- Alamos Gold released its Q3 results this week, reporting quarterly gold production of ~104,700 ounces, an 11% decline from the year-ago period.
- Unfortunately, a weaker quarter at the company's Mulatos Mine overshadowed an exceptional quarter at Young-Davidson, but production is expected to improve materially in Q4.
- While the negative free cash flow may disappoint some investors, it's important to note this is mainly a result of the sharp increase in capital expenditures over the past year.
- At less than 12x FY2023 earnings estimates with a much stronger year ahead and with Alamos sporting one of the sector's best organic growth profiles, further weakness should present a buying opportunity.
For further details see:
Alamos Gold: A Softer Quarter In Q3