Quarterly UpdatesJun 23, 2026, 09:17 AM
Alamos Gold Revises Q2 & Full-Year Guidance Downward
AI Summary
Alamos Gold Inc. announced operational challenges at its Young-Davidson mine, including seismic events and power outages, leading to revised second-quarter production guidance of 130,000-135,000 ounces, a 12% decrease. The company now expects full-year 2026 consolidated production to be below the low end of guidance and costs to be above guidance. Despite these setbacks, Island Gold District operations are performing well, and the company eliminated all remaining 2026 gold hedges and repurchased $30.0M in shares.
Key Highlights
- Revised Q2 production guidance to 130,000-135,000 ounces, a 12% decrease from previous guidance.
- Full-year consolidated production expected below the low end of 2026 guidance.
- Full-year costs expected above 2026 guidance due to lower production.
- Young-Davidson mining rates expected to average 5,000 tonnes per day for the remainder of 2026.
- Eliminated all remaining 2026 legacy Argonaut gold hedges (35,000 ounces at $1,821/ounce) for $92.3M.
- Repurchased 753,600 shares for $30.0M at $39.84 per share in May 2026.
- Island Gold District operations continue to perform well, with underground mining rates over 1,500 tpd.
Price Impact
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