Alamos Gold Q4 Earnings Beat Estimates, Revenues Increase Y/Y

Core Insights - Alamos Gold Inc. (AGI) reported adjusted earnings of 25 cents per share for Q4 2024, surpassing the Zacks Consensus Estimate of 21 cents, and up from 12 cents in the same quarter last year [1][2] - The company achieved record revenues of $376 million in Q4 2024, a 47.6% increase year over year, driven by higher gold prices and sales volumes [2][3] - Gross profit increased by 99% year over year to$ 175 million, with a gross margin of 46.5%, up from 34.5% in the prior year [3] Financial Performance - For the full year 2024, AGI posted adjusted earnings of 81 cents per share, exceeding the Zacks Consensus Estimate of 80 cents, compared to 53 cents in 2023 [5] - Total revenues for 2024 reached $1.35 billion, a 31.6% increase year over year, beating the Zacks Consensus Estimate of$ 1.34 billion [6] - Net cash from operating activities was a record $661 million in 2024, up from$ 473 million in the previous year, with cash and cash equivalents increasing to $327 million as of December 31, 2024 [4] Production Outlook - AGI expects gold production for 2025 to be between 580,000 and 630,000 ounces, indicating a 7% increase at the midpoint from 2024 [7] - For Q1 2025, the company anticipates gold production between 125,000 and 140,000 ounces, with expectations of increased production and lower expenses in the second quarter [8] Stock Performance - AGI's shares have increased by 102.1% over the past year, outperforming the industry growth of 59.2% [9] Peer Comparisons - Royal Gold, Inc. (RGLD) reported adjusted earnings of$ 1.63 per share for Q4 2024, a 72% year-over-year increase, with revenues of $203 million, up 32.7% [12][13] - Barrick Gold Corporation (GOLD) recorded adjusted earnings of 46 cents per share, with total revenues of$ 3.64 billion, a 19.2% increase year over year [14][15]