CA - Alamos shows record Q4 production and three-year guidance
- Alamos Gold ( NYSE: AGI ) reports Q4 and annual 2022 production , provides three-year production and operating guidance.
- Record quarterly production of 134,200 ounces of gold, a 9% increase from Q3.
- Met 2022 annual production guidance with the strong fourth quarter performance, production of 460,400 ounces was in line with annual guidance and consistent with 2021.
- Record revenues: sold 133,164 ounces of gold in Q4 at an average realized price of $1,741 per ounce for record revenues of $232M. FY sales totaled 456,574 ounces of gold at an average realized price of $1,799 per ounce for revenues of $821M.
- Stronger cash position ended the year with ~$130M of cash and cash equivalents, up from $117M as of September 30, 2022. The company remains debt-free.
- Comments from President and CEO, John A. McCluskey, “With our strongest performance of the year coming in the fourth quarter, including record production, we met full year 2022 production guidance. We also expect to meet cost guidance with a significant decrease in costs in the second half of the year driven by the ramp up of low-cost production from La Yaqui Grande. We expect this trend to continue over the next several years with a 9% increase in production and 5% decrease in all-in sustaining costs in 2023 driven by a full year of production from La Yaqui Grande, and strong ongoing performances at our Canadian operations."
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Alamos shows record Q4 production and three-year guidance