Quarterly ResultJul 29, 2026, 05:02 PM
Alamos Gold Q2 Net Earnings $270.4M; Lowers 2026 Production Guidance
AI Summary
Alamos Gold Inc. reported strong financial results for Q2 2026, with net earnings of $270.4 million and revenue up 36% year-over-year. The Island Gold District delivered record production, contributing to 130,600 ounces of gold produced in the quarter. However, operational challenges at Young-Davidson due to a seismic event and slower recoveries at Mulatos led the company to lower its full-year 2026 production guidance and increase cost guidance. Despite these revisions, Alamos Gold generated significant free cash flow and continued to advance key growth projects, expecting stronger production and lower costs in 2027 and aiming to double production by 2030.
Key Highlights
- Q2 2026 net earnings were $270.4 million, or $0.64 per share.
- Q2 2026 revenue increased 36% year-over-year to $594.1 million.
- Q2 2026 gold production was 130,600 ounces, up 5% from Q1.
- Full-year 2026 production guidance lowered to 510,000-560,000 ounces.
- Full-year 2026 all-in sustaining costs (AISC) guidance increased to $1,775-$1,875 per ounce.
- Q2 2026 free cash flow was $143.5 million.
- Returned $67 million to shareholders in Q2, including $50 million in share buybacks.
- Island Gold District achieved record Q2 production of 67,500 ounces.
Price Impact
More from AGI