Alamos Gold (TSE:AGI) has released an update.
Alamos Gold Inc. has strategically positioned itself for greater financial gains by removing over half of Argonaut Gold’s hedge book, thus increasing exposure to potential rises in gold prices. Through a gold sale prepayment agreement, they obtained $116 million and closed out gold forward purchase contracts set for 2024 and 2025. The company anticipates significant free cash flow growth due to growing production and declining costs, benefiting from the favorable gold market outlook.
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