- Alamos Gold released its FY2021 Reserve & Resource update earlier this month, reporting another year of reserve growth net of depletion, with continued growth at Island Gold.
- This growth at Island Gold to more than 5 million ounces is despite modest exploration spending and should have a very positive effect on the updated Life of Mine Plan.
- At other operations, Mulatos saw a sharp dip in M&I resources, while Young-Davidson saw continued reserve growth, extending its mine life to 15 years.
- With Alamos trading at a ~25% FY2025 free cash flow yield, and being one of the best growth stories sector-wide, I would view any further weakness as a buying opportunity.
For further details see:
Alamos Gold: Higher Prices Ahead