Alamos Gold

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. » Plus sur 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. » Plus sur 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. » Plus sur finance.yahoo.com