David Burrows Alamos Gold Inc AGI-T BUY Aug 20, 2025

This name is further down the food chain. Take a look at the more interesting mid-size players. Still, he's been lightening up on gold. With a strong USD, and interest rates possibly being higher, gold may take a few steps back. So he's waiting to see how things shake out.

Now a $14B market cap, an emerging large-cap company. Likes last year's acquisition of Argonaut. Great organic growth profile of 12% annual compound growth rate in production -- no mid- or large-cap can match that. Negligible geopolitical risk of Canada and Mexico. Yield is 0.4%.

He's bullish on gold. Excellent management. Among the very best reserves, and keeps finding more quality ones.

Likes this name in its space. His guess is that in the next month or so, Trump's going to roll back a lot of stuff and the economy will be better. So areas like gold are going to sell off.

This name continues to work, entire space has been on fire. The kind of chart you want to see. For precious metals, we're approaching negative seasonality (July-October). Will probably see a pullback over next couple of months. If you own, set some risk-control levels. If you want to add, go ahead now but keep some powder dry for later.

Gold bull markets go on for a long time, and this one's driven by central banks. Cashflow generated will continue to rise. Inexpensive. Sector's consolidating right now. 

Great performer. Moved up from small cap to something bigger and more diversified. Still likes it, though there was some disappointment after release of Q1 results. Good portfolio of mines, pretty good organic growth profile. Recent acquisition will be synergistic. Mines are in jurisdictions where not at risk of having rug ripped out from under.

Consolidating due to recent gains, and gold hasn't broken out to new highs (though on the doorstep). Good time to add. Feeling pretty good about upcoming Q2 numbers, as a lot of cost pressures were just issues of timing and should reverse. In the long run, aspiring to be an emerging AEM, either organically or via merger.

He prefers Kinross because it has a little more growth but both are excellent. As to the price of gold he thinks it holds with no big moves higher or lower.

Likes last year's acquisition of Argonaut. Good path to boost production by 11% compounded rate of growth by end of the decade. None of the intermediates or seniors can match this. All in low political risk jurisdictions. Yield is 0.35%.