Quarterly UpdatesJun 18, 2026, 05:01 PM
Alamos Gold Cuts Q2 Production Guidance by 12% to 130K-135K Oz
AI Summary
Alamos Gold Inc. revised its second-quarter production guidance down to 130,000-135,000 ounces, a 12% decrease, and expects full-year 2026 production to be below guidance with higher costs. This is primarily due to seismic events and power outages at its Young-Davidson operation. Conversely, the Island Gold District continues to perform well, with increasing mining rates and mill throughput. The company also eliminated all remaining 2026 gold hedges and repurchased $30.0 million in shares during May.
Key Highlights
- Revised Q2 production guidance to 130,000-135,000 ounces, a 12% decrease from previous guidance.
- Full-year 2026 consolidated production expected below the low end of guidance.
- Full-year 2026 costs expected above guidance due to Young-Davidson operational issues.
- Young-Davidson mining rates impacted by seismic events and power outages, averaging 5,000 tpd.
- Island Gold underground mining rates increased to over 1,500 tpd in Q2, on track for 2,000 tpd.
- Magino mill throughput averaged nearly 9,800 tpd in June, aiming for 10,000 tpd by Q3.
- Eliminated all remaining 35,000 ounces of 2026 legacy Argonaut gold hedges for $92.3 million cash.
- Repurchased 753,600 shares for $30.0 million under NCIB in May 2026.
Price Impact
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