Image: Aerial view of Alamos Gold's Young-Davidson mine site in Matachewan, Ontario. Courtesy: Dumas Mining
Investment thesis
The Toronto-based Alamos Gold (AGI) released its first-quarter results on April 29, 2020. The mid-tier gold producer, which owns operating gold mines in Canada (Northern Ontario) and Mexico (Sonora), came up with a production of 110.8K Oz in 1Q'20, which exceeded the top end of guidance. I noticed strong performances at Island Golden and Mulatos with lower results in Young-Davidson. The company voluntarily placed Island Gold on temporary care and maintenance on March 25, 2020.