12 Most Promising Gold Stocks According to Hedge Funds

6. Alamos Gold Inc. (NYSE:AGI) 

Number of Hedge Fund Investors: 30

Alamos Gold Inc. (NYSE:AGI) is a Canadian-based intermediate gold mining company that operates the Young-Davidson, Magino, and Island Gold mines in northern Ontario, Canada, and the Mulatos mine in Sonora State, Mexico. In July, Alamos Gold Inc. (NYSE:AGI) completed the acquisition of Argonaut Gold, which brought the Magino mine into its portfolio.

Alamos Gold Inc. (NYSE:AGI) is now focused on the integration of Magino with the existing Island Gold mine, which is expected to create one of Canada’s largest, and most profitable gold mines. The combined operation is anticipated to significantly boost the company’s production capabilities, with the potential to process ore from both mines through a centralized mill. The company is also advancing the construction of a new shaft, paste plant, and haul road to connect Island Gold with the Magino mill, which will further enhance operational efficiency and reduce costs. Additionally, the Magino mill is being expanded to process up to 12,400 tonnes of ore per day, supporting the increased production from both mines.

Alamos Gold Inc. (NYSE:AGI) is heavily investing in the expansion and optimization of its existing mines to increase production and reduce costs. A significant focus is on the Phase III expansion at Island Gold, which is expected to be completed in the first half of 2026. This expansion will increase the mine’s production capacity to approximately 700,000 ounces of gold per year and lower all-in-sustaining costs to approximately $1,150 per ounce.  Alamos Gold Inc. (NYSE:AGI) is also focusing on exploration to expand its mineral reserves and resources. In Q3, the company allocated its largest exploration budget to date, focusing on high-potential targets within its existing districts.