sezer66/iStock via Getty Images
Alamos Gold (NYSE:AGI) (TSX:AGI:CA) reported Q4 and annual 2023 production, meeting the top end of increased production guidance.
Produced a record 529,300 ounces, achieving the top end of revised guidance, which had been increased by 5% in October 2023.
The miner sold 129,005 ounces of gold in Q4 at an average realized price of $1,973 per ounce for revenues of $255M.
FY sales totaled 526,257 ounces of gold at an average realized price of $1,944 per ounce, for record revenues of $1B.
Ended the year with ~$225M of cash and cash equivalents, up from $130M at the end of 2022.
Guidance: Gold production in 2024 is expected to range between 485,000 and 525,000 ounces, a 3% increase from the previous three-year guidance provided in January 2023. 7% growth is expected by 2026.
Total cash costs and AISC per ounce are expected to remain flat in 2024 and decrease by 15% and 11%, respectively, by 2026.
