Back in February, I wrote that Alamos Gold (AGI) shares were positioned for upside even without progress at its Turkish mine Kirazli. Many things have happened since that time, and the stock had significant volatility just like other gold mining stocks. Now it’s time to look at the key catalysts for Alamos Gold.
Q1 2020 Results
In the first quarter, Alamos Gold reported revenues of $176.9 million and loss of $30.5 per share which was driven by deferred income tax expense of $53.1 million. The company generated $56.6 million of operating cash