The Globe and Mail reports in its Friday, Jan. 12, edition that RBC Dominion Securities analyst Michael Siperco has boosted his recommendation for Alamos Gold to "outperform" from "sector perform." The Globe's David Leeder writes in the Eye On Equities column that Mr. Siperco gave his share target a $4 lift to $16 (all figures U.S.). Analysts on average target the shares at $14.60. Mr. Siperco sees opportunities stemming from the development plan for its Puerto Del Aire project at its Mulatos mine in Mexico as well as continuing expansion milestones at its Island Gold mine in Ontario and the potential of its Lynn Lake project in Manitoba. Mr. Siperco says in a note: "We expect a positive update from Mulatos in 1Q24, with a development plan for the PDA underground deposit. We now model a 2ktpd [thousand tons per day] milling operation, $100-million in capex, and initial production at a 100kozpa [thousand ounces per annum] run-rate in 2026, extending mine life through 2034 and driving a 50-per-cent increase in our NPV8-per-cent for Mulatos (15 per cent of NAV). ... We see the stable production, strong track record of execution, organic growth, and exposure to Canada as justifying the current premium to peers."