Alamos Gold Inc. Reports First Quarter 2026 Results

Alamos Gold Inc. reported its first quarter 2026 financial results, highlighting record cash flow from operations of $242.5 million and free cash flow of $101.7 million. The company produced 123,900 ounces of gold, in line with guidance, with strong performance from the Island Gold District offsetting lower production at Young-Davidson. Revenues increased significantly to $596.7 million, driven by a higher average realized gold price of $4,829 per ounce. Despite higher costs per ounce ($1,230 total cash costs and $1,862 AISC), which were above the top end of guidance for the first half of 2026, the company expects these costs to decrease in the second half of the year. Alamos announced a 60% increase in its quarterly dividend to $0.04 per share and repurchased a portion of its legacy gold hedges. The company also advanced its growth projects, including the Island Gold District Expansion Study, which projects increased production and lower costs. Capital expenditures for 2026 are estimated between $850 and $940 million, primarily focused on growth projects.