Alamos Gold Reports Q3 2026 Results with Record Island Gold Production and Increased Capital Costs
Alamos Gold (AGI) reported third-quarter 2026 operating revenue of $510.4 million, a 10% increase year-over-year driven by higher realized gold prices averaging $4,258 per ounce. The company achieved record production at the Island Gold District, which helped offset lower planned output at Young-Davidson following previous seismic events. Non-GAAP adjusted net earnings reached $184.0 million, or $0.44 per share. Despite strong revenue, the company faces operational headwinds and rising costs. The Phase 3+ shaft expansion has been delayed by one quarter to mid-2027 due to ground support requirements, with the total budget increasing by 5% over the original $835 million estimate. Additionally, slower underground development at PDA is expected to impact production in late 2027. The company maintains a strong liquidity position with $597.4 million in cash and cash equivalents.
Tickers: $AGI
Topics: Free Cash Flow Gold Production Operating Costs Revenue Growth
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