- Alamos Gold has slid nearly 40% from its highs, but is one of the few gold miners that has not dropped beneath its March 2021 lows.
- The company is preparing to release its Q3 2021 earnings results in the next month, and continues to track well against guidance, with 240,000 ounces produced in H1 2021.
- However, the most exciting news was continued exploration success from Island Gold, with Alamos recently drilling a record intercept of 21.33 meters of 71.21 grams per tonne gold.
- At barely 12x FY2023 earnings estimates and a P/NAV ratio of ~0.70x, I see Alamos as dirt-cheap, and view this correction as a low-risk buying opportunity.
For further details see:
Alamos Gold: A Dirt-Cheap Valuation For This Organic Growth Story