life of mine: Growth capital of $756 million and sustaining capital of $777 million, both up from the P3 2000 Study reflecting the expansion, a larger mineable resource, and industry-wide inflation; Total capital intensity decreased 4% to $344 per ounce reflecting the larger mineable resource with increased ounces per vertical metre driving the lower capital intensity and contributing to the stronger economics; $100 million of the increase in growth capital compared to the P3 2000 Study reflects sustaining capital that has been brought forward to the expansion period for accelerated underground development and infrastructure to support the higher mining rate; Expansion significantly de-risked given increased detailed engineering, capital committed and projects completed to date, including the majority of earthworks. Stronger economics with expansion and larger mineable resource more than offsetting inflation to create a more valuable operation: After-tax net present value ("NPV") (5%) of $1.6 billion, a 25% increase from the P3 2000 Study (base case gold price assumption of $1,650 per ounce and USD/CAD foreign exchange rate of $0.78:1); After-tax internal rate of return ("IRR") of 23%, up from 20% in P3 2000 Study; After-tax NPV (5%) of $2.0 billion, a 31% increase from the P3 2000 Study, and an after-tax IRR of 25%, at current gold prices of $1,850 per ounce Industry low Greenhouse Gas ("GHG") emission intensity; 35% reduction in life of mine GHG emissions relative to the current operation, supporting the company-wide target of a 30% reduction in GHG emissions by 2030; 31% additional reduction in emissions per ounce of gold produced from industry low levels.


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All news about ALAMOS GOLD INC.
08/17Credit Suisse Lists Precious Metal Miners Impacted By Inflation
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08/17Manitou Gold Says Intend to Spin Out Nickel-Cobalt-PGE Commodities from Goudreau Projec..
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08/17MANITOU GOLD BRIEF : Announcing Intent to Spin Out Nickel-Cobalt-PGE Commodities
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08/08Orford Mining Corporation announced that it has received CAD 2.4 million in funding fro..
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08/05Alamos Gold Announces Appointment of Luc Guimond as Chief Operating Officer
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08/04ALAMOS GOLD : Announces Appointment of Luc Guimond as Chief Operating Officer - Form 6-K
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08/04Alamos Gold Appoints Luc Guimond as Chief Operating Officer; National Bank Reaction
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08/04ALAMOS GOLD BRIEF : Appoints Luc Guimond as Chief Operating Officer Effective September 1,..
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08/04Alamos Gold Announces Appointment of Luc Guimond as Chief Operating Officer
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08/04Alamos Gold Inc. Announces Executive Changes
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Analyst Recommendations on ALAMOS GOLD INC.
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Financials (USD)
Sales 2022 842 M - -
Net income 2022 78,3 M - -
Net cash 2022 109 M - -
P/E ratio 2022 30,0x
Yield 2022 1,30%
Capitalization 3 007 M 3 008 M -
EV / Sales 2022 3,44x
EV / Sales 2023 3,24x
Nbr of Employees 1 900
Free-Float 99,8%
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Number of Analysts 13
Last Close Price 7,68 $
Average target price 10,45 $
Spread / Average Target 36,2%
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Managers and Directors
John A. McCluskey President, Chief Executive Officer & Director
Jamie R. Porter Chief Financial Officer
Paul J. Murphy Chairman
Christopher J. Bostwick Vice President-Technical Services
Adrian Paulse Vice President-Information Technology
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