A Canadian gold producer headquartered in Toronto that digs for the metal at three mines in Ontario and Sonora, Mexico. The company was born in 2003 from the merger of Alamos Minerals and National Gold Corporation, and its name comes from the town of Álamos in Mexico — a place named for the poplar trees (álamo in Spanish) that line its plaza. Gold was first spotted in the nearby Mulatos River by Spanish explorers back in 1536.
Alamos Gold reports Q2 2026 results, lowers full-year production guidance to 510,000-560,000 oz
Produced 130,600 ounces of gold in Q2 2026, in line with revised guidance and up 5% from Q1, with record performance at Island Gold District.
Show detailsHide details
Full-year 2026 production guidance lowered to 510,000-560,000 ounces (from 570,000-650,000), primarily due to lower expected mining rates and grades at Young-Davidson after a June seismic event.
Full-year total cash cost guidance raised to $1,175-$1,275 per ounce and AISC to $1,775-$1,875 per ounce, reflecting higher costs at Young-Davidson and Canadian labour inflation.
Q2 revenue was $594.1 million on 130,834 ounces sold at an average realized price of $4,504/oz; net earnings were $270.4 million ($0.64 per share).
Repurchased and eliminated all remaining 2026 legacy gold hedges from Argonaut (35,000 oz at $1,821/oz) at a cost of $92.3 million, retiring 85% of inherited forward contracts.
Returned $67 million to shareholders in Q2 via share buybacks (1,401,100 shares for $50 million) and dividends ($17 million).
Alamos Gold cuts Q2 2026 production guidance to 130,000-135,000 oz after seismic events and power outages at Young-Davidson
Two seismic events at Young-Davidson in the week ended June 12, 2026 damaged infrastructure, limiting access to two higher-grade stopes; no injuries were reported.
Show detailsHide details
Mining rates at Young-Davidson are expected to average about 5,000 tonnes per day for the rest of 2026, with additional ground support measures planned.
Power outages from storm damage in late May caused three days of unplanned downtime at Young-Davidson.
Q2 2026 production guidance revised to 130,000-135,000 ounces, a 12% decrease from prior guidance at the midpoint; costs are expected to be higher.
Alamos repurchased and eliminated 35,000 ounces of remaining 2026 gold hedges for $92.3 million, and repurchased 753,600 shares for $30.0 million in May 2026.
Island Gold District remains on track for full-year guidance, with record underground mining rates above 1,500 tpd in Q2.
Consolidated 2026 production is expected to be below the low end of guidance, with revised full-year guidance to be provided with Q2 results in late July.
Alamos Gold cuts Q2 2026 production guidance to 130k-135k oz after seismic events at Young-Davidson
Two seismic events at Young-Davidson, one at an active mining front, damaged infrastructure and limited access to two higher-grade stopes; no injuries were reported.
Show detailsHide details
Mining rates at Young-Davidson are expected to average about 5,000 tonnes per day for the remainder of 2026, with optimization and additional ground support planned.
Storm-related power outages in late May caused three days of unplanned downtime at Young-Davidson, further impacting production.
Q2 2026 production guidance revised to 130,000-135,000 ounces, a 12% decrease from previous guidance at the midpoint; costs are expected to be higher.
The company repurchased all remaining 2026 Argonaut gold hedges (35,000 oz) for $92.3 million, and repurchased 753,600 shares for $30.0 million in May.
Island Gold District is on track for full-year guidance, with record underground mining rates above 1,500 tpd and Magino mill throughput near 9,800 tpd.