NYSE$AGI

Alamos Gold Inc · Q4 2024 earnings

Q4 2024 earnings · · After market close · Investor relations

Briefing

Alamos Gold reported a strong fourth quarter with record revenue and free cash flow growth.

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.

Headline financials

Total Revenue

$376M

Previous: $255M+47.6%
EPS (adj)

$0.25

Previous: $0.12+108.3%
Gold production

140.2K

No prior period
Gold sales

141.3K

No prior period
Cost of sales

$201M

No prior period
Free cash flow

$53.5M

No prior period
Adjusted EBITDA

$207M

No prior period
Avg realized gold price

$2.63K

No prior period
Total cash costs/oz

$981.00

No prior period
AISC per ounce

$1.33K

No prior period
Island Gold AISC

$1.34K

No prior period
Young-Davidson AISC

$1.19K

No prior period
Mulatos AISC

$1.2K

No prior period
Capital expenditures

$139M

No prior period
Cash flow from ops

$192M

No prior period
Net Income

$87.6M

Previous: $47.1M+86.0%
Operating Income

$158M

Previous: $68.6M+130.9%
Gross Profit

$167M

Previous: $85.8M+94.8%

Revenue & EPS history

Alamos Gold · Revenue · Quarterly

$376M

Q4 2024+47.6%vs Q4 2023
Beat estimate in 4 of 12 quarters(33%)
ActualEstimate

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.

Tailwinds

  • 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.

Headwinds

  • 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.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2024

Historical avgQ4 2024

+0.0%

Avg return

Earnings day

+0.6%

Avg return

5 days after

+0.9%

Avg return

30 days after

54%

31 / 57 earnings

Positive

+9.4%

Q2 2022

Best reaction

-15.7%

Q3 2016

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2025+4.9%+15.6%-12.5%
Q3 2025-2.6%-5.8%+17.7%
Q2 2025-4.3%+3.4%+20.0%
Q1 2025-9.8%-4.5%-9.2%
Q4 2024+2.6%+2.0%+15.1%
Q4 2023-2.7%-2.3%-5.4%
Q3 2023-2.9%-1.3%+6.0%
Q2 2023-5.1%-0.7%-2.8%
Q1 2023+0.4%+1.7%-3.4%
Q4 2022-1.5%-0.1%+15.5%
Q3 2022+5.0%+1.8%+24.0%
Q2 2022+9.4%+11.3%+8.6%
Q1 2022+1.6%-1.2%-1.2%
Q4 2021+0.1%+2.1%+15.8%
Q3 2021-4.5%-7.7%-4.0%
Q2 2021+2.1%+1.5%+0.4%
Q1 2021-0.4%+2.4%+10.3%
Q4 2020+0.7%-4.4%+5.3%
Q3 2020+3.3%+7.0%-7.0%
Q2 2020-9.0%-8.7%-10.4%
Q1 2020-1.3%+2.1%-1.0%
Q4 2019+6.8%+9.0%-30.0%
Q3 2019+6.5%+5.9%+11.0%
Q2 2019+4.4%+12.2%+3.5%
Q1 2019-7.1%-4.5%+4.7%
Q4 2018+0.2%+1.2%+8.9%
Q3 2018-3.0%-2.5%-19.3%
Q2 2018+0.4%-3.7%-19.2%
Q1 2018+2.2%-0.6%+2.6%
Q4 2017-4.9%-5.2%+0.9%
Q3 2017+1.9%-0.3%+1.1%
Q2 2017+8.9%+8.1%+18.4%
Q1 2017-4.2%-5.8%+0.4%
Q3 2016-15.7%-7.6%-19.5%
Q2 2016-1.6%-0.2%-13.4%
Q1 2016-3.3%
Q4 2016+0.8%
Q3 2015-6.1%
Q2 2015+3.7%
Q1 2015+5.2%
Q4 2014-1.9%
Q1 2014-2.0%
Q4 2013-6.2%
Q3 2013+7.4%
Q4 2012+8.4%
Q1 2013+8.4%
Q3 2012+3.5%
Q2 2012+2.1%
Q1 2012+2.5%
Q4 2011+5.8%
Q3 2011+1.7%
Q2 2011-1.1%
Q1 2011-3.6%
Q4 2010+0.4%
Q3 2010-3.2%
Q2 2010-5.3%
Q1 2010+2.2%

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