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Alamos Gold, Inc. (AGI)
:AGI
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Earnings Data
Report Date
Feb 19, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.25Last Year’s EPS
0.12Same Quarter Last Year
Strong Buy
Based on 8 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 01, 2018
|% Change Since: 0.62%
|Next Earnings Date:Aug 01, 2018
Earnings Call Sentiment|Positive
The earnings call presented a strong financial and operational performance with record production and revenue, driven by successful integration and exploration efforts. However, the increased costs and operational challenges, as well as complexities from the Argonaut acquisition, slightly tempered the overall positive outlook.Company Guidance
In the third quarter of 2024, Alamos Gold reported a record production of 152,000 ounces of gold, driven by the acquisition of the Magino mine and strong performances from Island Gold and the Mulatos District. The company maintained its full-year production guidance, which was increased by 13% in September, and is on track to meet its cost guidance with a marginal decrease expected in Q4. Record financial achievements included quarterly revenue of $361 million and cash flow from operations before working capital of $193 million. The integration of Magino is projected to bolster production rates, aiming for 600,000 ounces per year, with a long-term goal of reaching 900,000 ounces annually post-2026, while reducing all-in sustaining costs to below $1,100 per ounce. The Phase III expansion at Island Gold, set for completion in 2026, and the development plan for PDA in the Mulatos District, are anticipated to significantly contribute to future growth and profitability.Record Gold Production and Revenue
Record production in the quarter of 152,000 ounces of gold, supported by strong performances from Island Gold and the Mulatos District. Record revenue of $361 million driven by high gold sales and prices.
Free Cash Flow and Financial Performance
Generated $88 million in free cash flow for the quarter and $219 million year-to-date. Record cash flow from operations before working capital of $193 million.
Mulatos District Performance
Mulatos District delivered $67 million of mine site free cash flow in the quarter and $187 million year-to-date, net of $75 million of cash tax payments.
Exploration Success at Island Gold and PDA
Ongoing exploration success at Island Gold with high-grade intercepts and expected increase in grades. Potential for mineral reserve and resource growth at PDA and Cerro Pelon.
Integration and Optimization of Magino and Island Gold
Successful integration of Magino and Island Gold, with mill throughput increase and future plans to process ore from both sites at a single mill by 2025.
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AGI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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AGI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $19.42 | $19.71 | +1.49% |
| Jul 31, 2024 | $16.98 | $17.32 | +2.00% |
| Apr 24, 2024 | $15.14 | $14.92 | -1.45% |
| Feb 20, 2024 | $11.70 | $11.68 | -0.17% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Alamos Gold, Inc. (AGI) report earnings?
Alamos Gold, Inc. (AGI) is schdueled to report earning on Feb 19, 2025, TBA Not Confirmed.
What is Alamos Gold, Inc. (AGI) earnings time?
Alamos Gold, Inc. (AGI) earnings time is at Feb 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AGI EPS forecast?
AGI EPS forecast for the fiscal quarter 2024 (Q4) is 0.25.
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