- Alamos Gold's (AGI -1.2%) unusually low costs mean it's less affected by lower gold prices, which may explain why it's the best performing gold stock since the metal entered a bear market in April.
- All-in sustaining costs at its only operating mine, Mulatos in Mexico, are expected at $785-$825/oz., ~23% less than the average $1,046 forecast by the three biggest Canada-based producers.
- CEO John McCluskey says he would "rather be a highly profitable medium-sized producer than a very high-cost large producer," as he aims to ramp production up to 500K-600K oz. and sustain it from a number of operations.
Alamos Gold's low costs enable shares to flourish while others flounder
Aug 29 2013, 10:35 ET