Dino's Bar & Grill Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Dino's Bar & Grill

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Goose94 who wrote (90171)	7/16/2020 7:00:34 AM
From: Goose94	Read Replies (1) of 203358

Alamos Gold (AGI-T) that $514-million expansion of its Island Gold mine in Northern Ontario will increase production while taking the cost per ounce of producing gold to industry leading lows, Alamos Gold saying that its decision to proceed is based on a study of several options that concluded the best path forward was to implement a mill upgrade and shaft expansion to increase ore extraction to 2,000 tonnes per day from the current 1,200 tonnes by 2025. Despite target price upgrades by analysts who watch the company, Alamos shares traded lower Wednesday. Stifel GMP said the expansion is a "low risk, low operating cost project" that would make sense even if gold prices were lower than the current $1,800 range. Stifel raised its target share price to $20 from $15. "With these new growth plans in place at Island Gold, Alamos Gold has further enhanced its organic growth trajectory with Island Gold projected to grow production by about 72 per cent, solidifying its place as a standout amongst the intermediate producers," said CIBC in a report to investors. It increased its price target from $14 to $18 per share.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next