Alamos Gold produced 119,000 ounces of gold in Q3 2026 and said it remains on track for its revised annual guidance, with fourth-quarter production expected to rise 26% as mining rates and grades improve at Island Gold. The company generated $76 million in free cash flow and ended the quarter with $397 million in net cash, while returning $22 million to shareholders and using $86 million to repurchase legacy Argonaut Gold hedge contracts. The Phase 3+ shaft expansion at Island Gold has been delayed about one quarter to mid-2027 after ground-support issues, and its total cost is now expected to be 5% above the previous $835 million budget. Underground mining rates are expected to exceed 2,000 tons per day in the first half of 2027, with the ramp-up to 2,400 tons per day now expected in the second half.
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XAU/USD
• NeutralRelevance: low
| Market | Gold |
|---|---|
| Close on 10/29/2026 | 4,021.63 |
| Change that session | -1.13% |
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