Quarterly ResultJul 30, 2026, 04:01 PM
Alamos Gold Q2 Production 130.6K Oz; Lowers FY Guidance
AI Summary
Alamos Gold reported strong second quarter 2026 financial results, with gold production of 130,600 ounces and revenues of $594.1 million. However, the company revised its full-year 2026 production guidance downwards to 510,000-560,000 ounces and increased cost guidance due to lower expected mining rates at Young-Davidson following a seismic event, and increased labor and contractor costs. Despite the revised guidance, Alamos generated significant free cash flow and continued to invest in growth projects and shareholder returns.
Key Highlights
- Full-year 2026 gold production guidance lowered to 510,000-560,000 ounces.
- Full-year 2026 total cash cost guidance increased to $1,175-$1,275 per ounce.
- Full-year 2026 AISC guidance increased to $1,775-$1,875 per ounce.
- Q2 2026 gold production was 130,600 ounces, meeting revised quarterly guidance.
- Q2 2026 net earnings were $270.4 million, or $0.64 per share.
- Q2 2026 operating revenues increased 36% to $594.1 million.
- Generated $143.5 million in free cash flow in Q2 2026.
- Repurchased 1,401,100 shares for $50 million and paid $17 million in dividends.
Price Impact
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