Canada's Alamos Gold lowers 2026 production outlook
AGI•Outlook
- Alamos Gold lowers 2026 production guidance to 510,000-560,000 ounces from 570,000-650,000 ounces
- Company raises 2026 total cash cost guidance to $1,175-$1,275 per ounce, AISC to $1,775-$1,875
- Alamos Gold expects production to reach about 1 mln ounces annually by 2030
Overview
- Canada gold miner's Q2 revenue rose 36% yr/yr, slightly beating analyst expectations
- Produced 130,600 oz gold in Q2, up 5% from Q1, led by Island Gold District
- Company lowered 2026 production and raised cost guidance after Young-Davidson seismic event
Key Details
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Revenue | Slight Beat* | $594.1 mln | $593.76 mln (3 Analysts) |
| Q2 Adjusted Net Income | Beat | $247.6 mln | $225.44 mln (2 Analysts) |
| Q2 Net Income | $270.4 mln | ||
| Q2 Basic EPS | $0.64 | ||
| Q2 Free Cash Flow | $143.5 mln |
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
Analyst Coverage
- The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
