Breakdown | ||||
Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
---|---|---|---|---|
Income Statement | Total Revenue | |||
1.35B | 1.02B | 821.20M | 823.60M | 748.10M |
Gross Profit | ||||
595.80M | 385.60M | 212.30M | 289.50M | 272.60M |
EBIT | ||||
561.90M | 318.10M | 144.60M | 235.60M | 227.60M |
EBITDA | ||||
724.40M | 486.40M | 321.20M | 176.14M | 387.90M |
Net Income Common Stockholders | ||||
284.30M | 210.00M | 37.10M | -66.70M | 144.20M |
Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
351.20M | 237.80M | 148.40M | 196.40M | 264.20M |
Total Assets | ||||
5.34B | 4.00B | 3.67B | 3.62B | 3.64B |
Total Debt | ||||
286.60M | 994.88K | 400.00K | 400.00K | 500.00K |
Net Debt | ||||
-40.60M | -224.80M | -129.40M | -172.10M | -220.00M |
Total Liabilities | ||||
1.75B | 1.08B | 953.10M | 885.90M | 785.00M |
Stockholders Equity | ||||
3.58B | 2.92B | 2.72B | 2.74B | 2.85B |
Cash Flow | Free Cash Flow | |||
235.80M | 123.80M | -15.20M | -7.80M | 67.50M |
Operating Cash Flow | ||||
661.10M | 472.70M | 298.50M | 356.50M | 368.40M |
Investing Cash Flow | ||||
-467.10M | -351.80M | -312.70M | -357.10M | -314.10M |
Financing Cash Flow | ||||
-89.40M | -26.00M | -28.40M | -47.30M | -15.60M |
Alamos Gold Inc. announced the sale of its non-core Quartz Mountain Gold Project in Oregon to Q-Gold Resources Ltd. for up to $21 million and a 9.9% equity stake in Q-Gold. This transaction aligns with Alamos’ strategy to monetize non-core assets and focus on high-return growth projects like the Phase 3+ Expansion at Island Gold and the Lynn Lake project. The deal, expected to close in the second quarter of 2025, will allow Alamos to participate in the future success of Quartz Mountain as a significant shareholder, enhancing its industry positioning and providing potential benefits to stakeholders.
Alamos Gold Inc. announced that it will release its first quarter 2025 financial results on April 30, 2025, followed by a conference call on May 1, 2025. Additionally, the company will hold its Annual General and Special Meeting of Shareholders virtually on May 29, 2025. These events will provide insights into the company’s financial performance and strategic direction, potentially impacting its market positioning and stakeholder engagement.
Alamos Gold Inc. announced the completion of its annual filings, including the 2024 annual report and audited financial statements, with the SEC and Canadian securities authorities. This filing marks a significant step in maintaining transparency and regulatory compliance, potentially impacting the company’s operations by reinforcing investor confidence and supporting its market position.
Alamos Gold Inc. announced a quarterly dividend of US$0.025 per common share, continuing its 15-year streak of dividend payments, with $41 million returned to shareholders in 2024. The company also introduced a Dividend Reinvestment Plan (DRIP), allowing shareholders to reinvest dividends into common shares at a 1% discount, enhancing investment opportunities without transaction costs.
Alamos Gold Inc. reported record financial and operational performance in 2024, with a 7% increase in gold production to 567,000 ounces, driven by strong performances at its Mulatos District and Island Gold operations. The company achieved a record free cash flow of $272 million, supported by higher gold prices and cost management, while investing in growth initiatives such as the Phase 3+ Expansion at Island Gold and an extensive exploration program that increased global mineral reserves by 31%.
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.
Alamos Gold has announced development plans for its Burnt Timber and Linkwood satellite deposits, which are set to significantly extend the life of its Lynn Lake project in Canada. The inclusion of these deposits is expected to boost the project’s economics, extending its mine life to 27 years and enhancing long-term production rates with a high after-tax internal rate of return of 54%. This development promises lower costs and higher margins, solidifying Alamos Gold’s position in the industry and offering substantial returns for stakeholders.
Alamos Gold Inc. has received approval from Mexico’s Secretariat of Environment and Natural Resources to amend its environmental impact assessment, enabling the commencement of construction on the Puerto Del Aire project in the Mulatos District. This project is anticipated to significantly extend the mine life of the district with a high-grade underground deposit, offering substantial exploration upside. With initial capital spending planned between $37 to $40 million for 2025, the project is projected to start production by mid-2027, targeting an average annual gold production of 127,000 ounces in the first four years. The economic study suggests a low-cost, high-return venture with an after-tax NPV of $269 million and an IRR of 46% at a base gold price of $1,950 per ounce.