Quarterly UpdatesJun 18, 2026, 05:12 PM
Alamos Gold Lowers Q2 Production Guidance to 130K-135K Oz
AI Summary
Alamos Gold Inc. provided operational updates for its Canadian operations, revising its second-quarter production and cost guidance. Production from Young-Davidson was impacted by seismic events and power outages, leading to a revised Q2 production guidance of 130,000 to 135,000 ounces, a 12% decrease from previous guidance. Consequently, consolidated 2026 production is expected to be below the low end of guidance, with costs above guidance. In contrast, Island Gold District operations are performing well, with increasing mining rates and improved mill throughput. The company also eliminated all remaining 2026 legacy Argonaut gold hedges and repurchased $30 million of shares in May 2026.
Key Highlights
- Alamos Gold revises Q2 production guidance to 130,000-135,000 ounces, a 12% decrease from previous guidance.
- Young-Davidson Q2 production is lower than anticipated due to seismic events and power outages.
- Young-Davidson mining rates are expected to average 5,000 tonnes per day for the remainder of 2026.
- Consolidated 2026 production is now expected below the low end of guidance, with costs above guidance.
- Island Gold District operations are performing well, with underground mining rates exceeding 1,500 tpd.
- Magino mill throughput rates improved to nearly 9,800 tpd in June, targeting 10,000 tpd by Q3.
- Company eliminated remaining 35,000 ounces of 2026 legacy Argonaut gold hedges at $1,821/ounce, costing $92.3 million.
- Alamos repurchased 753,600 shares for $30.0 million ($39.84/share) under its NCIB in May 2026.
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