Alamos Gold targets roughly one million ounces of annual gold production by 2030, almost double its current base. In Q2 2026, revenue rose 36% year over year to $594.1 million and net earnings reached $270.4 million, helped by an average realized gold price of $4,504 per ounce (up about 40%) even though gold sales slipped to 130,834 ounces. All-in sustaining costs, however, rose to $1,728 per ounce from $1,481. The company expects these costs to fall toward $1,250 per ounce by 2028, from about $1,825 in 2025, as expansions at Island Gold, Lynn Lake and PDA lift throughput and productivity. Construction spending comes first, though, and mine disruptions or grade variability could delay the benefits.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Alamos Gold (AGI) Plans to Double Production. Can Gold’s Windfall Become Lasting Cash Flow?
Read the original on Yahoo Finance ↗
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