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Alamos Gold ( (TSE:AGI) ) has issued an update.
Alamos Gold Inc. has announced record annual gold production for 2024, achieving a 7% increase from the previous year with a total of 567,000 ounces. The company has outlined a three-year plan projecting a 24% production growth by 2027 at significantly reduced costs, supported by the upcoming Lynn Lake project, which is set to begin construction. This strategic expansion, fully funded and based in Canada, aims to enhance Alamos Gold’s market position with one of the sector’s lowest political risk profiles, backed by an aggressive exploration budget.
More about Alamos Gold
Alamos Gold Inc. is a company operating in the gold mining industry, focusing on the production and exploration of gold. With a market presence on the Toronto Stock Exchange and New York Stock Exchange, Alamos Gold has operations primarily in Canada, emphasizing high-quality, long-life assets with significant growth potential.
YTD Price Performance: 1.30%
Average Trading Volume: 2,332,076
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $8.2B
For a thorough assessment of AGI stock, go to TipRanks’ Stock Analysis page.
