olivLaw · US equity research
Alamos Gold Inc. AGI
Gold and Silver Ores · SIC 1040 · Vertical: Gold and Silver Ores (SIC 1040)
Alamos Gold Inc. is a Canadian gold mining company with operations and projects in Canada and Mexico, listed on the NYSE and the Toronto Stock Exchange. The official filing for fiscal 2025 describes a growth strategy based on expanding existing mines and developing new projects, which matters for investors and for the communities near its operations.
The AI analysis may be outdated: new filings came after its sources (see the «AI analysis» section).
At the close of 04 Nov 2026, Alamos Gold Inc. (AGI) stock was 30.00 USD (+10.78% on the day), with market capitalisation 12.6 bn USD, P/E 14.3 on diluted EPS of 2.10 USD over the last 12 months, dividend yield 0.31%, beta 0.82, 52-week range 27.08–55.33 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 46.0
- neutral
- Bollinger (20, 2)
- 27.31 – 34.11
- in the lower half of the band · %B 0.40 · band width 22.1%
- SMA 50 / 200
- 33.28 / 37.96
- downtrend (price < SMA50 < SMA200)
- MACD (12, 26, 9)
- -1.28 / -1.11
- MACD below signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | −7.1% | −1.1% | −6.1 pp | — |
| 3 months | −4.1% | −0.5% | −3.6 pp | — |
| 6 months | −28.6% | +4.4% | −33.0 pp | — |
| Year to date | −22.2% | +12.3% | −34.6 pp | — |
| 1 year | −0.0% | +13.5% | −13.6 pp | −9.2% |
| 3 years | +123.4% | +76.4% | +47.0 pp | +144.6% |
| 5 years | +277.8% | +63.7% | +214.2 pp | — |
Price returns, dividends excluded.
Quarterly results
ESEF annual reports carry no quarters: the results are annual (below).
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 0 percentile of its own 7-quarter history (min 18.4, median 25.4, max 112.3; quarters with earnings only).
Fiscal years
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 651.8 m | 683.1 m | 748.1 m | 823.6 m | 821.2 m | 1.0 bn | 1.3 bn | 1.8 bn |
| Revenue YoY | +20.1% | +4.8% | +9.5% | +10.1% | −0.3% | +24.6% | +31.6% | +34.3% |
| Net income | -72.6 m | 96.1 m | 144.2 m | -66.7 m | 37.1 m | 210.0 m | 284.3 m | 885.8 m |
| Net income YoY | −372.9% | unavailable | +50.1% | −146.3% | unavailable | +466.0% | +35.4% | +211.6% |
| Diluted EPS | -0.19 | 0.24 | 0.37 | -0.17 | 0.09 | 0.53 | 0.69 | 2.10 |
| Diluted EPS YoY | −311.1% | unavailable | +54.2% | −145.9% | unavailable | +488.9% | +30.2% | +204.3% |
| net % | -11.1% | 14.1% | 19.3% | -8.1% | 4.5% | 20.5% | 21.1% | 49.0% |
| Free cash flow | -7.6 m | -3.2 m | 122.3 m | 7.9 m | -15.2 m | 123.8 m | 243.5 m | 288.2 m |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 623.1 m USD
- Financial debt
- 200.0 m USD
- Net debt
- -423.1 m USD
- Equity
- 4.4 bn USD
- Total assets
- 6.4 bn USD
- Debt / equity
- 0.04x
- Current ratio
- 2.00x
- ROE
- 22.1%
- ROA
- 15.1%
- FCF margin
- 15.9%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 748.1 m | 823.6 m | 821.2 m | 1.0 bn | 1.3 bn | 1.8 bn | SEC (XBRL)· 26 Mar 2026verified |
| Cost of revenue | 482.0 m | 534.1 m | 608.9 m | 637.7 m | 751.1 m | 809.5 m | SEC (XBRL)· 26 Mar 2026verified |
| Gross profit | 266.1 m ≈ | 289.5 m ≈ | 212.3 m ≈ | 385.6 m ≈ | 595.8 m ≈ | 999.3 m ≈ | SEC (XBRL)· 26 Mar 2026derived |
| Operating income | 227.6 m | 14.9 m | 111.5 m | 318.1 m | 561.9 m | 1.1 bn | SEC (XBRL)· 26 Mar 2026verified |
| Interest expense | 4.3 m | 4.5 m | 5.7 m | 2.5 m | 3.8 m | -6.4 m | SEC (XBRL)· 26 Mar 2026verified |
| Pre-tax income | 218.2 m | 2.3 m | 102.4 m | 293.7 m | 502.2 m | 1.1 bn | SEC (XBRL)· 26 Mar 2026verified |
| Income tax | 74.0 m | 69.0 m | 65.3 m | 83.7 m | 217.9 m | 203.9 m | SEC (XBRL)· 26 Mar 2026verified |
| Net income | 144.2 m | -66.7 m | 37.1 m | 210.0 m | 284.3 m | 885.8 m | SEC (XBRL)· 26 Mar 2026verified |
| Diluted EPS | 0.37 | -0.17 | 0.09 | 0.53 | 0.69 | 2.10 | SEC (XBRL)· 26 Mar 2026verified |
| Weighted average diluted shares | 394.9 m | 392.6 m | 394.5 m | 398.1 m | 410.5 m | 422.7 m | SEC (XBRL)· 26 Mar 2026verified |
| Dividend per share | — | — | — | 0.09 | 0.08 | 0.09 | SEC (XBRL)· 26 Mar 2026derived |
≈ computed by olivLaw from the reported lines of the same year: Revenue − Cost of revenue.
Balance sheet · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 220.5 m | 172.5 m | 129.8 m | 224.8 m | 327.2 m | 623.1 m | SEC (XBRL)· 26 Mar 2026verified |
| Receivables | 34.7 m | 31.1 m | 37.2 m | 53.4 m | 46.7 m | 45.0 m | SEC (XBRL)· 26 Mar 2026verified |
| Inventories | 148.5 m | 199.0 m | 234.2 m | 271.2 m | 232.8 m | 225.4 m | SEC (XBRL)· 26 Mar 2026verified |
| Current assets | 473.4 m | 459.4 m | 441.0 m | 586.0 m | 648.6 m | 1.1 bn | SEC (XBRL)· 26 Mar 2026verified |
| Property, plant & equipment, net | 3.1 bn | 3.1 bn | 3.2 bn | 3.4 bn | 4.6 bn | 5.0 bn | SEC (XBRL)· 26 Mar 2026verified |
| Total assets | 3.6 bn | 3.6 bn | 3.7 bn | 4.0 bn | 5.3 bn | 6.4 bn | SEC (XBRL)· 26 Mar 2026verified |
| Accounts payable | 131.4 m | 157.4 m | 172.7 m | 194.0 m | 233.0 m | 316.1 m | SEC (XBRL)· 26 Mar 2026verified |
| Long-term debt | — | — | — | 0 | 250.0 m | 200.0 m | SEC (XBRL)· 26 Mar 2026verified |
| Current liabilities | 146.9 m | 157.4 m | 181.9 m | 247.9 m | 430.9 m | 567.6 m | SEC (XBRL)· 26 Mar 2026verified |
| Total liabilities | 785.0 m | 885.9 m | 953.1 m | 1.1 bn | 1.8 bn | 1.9 bn | SEC (XBRL)· 26 Mar 2026verified |
| Equity | 2.9 bn | 2.7 bn | 2.7 bn | 2.9 bn | 3.6 bn | 4.4 bn | SEC (XBRL)· 26 Mar 2026verified |
| Shares outstanding at year end | — | — | — | 397.0 m | 420.4 m | 419.9 m | SEC (XBRL)· 26 Mar 2026verified |
Cash flow · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | 368.4 m | 356.5 m | 298.5 m | 472.7 m | 661.1 m | 795.3 m | SEC (XBRL)· 26 Mar 2026verified |
| Capex | 246.1 m | 348.6 m | 313.7 m | 348.9 m | 417.6 m | 507.1 m | SEC (XBRL)· 26 Mar 2026verified |
| Free cash flow | 122.3 m ≈ | 7.9 m ≈ | -15.2 m ≈ | 123.8 m ≈ | 243.5 m ≈ | 288.2 m ≈ | SEC (XBRL)· 26 Mar 2026derived |
| Investing cash flow | -314.1 m | -357.1 m | -312.7 m | -351.8 m | -467.1 m | -356.9 m | SEC (XBRL)· 26 Mar 2026verified |
| Financing cash flow | -15.6 m | -47.3 m | -28.4 m | -26.0 m | -89.4 m | -143.3 m | SEC (XBRL)· 26 Mar 2026verified |
| Dividends paid | 23.9 m | 34.5 m | 35.1 m | 35.3 m | 35.1 m | 39.5 m | SEC (XBRL)· 26 Mar 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
Risk
Valuation
olivLaw classification
Score: 69 / 100
A scoring methodology on indicators and valuation, not investment advice.
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 12.6 bn USD
Key indicators
Coverage and freshness
Score by group
- Valuation47
- Returns43
- Quality63
- Balance sheet100
- Growth100
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 12.62 – 67.68 USD.
Methods computed but outside the aggregate range: Dividend discount (DDM) (a small share of earnings is paid as dividends (capital returns through buybacks): the dividend model does not describe the value and stays outside the aggregate).
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (USD per share)
— — Mid · ▏ Price
Valuation methods
- DCF (discounted cash flow)12.62 – 18.79 (Mid 15.02)WACC 9.2% · starting FCFF 293.4 m USD · terminal value share of EV 74%The WACC × g sensitivity gives the method's bounds; these are not probabilities.Reverse DCF: no growth between −30% and +40% justifies the price
- Peers: EV/EBITDAunavailable · input data missing
- Peers: P/E28.76 – 67.68 (Mid 34.03)17 companies used · median multiple 16.2x · quartiles 13.7x – 32.2xAEM, AG, ARIS, AU, B, CDE, EGO, EQX, FNV, GFI, IDR, KGC, MUX, NAMM, NEM, PAAS, VOXR
- Dividend discount (DDM)outside the aggregate1.24 – 1.66 (Mid 1.42)a small share of earnings is paid as dividends (capital returns through buybacks): the dividend model does not describe the value and stays outside the aggregate
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Neutral profile · Score 69/100
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | 23.7% | 81 (vs peers) | 13% |
| Net margin · Quality | 49.0% | 94 (vs peers) | 8% |
| FCF conversion · Quality | 32.5% | 4 (on a fixed band) | 8% |
| Revenue CAGR 3Y · Growth | 30.1% | 100 (on a fixed band) | 11% |
| EPS CAGR 3Y · Growth | 185.8% | 100 (on a fixed band) | 11% |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | 171.5x | 100 (on a fixed band) | 8% |
| Current ratio · Balance sheet | 2.0x | 100 (on a fixed band) | 5% |
| P/E (TTM) · Valuation | 14.3x | 61 (vs peers) | 13% |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | 2.3% | 29 (on a fixed band) | 11% |
| Shareholder yield (distributions) · Returns | 0.3% | 4 (on a fixed band) | 8% |
| Payout ratio (FCF) · Returns | 13.7% | 100 (on a fixed band) | 5% |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet100/100 · 2/3 factors with a value
- Growth100/100 · 2/2 factors with a value
- Quality63/100 · 3/3 factors with a value
- Returns43/100 · 2/2 factors with a value
- Valuation47/100 · 2/3 factors with a value
Memo
ALAMOS GOLD INC. (AGI). Latest full fiscal year: 2025; data up to 2025-12-31.
Figures computed from the financial statements: revenue 1.8 bn USD in 2025; YoY growth 34.3%; net margin 49.0%; ROE 22.1%.
The estimated value range is 20.69–43.23 USD per share (median of 2 methods, agreement: low); assumptions are illustrative. Against the central value of 24.53 USD, the price of 30.00 USD leaves a potential of -18.2% (value / price − 1) and a margin of safety of -22.3% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
olivLaw score 69/100, methodological classification: neutral profile (score, margin of safety and method agreement together; not a judgement of the right price). Not investment advice.
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- ROIC: 23.7%
- Net margin: 49.0%
- Revenue CAGR 3Y: 30.1%
- EPS CAGR 3Y: 185.8%
- Interest coverage: 171.5x
- Current ratio: 2.0x
- Payout ratio (FCF): 13.7%
What contradicts it
- FCF conversion: 32.5%
- FCF yield: 2.3%
- Shareholder yield (distributions): 0.3%
- The valuation methods diverge
Not assessed (insufficient data or a ratio without meaning): Net debt / EBITDA, EV/EBITDA.
Versus the vertical median
Gold and Silver Ores (SIC 1040) · same industry (4-digit SIC) · compared with 39 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| NEMNewmont Corporation | 122.7 bn | 13.7 | 26.8% | 34.7% | +21.3% | +30% / +194% |
| AEMAgnico Eagle Mines Limited | 91.7 bn | 20.7 | 19.6% | 37.5% | +43.7% | +5% / +242% |
| BBarrick Mining Corp | 67.2 bn | 13.7 | 19.6% | 29.4% | +31.2% | −3% / +128% |
| FNVFRANCO NEVADA Corp | 46.7 bn | 42.0 | 16.3% | 61.0% | +63.7% | +15% / +116% |
| AUAngloGold Ashanti plc | 44.4 bn | 17.0 | 43.1% | 32.1% | +70.8% | +3% / +357% |
| GFIGold Fields Limited | 32.9 bn | 26.6 | 25.7% | 23.9% | +15.6% | −14% / +140% |
| KGCKinross Gold Corp | 25.7 bn | 11.0 | 31.0% | 33.9% | +36.9% | −24% / +264% |
| PAASPan American Silver Corp. | 17.5 bn | 16.2 | 16.8% | 27.1% | +28.4% | −9% / +165% |
| CDECoeur Mining, Inc. | 14.9 bn | 16.0 | 10.3% | 19.2% | +96.4% | −16% / +378% |
| AGIAlamos Gold Inc. | 12.6 bn | 14.3 | 22.1% | 49.0% | +34.3% | −0% / +123% |
| HMYHarmony Gold Mining Company Limited | 10.4 bn | — | — | — | +25.8% | −17% / +163% |
| EQXEquinox Gold Corp. | 8.9 bn | 32.2 | 4.8% | 12.2% | +99.1% | −19% / +106% |
| AGFirst Majestic Silver Corp. | 7.6 bn | 45.3 | 8.0% | 13.1% | +124.3% | +1% / +158% |
| EGOEldorado Gold Corp | 6.7 bn | 13.6 | 12.4% | 27.9% | +37.5% | +7% / +155% |
| CGAUCenterra Gold Inc. | 4.3 bn | — | -4.7% | -7.4% | +28.8% | +61% / +249% |
| ARISAris Mining Corp | 3.2 bn | 38.3 | 7.0% | 8.4% | +81.7% | +12% / +396% |
| NGNovagold Resources Inc. | 2.7 bn | — | -32.8% | — | unavailable | −40% / +45% |
| AAUCAllied Gold Corporation | 2.5 bn | — | -13.8% | -3.9% | +82.3% | −3% / unavailable |
| EXKEndeavour Silver Corp. | 2.1 bn | — | -22.4% | -25.5% | +114.8% | −21% / +259% |
| HYMCHycroft Mining Holding Corporation | 1.6 bn | — | -72.3% | — | −100.0% | +49% / +716% |
| IAUXi-80 GOLD CORP. | 1.2 bn | — | -81.9% | -202.7% | +89.1% | +18% / −15% |
| NEWPNew Pacific Metals Corp. | 952.3 m | — | -2.8% | — | −19.1% | +101% / +181% |
| MUXMcEWEN INC. | 916.1 m | 12.8 | 13.5% | 32.5% | +13.2% | −20% / +94% |
| MTAMetalla Royalty & Streaming Ltd. | 732.0 m | — | -1.7% | -36.1% | +99.6% | +6% / +145% |
| GROYGold Royalty Corp. | 648.9 m | — | -0.7% | -26.5% | +54.5% | −34% / +86% |
1- and 3-year price returns: for AGI from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 19.69 Total return -34% · Per year -34% | 34.66 Total return 16% · Per year 16% | 51.99 Total return 74% · Per year 74% |
| 3 years | 23.36 Total return -21% · Per year -8% | 45.84 Total return 54% · Per year 15% | 74.87 Total return 151% · Per year 36% |
| 5 years | 27.71 Total return -6% · Per year -1% | 60.62 Total return 105% · Per year 15% | 107.81 Total return 263% · Per year 29% |
- Exit P/E± 11.46
- Net margin± 8.02
- Annual revenue growth± 5.98
- Annual dilution± 0.67
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 26 Mar 2026; since then the company filed 6-K (29 Oct 2026), 6-K (30 Sept 2026), 6-K (31 Aug 2026), 6-K (27 Aug 2026), 6-K (30 Jul 2026), 6-K (30 Jun 2026).
In brief
Alamos Gold Inc. is a Canadian gold mining company with operations and projects in Canada and Mexico, listed on the NYSE and the Toronto Stock Exchange. The official filing for fiscal 2025 describes a growth strategy based on expanding existing mines and developing new projects, which matters for investors and for the communities near its operations 1.
SWOT
Strengths
- The company has a portfolio of operations and projects in several jurisdictions, supported by an external audit and internal control reported as effective.
- Listing on the NYSE and the Toronto Stock Exchange provides access to several sources of capital and a broad investor base.
- The filing describes a clear plan to expand existing mines, which could leverage infrastructure already in place.
Weaknesses
- Dependence on the gold price makes financial results sensitive to market cycles and currency movements.
- Development projects are conditional on permits, construction and technical work that can suffer delays.
- Differences between Canadian and US standards complicate direct comparison of resources with other companies.
Opportunities
- Expansion of the Island Gold District and Young-Davidson could increase production volumes if the projects are completed.
- Development of the Puerto Del Aire project and the Halcon target could add resources in the Mulatos District.
- Proceeds from asset sales, including future payments from Q-Gold, could support funding of growth projects.
Threats
- A decline in the gold price could significantly reduce margins and the capacity to fund projects.
- A failure of payments from buyers or an unresolved arbitration with the Republic of Türkiye could affect cash flows.
- Environmental regulation, climate change and operational risks could generate unexpected costs or interruptions.
Risks
- Operational riskshigh
The filing mentions industrial accidents, fires, floods, seismic activity and mine collapses, which can interrupt production.
- Gold pricehigh
Swings in the gold price can directly affect revenues and investment plans, making it a central factor in the company's projections.
- Litigation and arbitrationmedium
The arbitration by the Netherlands subsidiaries against the Republic of Türkiye and possible overdue payments from the Turkish project sale are a source of uncertainty.
- Regulation and permitsmedium
Obtaining and maintaining permits, including approvals for power lines and new projects, can delay development.
- Exchange rates and inflationmedium
Fluctuations in CAD, MXN and USD, together with inflation and tariffs, can raise operating costs.
Investment thesis
What would need to be true (bull case)
- If the expansion projects at the Island Gold District and Mulatos are completed on schedule, the company could increase production and benefit from a diversified asset base.
- Listing on two major exchanges and access to capital could support growth funding, especially if credit conditions remain favourable.
- Proceeds from asset sales, if payments are honoured, could reduce debt and fund development of new projects.
What would break the thesis
- A fall in the gold price could reduce margins and could force the company to postpone investment in growth projects.
- Delays in obtaining permits or completing construction could push back expected revenue from new projects.
- The arbitration with the Republic of Türkiye and possible buyer defaults could affect cash flows and investor confidence.
What to watch
- Progress of the Island Gold District Expansion and Phase 3+ project2027
- Future payments from Q-Gold for Quartz Mountain and achievement of milestonesnext 10-K
- Developments in the arbitration against the Republic of Türkiyenext 10-K
- Status of the permanent camp at Lynn Lake and the Puerto Del Aire project2027
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 26 Mar 2026; since then the company filed 6-K (29 Oct 2026), 6-K (30 Sept 2026), 6-K (31 Aug 2026), 6-K (27 Aug 2026), 6-K (30 Jul 2026), 6-K (30 Jun 2026).
The business
According to the filing with the SEC for the year ended December 31, 2025, Alamos Gold is a foreign private issuer that files annual reports on Form 40-F, and its shares are listed on the NYSE 1. The company's activity involves exploring, developing and operating gold mining properties, and the documents incorporated by reference detail operations at the Island Gold District, the Young-Davidson mine, the Mulatos District and the Lynn Lake project 1. The external auditor is KPMG LLP, which also issued an opinion on internal control over financial reporting as of December 31, 2025 1.
The company reports under Canadian rules, so its mineral reserves and resources are estimated under NI 43-101, which differs from the US Regulation S-K 1300 standards 1. This means resource data may not be directly comparable with those of US companies in the sector 1.
Segments
Island Gold District and Young-Davidson
The Island Gold District includes the Expansion Study and the Phase 3+ Expansion Project, while Young-Davidson contemplates completing a fourth ore pass and a possible mill expansion 1. Both activities depend on the success of development work and on the required approvals 1.
Market context
The filing shows that the gold market and the gold price are central factors in the company's projections, alongside CAD, MXN and USD exchange rates and inflation 1. Alamos Gold operates in a cyclical sector where gold price swings and energy costs can quickly change margins 1.
The company is listed on the NYSE and the Toronto Stock Exchange, so it is subject both to SEC rules for foreign issuers and to Canadian rules, including TSX rules on share issuance approvals 1.
Trends
- Gold pricemixed
The gold price remains a major variable for the company's projections and project budgets; a favourable move could support cash flow, while a decline could reduce margins 1.
- Inflation and input costsheadwind
The filing mentions the impact of inflation and tariffs on operating costs, including fuel, energy and labour, which can pressure costs 1.
- Environmental and climate policyheadwind
The company notes rising costs and risks related to climate change and compliance with environmental laws, which could influence investment plans 1.
- Financing growth projectstailwind
Developing growth projects depends on available capital and global credit conditions, and easier access to financing could accelerate expansions 1.
Competitive position
The filings do not include a detailed competitive analysis, but they acknowledge that the gold industry is competitive and that asset values depend on estimated future cash flows 1. The company indirectly compares its project performance with other Canadian and US mining companies, without naming them in the source 1.
Differences in reporting against US companies, including how resources are estimated, can make direct comparison of reserves with peers difficult 1.
- Canadian and US gold miners
The source does not name competitors; only US companies subject to S-K 1300 rules are mentioned, without names.
- Companies with assets in Mexico
The company operates in Mexico, where competition for land and personnel is relevant, but the source does not identify these companies.
- Exploration project operators in Canada
The Qiqavik and Lynn Lake exploration projects compete for funding and resources, though the source does not list other companies.
- Buyers of mining properties
Sales of assets to third parties, such as Quartz Mountain, show an active market for properties, with no other names in the source.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
Loading the links…
News & filings
In the press
- Los Alamos bets on ENIAC: Nuclear Monte Carlo simulations, 1947–1948 (2014) [pdf]Hacker News · 30 Sept 2026 · EN
- Black Hole of Los Alamos Seller of surplus nuclear research materialsHacker News · 02 Sept 2026 · EN
- Black Hole Museum: A New Idea for the Los Alamos Community (2025)Hacker News · 02 Sept 2026 · EN
- A Selection of Los Alamos Rolodex Business CardsHacker News · 31 Aug 2026 · EN
- Alamos Gold Rejects Buyout SpeculationBloomberg Markets · 22 Jun 2026 · EN
- Alamos Gold Shares Plunge on Output Cut After Earthquake at MineBloomberg Markets · 19 Jun 2026 · EN
- A 1955 Los Alamos computer experiment changed our understanding of chaosHacker News · 19 May 2026 · EN
The latest news item in our archive is from 30 Sept 2026; the newest SEC filing is from 29 Oct 2026. The press archive comes from the RSS feeds we follow and does not necessarily cover the latest event — the filings alongside do.
SEC filings
- Current report (foreign issuer)29 Oct 2026
- Current report (foreign issuer)30 Sept 2026
- Current report (foreign issuer)31 Aug 2026
- Current report (foreign issuer)27 Aug 2026
- Current report (foreign issuer)30 Jul 2026
- Current report (foreign issuer)30 Jun 2026
- Current report (foreign issuer)23 Jun 2026
- Current report (foreign issuer)22 Jun 2026
- Current report (foreign issuer)18 Jun 2026
- Current report (foreign issuer)28 May 2026
Sources
- [1] Form 40-F, fiscal year ended 2025-12-31 · SEC / Alamos Gold Inc. · 26 Mar 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.