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.
|Gold production (ounces)||440,000 – 480,000||460,000 – 500,000||460,000 – 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.