Saturday, August 2, 2025

Latest

Alamos Gold Meets 2021 Production Guidance With 457,200 Ounces

Alamos Gold Inc. (TSX: AGI) shared on Monday its production results for Q4 and full-year 2021. The mining firm was able to produce 457,200 gold ounces for the year, meeting its revised 2021 production guidance of 455,000 – 495,000 ounces.

The company lowered its full-year guidance in October 2021 from 470,000 – 510,000 gold ounces to account for the reduced guidance from its Mulatos property.

“[The 2021 production results] was driven by strong performances through the year from both Young-Davidson and Island Gold,” said CEO John A. McCluskey. “This offset a challenging year at Mulatos as we work through a transitional phase with higher costs until La Yaqui Grande comes online in the second half of 2022.”

The firm also notched gold sales of $824 million for 2021 from selling 457,517 ounces at an average price of US$1,800 per ounce.

The gold company also released its production and operating guidance for the next three years, highlighted by a “stable production in 2022 with 4% growth expected in 2023.” The increase would be mainly due to an expected uptake in the Mulatos district from a full year of production at La Yaqui Grande.

202220232024
Gold production (ounces)440,000 – 480,000460,000 – 500,000460,000 – 500,000
All-in sustaining costs (per ounce)$1,190 – 1,240$1,075 – 1,175$950 – 1,050
Capital expenditures $290 – 330 million$220 – 260 million$230 – 270 million

Alamos Gold last traded at $8.89 on the TSX.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

AngloGold Buys Another Gold Junior! Augusta Gold Acquired For $197 Million

Another Gold Deal! Aris Mining Sells Assets To McFarlane

Royal Gold Goes Big | $3.5 Billion Sandstorm Acquisition

Recommended

Tsunami Warnings Spread As Largest Quake Since 2011 Hits Russia

Northern Superior Intersects 1.75 g/t Gold Over 65.0 Metres At Philibert

Related News

New Found Gold Hits 124.4 G/T Gold Over 17.7 Metres

New Found Gold (TSXV: NFG) continues to intersect bonanza grade gold at the Keats Zone...

Tuesday, May 4, 2021, 07:46:39 AM

Global Gold ETFs See Jump in Inflows as Low Prices Entice Investors

Gold prices were at their worst in nearly five years in June, falling by almost...

Saturday, July 10, 2021, 05:29:00 PM

Global Gold Demand Drops To 11-Year Low As Consumers And Investors Face Effects Of COVID-19 Pandemic

It appears that gold has lost its lustre for many central banks and investors, causing...

Monday, November 2, 2020, 12:21:57 PM

Treasury Metals Expands Drill Program To 60,000 Metres

Treasury Metals (TSX: TML) this morning announced that it is increasing its 2021 drill program...

Thursday, March 25, 2021, 07:24:19 AM

LBMA Suspends 6 Russian Refiners, Causing Potential Gold Supply Crunch

The London Bullion Market Association, also known as the LBMA, is making headlines this morning...

Monday, March 7, 2022, 11:27:13 AM