Alamos Gold

At the Jefferies Global Industrials Conference, Alamos Gold reaffirmed its target of annual production of 1 million ounces by 2030 and identified Island Gold, Lynn Lake and the Mulatos conversion as the main growth drivers. Young‑Davidson was briefly affected by a seismic event and is currently operating at a reduced mining rate but continues to generate strong cash flow; ground‑support measures and a revised mining plan are expected to lift production again by 2027. The combined Island‑Gold/Magino complex is expected to deliver about 530,000 ounces per year at AISC of roughly CAD 1,000 after shaft commissioning, while Lynn Lake aims for 200,000 ounces per year at low costs. Management emphasized organic growth, disciplined capital allocation and substantial value uplift of assets given a market capitalization of around CAD 16 billion. » Mere på de.investing.com

Alamos Gold reported new high-grade drilling results at Island Gold, defining mineralization in the Island Gold West Extension, Island West up-plunge area and new hanging wall zones. Regional exploration also returned high-grade intercepts at the former Cline-Pick and Edwards mines seven kilometres from the Magino mill, positioning targets for inclusion in the expanded milling circuit. The company has budgeted $43 million for 2026 exploration, with extensive underground and surface drilling to convert resources, define reserves and maximize high-grade mill feed to support production growth. » Mere på finance.yahoo.com

BMO Capital lowered its price target for Alamos Gold to C$73 from C$79 on June 19 but kept an Outperform rating, citing an operational update that reported two seismic events at Young‑Davidson and expected reduced mining rates for the remainder of 2026. Despite this, Alamos produced 123,900 ounces of gold in fiscal Q1 2026 in line with guidance, sold 121,924 ounces at an average realized price of $4,829/oz, and reported record quarterly revenues of $596.7 million. Management expects production to rise in Q2 with further growth in H2 2026 and remains on track to meet full‑year guidance. » Mere på finance.yahoo.com

Jefferies reported that seismic events, power outages and lower grades at Alamos Gold's Young‑Davidson have forced a Q2 production cut to 130,000–135,000 ounces and will keep mining rates reduced for the year, raising near‑term costs. The broker expects 2026 consolidated production below prior guidance and raised costs, modeling Q2 about 125,000 ounces at AISC ~$1,903/oz and a full year ~528,000 ounces at ~$1,770/oz. Jefferies highlighted Island Gold as the main growth driver, with underground rates hitting >1,500 t/d and targeting 2,000 t/d by year‑end, and noted $92m spent to remove 35,000 ounces of inherited hedges and a $30m buyback. The firm kept a Buy rating but cut its price target to $50. » Mere på finance.yahoo.com

Alamos Gold reported Q1 revenue of $596.7 million and produced 123,900 ounces, beating consensus and saying results align with guidance. The company expects 2026 production of 570,000–650,000 ounces and capital expenditures of about $910 million to $1 billion. Management highlighted record underground rates at Island Gold, improved milling at Magino, and anticipates a 20% rise in Q2 production with further H2 growth and lower costs as ramps continue. Canaccord raised its price target to C$80 and maintained a Buy rating based on improving operations and cash flow. » Mere på finance.yahoo.com