A round of applause for Alamos Gold (AGI):
In fact, it’s almost a two-year high as the last time AGI traded at these prices was early January 2021. So congrats and kudos to McCluskey, proof that big gold producers can offer good returns to their shareholders even in a tough year for the sector. It pays a quarterly dividend, too.
A question for AGI’s peers: What are your excuses, again?
For those with long and bitter memories, penny stock Patricia’s Island Gold mine was given to Richmont for peanuts, whereupon Alamos later bought Richmont and the high-grade Island Gold mine that never stops giving.
True dat. Slightly more recently, AGI got panned by the chattering classes for overpaying for Young-Davidson when the purchase was announced, these days other CEOs would sell their grandmas to own the thing. McCluskey might not be my idea of preferred dinner company but he runs rings around 95% of his peers.
A double irony in your two posts today is the Renaud Adams was at New Gold because Alamos bought Richmont…Lol!