Gold stocks’ autumn rally 2024

The company is optimistic about the potential of its Red Lake assets in the storied gold district of northern Ontario.

Mineralization was extended over a 895-metre interval grading 0.26% copper and 0.32 g/t gold.

Alamos has budgeted $19 million for exploration at Island Gold in 2024.

Local gold prices hit their lowest level in more than three months after the announcement.

The new results are highlighted by another high-grade interval of 6 metres at 5.31 g/t gold.

Spot bullion traded just under $2,400 an ounce, erasing earlier gains.

The iron oxide-copper-gold project is located near Vale's Salobo operations and Ero’s Tucumã project.

The resource totalled 909 million tonnes grading 0.53% copper equivalent in the measured and indicated categories.

The only step remaining to create a 400,000+ ounces-per-year gold miner in Western Australian is Canadian court approval.