Source: Alamos Gold
Investment Thesis
Alamos Gold (AGI) was created on February 21, 2003, from the merger of Alamos Minerals and National Gold. Alamos Gold owns four operating gold mines located in Canada (Northern Ontario) and Mexico (Sonora).
Alamos Gold offers a straightforward, easy-to-follow business model with four producing mines and "a portfolio of six low-cost development projects." Furthermore, the company is showing a solid debt-free balance sheet with total cash of $206 million as of December 31, 2018 ($606 million in total liquidity).
The company owns development projects in Turkey (Kirazli, Agi