Alamos Gold

Balance sheet strength is a key positive. Cash was $636.9 million at June 30, 2026. The company reports a $750 million revolver (with $200 million outstanding as of March 31, 2026) that matures in 2029, leaving ample liquidity. 2025 cash flow from operating activities was $795.3 million, and H1 2026 added $474.3 million.

Capex is high due to growth projects, but mine-site free cash flow coverage is strong and management has been reducing hedge-related constraints. Low net leverage, long reserve life, and self-funded growth support resilience through cycles.