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Alamos Gold Inc. (AGI)

NYSE - NYSE Delayed Price. Currency in USD
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7.03-0.16 (-2.23%)
At close: 04:00PM EST
7.08 +0.05 (+0.71%)
After hours: 07:06PM EST
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  • K
    Kenneth
    Think today’s release may impact stock negatively in short term. Maybe I am wrong but saying current problems will be fixed in 2023 May make this dead money in 2022. Just my initial thoughts and would like analysis that agrees/disagrees. Thanks
    Neutral
  • J
    Jazenevc
    The market/analysts are excessively concerned about Mulatos. Certainly, the company/management has botched Mulatos transition to new mineral deposit. This is a bad spot on the record. On the other hand, this was already reported in q3 release and this was presented as an issue that will likely stay until new deposit, La Yaqui, comes online by end of 2022. The repetitive reaction to Mulatos issue every quarter is kind of obsessive and, hopefully, it subsides soon.
    The company financial results will look humble enough for next 3-4 quarters. However, gold price looks strong enough and Mulatos bad stretch cannot hurt balance sheet in tangible way. Present macro-environment, approaching stagflation scenario, looks favorable for gold miners too.
  • J
    J
    If anyone wants to understand what happened in this stock yesterday and today, might I suggest the book Reminiscences of a Stock Operator. It is one of the oldest but still arguably the best descriptions of how the Street actually operates. TLDR, I believe the expression is shake-out before the break-out. I could be proven wrong in time, but the price action in silver and gold this week suggests a fundamental change in the pricing of those commodities has finally begun.
  • R
    Roco
    Magino sits on a structure known as the Goudreau Deformation district, running east off of Lake Superior.

    The belt is host to the former Renabie Mine, once a two-million-ounce gold producer for Barrick Gold; Wesdome's Eagle River Mine; and Argonaut's neighbour to the east, Alamo Gold's Island Gold Mine, considered one of the industry's highest grade, lowest cost operations.

    Symons said the exploration evidence suggests that the Archean gold systems within this district contain higher grades at depth. The deeper you go, the better the grades. The proof is the pudding with the high-grade discoveries made and longevity demonstrated at Eagle River and Island Gold.
  • R
    Roco
    Island gold mine which is located literally just 2 miles from Argonaut’s Magino open pit. It’s a n o brainer and take advantage of the Capex sell off!

    Desjardins Says Larger Companies Waiting For Such a Stumble
    Desjardins analyst John Sclodnick lowered his price target on Argonaut shares to $3.50 from $4.25, and maintained a Buy.
    Sclodnick said this capex increase creates a funding gap to complete development that he estimates at US$100 Million.
    "However, with the stock down 25% (on Tuesday) and closing below our DCF value for Magino alone, the valuation remains attractive to both investors and potential acquirers," the analyst said in a note to clients.
    "The M&A market for Canada-based assets is hot, and we believe that a number of larger companies are circling Argonaut and had been waiting and hoping for a stumble on development at Magino," Sclodnick said. "This is potentially the opportunity they were looking for to acquire a long-life asset in Canada, with $342 Million of capital sunk and a highly derisked remaining capital spend."

    RBC said the capex review represents a reset in expectations amid rising inflation experienced industry-wide. RBC estimates a funding shortfall of up to $125M and believe the recent pullback in shares could open the door to opportunistic M&A given near-term production growth and long-term exploration upside at Magino.
  • J
    Jazenevc
    The stock continues performing better than the pack. Barring negative surprises, which unfortunately always possible in mining, Alamos should continue outperforming peers. Fundamentals are still much better here than around the sector.
  • g
    gearig
    If you’re a day trader, you should definitely check out (http://the-alphatrader.com/). They send a watchlist covering the top pre-market movers every day before the open. It’s a great way to pick out potential trades for the day.
  • r
    richard
    Agi good news

    SUDBURY, Ontario, Jan. 11, 2022 (GLOBE NEWSWIRE) -- Manitou Gold Inc. (TSX-V: MTU) (the “Company” or “Manitou”) is pleased to announce commencement of drilling of key targets on the Baltimore deformation zone (“BDZ”) grid as well as additional assay results from drill holes at the recently discovered Bald Eagle gold zone (“BEGZ”) at its 100% owned Goudreau project in northeastern Ontario.
    Highlights:
    The Company has been issued a water crossing permit, which allows new access to its key target area in the BDZ.Bridge construction is nearly complete, the drill rig is on site, and the company is expecting to begin drilling next week.Significant gold mineralization was intersected at the BEGZ in hole MTU-21-59, which returned 3.4 g/t Au over 2.5 m within a wider interval of 27.9 m at 0.6 g/t Au, approximately 250 m down plunge of hole MTU-21-39 which returned 9.0 m at 1.4 g/t, including 2.8 g/t Au over 1.5 m within a wider interval of 22.8 m at 0.9 g/t Au.
    “Our winter drill program, which is set to commence in the coming week, will test the most attractive gold targets recognized at the Goudreau project to date,” stated Richard Murphy, President and CEO of Manitou Gold. “The winter drilling will test several distinct targets in a favourable section of the Baltimore deformation zone within a triple point junction and coincident low angle, crustal scale fault system. These drill targets were derived from the multi-million dollar geotechnical programs completed over a 10 km length of the BDZ in 2021. All drill targets rank as top priority with respect to the geological/structural setting, as well as their geophysical and geochemical signatures.”
  • J
    Jazenevc
    2021 was a difficult year for gold miners. Alamos performed a bit better than the pack, though having own problems in Turkey and Mexico. The main assets, in Canada, performed very well in operating sense.
    Going forward one can expect the stock to continue outperforming the sector while gold mining has a chance for more favorable 2022, based on higher inflation. Mexican issues should subside by end of 2022 or earlier. Lynn Lake approval, expected in summer, can substantially improve the company development profile. If Canadian mines continue performing Ok, then one can expect good year ahead.
    Happy New Year to fellow Alamos shareholders.
  • R
    Roco
    NEWS
    TORONTO, Dec. 20, 2021 (GLOBE NEWSWIRE) — Alamos Gold Inc. (TSX:AGI; NYSE:AGI) (“Alamos” or the “Company”) today announced that it has filed with and received acceptance from the Toronto Stock Exchange (“TSX”), for a Notice of Intention to make a Normal Course Issuer Bid permitting Alamos to purchase for cancellation up to 29,994,398 Class A Common Shares (“Common Shares”), representing 10% of the Company’s public float of the Common Shares as of December 15, 2021, being 299,943,980 Common Shares. As at December 15, 2021, there were 391,962,704 Common Shares issued and outstanding.

    Alamos may purchase Common Shares under the Normal Course Issuer Bid over the next twelve-month period beginning December 24, 2021 and ending December 23, 2022. Any purchases made under the Normal Course Issuer Bid will be effected through the facilities of the TSX, alternative Canadian trading systems and/or the New York Stock Exchange. The maximum number of Common Shares that Alamos may purchase on the TSX on a daily basis, other than block purchase exceptions, is 158,037 Common Shares.
  • J
    Jazenevc
    Upgraded at Zack from Hold to Buy. Price target $8.50.
    Please note, I know that Zack rating is not the most authoritative.
  • J
    Jazenevc
    FWIW. Anti-mining media sources in Mexico continue posting articles, protesting development of Esperanza project. It indicates, indirectly, that Alamos is still trying to push it forward. The project is quite feasible by all accounts except local opposition to mining. It has misfortune to be located in one of very few places in Mexico where mining is not welcome.
  • R
    Roco
    Share buyback 10% of float is awesome news!
  • d
    doug5380
    It keeps revving it's engine and acting like this is it-gonna fly and back to 7.50. Any thoughts on what that is about?
  • J
    Jazenevc
    Good exploration results from Lynn Lake. The area can become a new mining district. If the company is successful in receiving environmental approval, expected in 2022 H1, then the stock will be due for re-rating.
  • R
    Roco
    M & A

    I believe Alamos will be Taken Over in the next 3 months. Especially, if an agreement is reached on Turkey. The Turkish president has been lowering interest rates, even with high inflation - causing the Lira to crash. So, the operation costs would even be way lower than Alamos has anticipated.
  • J
    Jazenevc
    The stock outperformed peers this week. Lynn Lake update was a good reminder of growth profile here. Going forward mining stocks should outperform in high inflation scenario while this stock can continue outperforming peers. Mulatos issues is the only tangible problem at the moment and this is auxiliary by size and temporary anyway. Balance sheet is strong and Canadian mines perform ok.
  • J
    Jazenevc
    It seems Alamos neighbor, Argonaut, got in trouble in Magino. Some considerable cost overruns and schedule slippage, it seems to be. It does not mean, certainly, that Alamos must rush to play white knight. However, this creates some chance, call it long shot. Underground gold resource in Magino is vary close, one can say almost contiguous, to Island Gold mineralization.
  • J
    Jazenevc
    FWIW. Composition of the arbitration tribunal to handle Kirazli dispute was announced on December 3. It includes chair, lawyers representing Alamos and Turkey, and various professional experts.
  • J
    Jerry
    AGI management changes and additions look to be positive.

    https://tinyurl.com/bds25r94
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