- Alamos Gold released its Q1 results this week, reporting double-digit production growth and record revenue in the quarter.
- The outstanding performance was driven by improved operations at Young-Davidson following the lower mine expansion and record production at Island Gold.
- Given the improving margins and higher production, trailing-twelve-month free cash flow continues to grow, improving to ~$140 million in Q1.
- Given Alamos' very reasonable valuation of less than 0.8x P/NAV despite a strong organic growth profile relative to peers, I would expect any sharp pullbacks to provide buying opportunities.
For further details see:
Alamos Gold: An Outstanding Start To FY2021