Ben Kramer-Miller
Gold & precious metals, macro, research analyst, deep value

Alamos Gold Is Becoming Attractive

Alamos Gold (NYSE:AGI) shares have underperformed the rest of the gold mining sector year to date by 40% using the Market Vectors Junior Gold Miner ETF (NYSEARCA:GDXJ) as a benchmark. However this comes after a strong outperformance, last year, especially towards the beginning of the year.

Last year while gold miners were selling off dramatically and taking huge write-downs Alamos was seen as a best in breed company given its extremely low production costs and strong cash position.

This quickly changed towards the end of last year. Costs at the company's flagship mine--Mulatos--spiked as ore grades declined. Total gold production also declined. This was topped off with Mexico's new mining tax: now the company is reporting...

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