12 Best Gold Stocks to Invest In According to Billionaires

7. Alamos Gold Inc. (NYSE:AGI)

Number of Billionaire Investors: 10

Number of Hedge Fund Holders: 37

With active mines and development projects in Canada, Mexico, and the U.S., Alamos Gold Inc. (NYSE:AGI) is a Canadian gold producer. With billionaire stakes totaling around $368.5 million, the company, which specializes in the discovery, development, and production of gold, is among the best gold stocks to invest in.

Sales of 118,000 ounces of gold at an average realized price of $2,802 per ounce helped Alamos Gold Inc. (NYSE:AGI) produce $333 million in revenue for the quarter that ended March 31, 2025. $53 million in cash taxes were the main cause of the $20 million negative free cash flow, even though adjusted net earnings of $60 million were reported. Prior to working capital adjustments, the business recorded an operating cash flow of $131 million. However, early-year operating difficulties, especially at Magino and Young-Davidson, were reflected in AISC’s earnings of $1,805 per ounce, which was higher than quarterly guidance.

Notwithstanding early difficulties, production reached 125,000 ounces in Q1 2025, with Island Gold producing 59,200 ounces with an average grade of 11.36 g/t. After correcting ore flow difficulties, Magino experienced an improvement in throughput to 9,500 tpd by late April, and by March, Young-Davidson mining rates were back to design levels. Mulatos provided 30,400 ounces, and it is anticipated that grades will rise during the year.

In addition to anticipating a 20% decrease in AISC for Q2, Alamos Gold Inc. (NYSE:AGI) reiterated its full-year production target of 600,000 ounces. The company is financing a number of expansion initiatives, such as the Phase 3+ expansion at Island Gold, which is currently 75% committed and expected to be finished by early 2026, with $290 million in cash and close to $800 million in liquidity. First production is anticipated in 2028 for the Lynn Lake project and 2027 for the PDA project. Alamos plans to increase throughput and make strategic advancements throughout its asset base in order to achieve a 1-million-ounce production profile in the long run.