Private Investor's questions to Alamos Gold Inc (AGI) leadership • Q4 2024
Question
A private investor questioned the company's dividend policy, suggesting the current $0.10 annual dividend seems understated given Alamos's strong financial performance, cash flow, and positive outlook, and asked when the policy might be reconsidered.
Answer
President and CEO John McCluskey responded that the company's primary focus is executing its aggressive, fully-funded growth profile, which includes major projects at Island Gold, Lynn Lake, and Mulatos, aimed at nearly doubling annual production over the next several years. He stated that management believes shareholders are more focused on the successful execution of this growth plan than on a dividend increase, and therefore, an increase should not be expected in the near future.