Alamos Gold Q1 Revenues Hit $596.7M; Dividend Rises 60% to $0.04
Alamos Gold produced 123,900 ounces and sold 121,924 ounces at $4,829 per ounce to record $596.7 million revenues. Q1 operating cash flow was $242.5 million, free cash flow $101.7 million after $82.0 million taxes, dividend rose 60% to $0.04, and Island Gold expansion is on track.
1. Operational Performance
Alamos Gold produced 123,900 ounces of gold in Q1 2026, sold 121,924 ounces at an average realized price of $4,829 per ounce and generated record quarterly revenues of $596.7 million, a 79% increase compared to Q1 2025.
2. Financial Results
Operating cash flow was $242.5 million (or $338.0 million before working capital changes), free cash flow reached $101.7 million after $82.0 million in cash taxes, and cash and equivalents rose to $659.5 million, supporting net cash of $459.5 million and $1.2 billion of liquidity.
3. Costs and Dividend Increase
Total cash costs were $1,230 per ounce and all-in sustaining costs $1,862 per ounce, both expected to decline in Q2; the quarterly dividend was increased by 60% to $0.04 per share with $16.6 million paid in Q1.
4. Growth Projects and Hedges
The company repurchased 15,000 ounces of legacy hedges at an effective price of $4,667 per ounce for $42.7 million, and remains on track to complete the Island Gold District expansion in 2028, with an estimated NPV of $12.2 billion at a $4,500 gold price.