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. » More on 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. » More on 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. » More on finance.yahoo.com