Image: Island Gold, Ontario. Source: Mining Journal
Investment thesis
The Toronto-based Alamos Gold (AGI) released its second-quarter results on July 30, 2020. The small gold producer posted a weak production of 78.4K Oz in 2Q'20.
It was not a surprise to see production down significantly this quarter. We knew already that the miner was affected by disruptions due to the COVID-19 pandemic.
The investment thesis is still the same this quarter again. The company shows an excellent balance sheet with no net debt and good potential for growth, as I will indicate below.