ALAMOS GOLD INC

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.

Alamos Gold Inc. reported new high-grade gold mineralization results from exploration drilling at its Island Gold District. Discoveries include a new zone 250m west of existing reserves, extended mineralization in the Island West up-plunge area, and high-grade intersections in NS1 and NS4 zones. Regional drilling also confirmed high-grade gold at the past-producing Cline-Pick and Edwards mines. The company plans a $43 million exploration program in 2026 to further define these new sources of higher-grade mill feed for the expanded Magino mill, aiming for increased production.

Alamos Gold Inc. reported new high-grade gold exploration drilling results from its Island Gold Mine and regional targets. Discoveries include a new zone 250-500m west of existing reserves (Island Gold West Extension) and extensions in the Island West up-plunge area, which can be mined via ramp. Regional exploration at the past-producing Cline-Pick and Edwards mines also continues to intersect high-grade gold, all targeted as sources for the expanded Magino mill. The company has budgeted $43 million for exploration in 2026, up from $24 million in 2025, with a focus on defining new reserves and resources.

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.

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.

Alamos Gold Inc. announced the results of its Annual General Meeting of Shareholders held on May 28, 2026. Shareholders approved all proposed resolutions, including the election of all 11 nominee directors, the re-appointment of KPMG LLP as the company's auditor, and the advisory resolution on the company's approach to executive compensation. A significant 78.39% of total shares issued and outstanding were voted at the meeting.

Alamos Gold Inc. announced the voting results from its Annual General Meeting of Shareholders held virtually on May 28, 2026. All eleven nominee directors listed in the management proxy circular were successfully elected. Shareholders also approved the re-appointment of KPMG LLP as the company's auditor and authorized the directors to fix their remuneration. Additionally, the non-binding advisory resolution approving the company's approach to executive compensation was passed.

Alamos Gold Inc. announced a quarterly dividend of US$0.04 per common share, payable on June 25, 2026, to shareholders of record on June 11, 2026. Additionally, the company repurchased 753,600 shares for $30.0 million in May 2026 under its Normal Course Issuer Bid. Including the upcoming dividend, Alamos Gold has returned $63.6 million to shareholders thus far in 2026, continuing its 17-year history of returning capital, totaling $510 million.

Alamos Gold Inc. announced multiple management appointments and promotions to strengthen its senior leadership team. James Clark joins as Vice President, Canadian Operations, bringing extensive leadership experience. Marcelo Martinez was promoted to Vice President, Mexico Operations, while Scott R.G. Parsons and Adrian Paulse were promoted to Senior Vice President of Exploration and Information Technology, respectively. These strategic changes are intended to support the company's organic growth initiatives and its long-term goal of producing one million ounces of gold annually by 2030.

Alamos Gold Inc. announced multiple management appointments and promotions to strengthen its senior leadership team. James Clark joins as Vice President, Canadian Operations, bringing over 20 years of leadership experience from Barrick Gold. Marcelo Martinez was promoted to Vice President, Mexico Operations, Scott R.G. Parsons to Senior Vice President, Exploration, and Adrian Paulse to Senior Vice President, Information Technology. These changes are aimed at advancing organic growth initiatives and supporting the company's goal of producing one million ounces of gold annually by 2030.