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Alamos Gold ( (TSE:AGI) ) has issued an update.
Alamos Gold Inc. announced a substantial increase in its global mineral reserves by 31%, reaching 14.0 million ounces of gold, largely due to the acquisition of the Magino project and enhanced exploration outcomes at Island Gold. The company’s strategic moves, including the expansion of mineral reserves and resources, particularly at Island Gold and through the acquisition of Magino, are expected to bolster its long-term gold production capabilities and strengthen its market position, with further expansion plans to be detailed in upcoming studies.
More about Alamos Gold
Alamos Gold Inc. is a Canadian-based company operating in the mining industry, primarily focused on the extraction and production of gold. The company is publicly traded on the Toronto Stock Exchange and the New York Stock Exchange under the symbol AGI, and it emphasizes increasing mineral reserves and resources through acquisitions and exploration success.
YTD Price Performance: 15.78%
Average Trading Volume: 2,205,916
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $9.34B
For detailed information about AGI stock, go to TipRanks’ Stock Analysis page.
