Alamos Gold targets about 800,000 ounces of gold production

Alamos Gold really hit its stride this decade, said John McCluskey, president and CEO. In early March McCluskey spoke to Kitco Mining at PDAC 2024 in Toronto, Canada. Alamos (NYSE:AGI) is a Canadian-based intermediate gold producer with diversified production from three operating mines in North America: the Young-Davidson and Island Gold mines in northern Ontario, Canada and the Mulatos Mine in Sonora State, Mexico. The company's growth pipeline includes phase 3+ expansion at Island Gold, and the Lynn Lake project in Manitoba, Canada. Alamos employs more than 1,900 people.In 2024 the company is forecasting 505,000 ounces of gold production at an all-in-sustaining cost (AISC) of $1,150 per ounce. Longer-term production will leap to about 800,000 ounces at $1,025 AISC."We've had just a tremendous run of success," said McCluskey, noting strong performance by the company's Mexico operations in 2023.  "[The company] really hit its stride, and we ended up really exceeding our overall production guidance."Coverage is sponsored by UEC (Uranium Energy Corp.), URC (Uranium Royalty Corp.) and GoldMining. Disclaimer: The views expressed in this podcast are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this podcast do not accept culpability for losses and/ or damages arising from the use of this publication.