11 Best Gold Mining Companies to Invest in Right Now

Page 5 of 10

6. Alamos Gold Inc. (NYSE:AGI)  

Number of Hedge Fund Holders: 30

Alamos Gold Inc. (NYSE:AGI), headquartered in Canada, is a producer of intermediate gold well-known for its diverse output from three mines in North America, as well as its vast portfolio of growth projects. This category includes the Young-Davidson and Island Gold mines in northern Ontario, Canada, as well as the Mulatos mine in Sonora State, Mexico.

Alamos Gold Inc. (NYSE:AGI) reported on January 14 that its Q4 2024 gold output stood at 140.2 thousand ounces (koz), slightly below the 144.2 koz consensus forecast. Nonetheless, this figure was consistent with the company’s Q4 production forecast. With a production of 38.9 koz, the Alamos’ Mulatos mine continued to surpass expectations. This accomplishment helped to offset the underperformance of the Magino mine, which produced 16.2 koz. Annually, Alamos Gold Inc. (NYSE:AGI) produced 567 koz of gold, just in the middle of the company’s revised projection range of 550-590 koz.

In the third quarter of 2024, Alamos Gold Inc. (NYSE:AGI) achieved sales and production records while financing expansion with strong, sustained free cash flow. Alamos Gold Inc. (NYSE:AGI) sold 145,204 ounces of gold for an average realized price of $2,458, resulting in a record quarterly revenue of $360.9 million.

Page 5 of 10