Alamos Gold
🇨🇦 NYSE:AGI
•
Dec 31, 2024
Alamos Gold Q4 2024 Earnings Report
Alamos Gold reported a strong fourth quarter with record revenue and free cash flow growth.
Key Takeaways
Alamos Gold delivered record financial performance in Q4 2024, driven by higher gold production and rising gold prices. Revenue grew 48% year-over-year, and adjusted net earnings reached $103.2 million. Free cash flow totaled $53.5 million, while cash and cash equivalents increased to $327.2 million.
Quarterly revenue reached $375.8 million, a 48% increase from Q4 2023.
Adjusted net earnings rose to $103.2 million, or $0.25 per share.
Gold production totaled 140,200 ounces, aligning with guidance.
Free cash flow reached $53.5 million, driven by strong operational performance.
Alamos Gold Revenue
Alamos Gold EPS
Alamos Gold Revenue by Segment
Forward Guidance
Alamos Gold expects further growth in 2025, driven by increased production and lower costs following the ramp-up at Island Gold and Magino.
Positive Outlook
- Gold production is expected to rise 7% in 2025, reaching 580,000 to 630,000 ounces.
- Costs are projected to decrease due to higher grades and operational efficiencies.
- The Phase 3+ Expansion at Island Gold remains on track for completion in 2026.
- Free cash flow is expected to improve significantly post-expansion.
- Liquidity remains strong with $827.2 million available.
Challenges Ahead
- First-half costs expected to remain at the higher end of guidance.
- Potential impact of geopolitical tariffs remains uncertain.
- Capital expenditures will increase due to ongoing expansion projects.
- Integration of Magino may result in temporary inefficiencies.
- Continued inflationary pressures on mining and processing costs.