Alamos Gold Projects Annual Production of 1 Million Ounces by 2030
Alamos Gold (AGI) reported third-quarter gold production of 119,000 ounces, meeting management's guidance. While the company saw record production levels from its Island Gold District, these gains were partially offset by lower planned output at the Young-Davidson mine. Looking ahead, the company has set an ambitious long-term target to reach nearly 1 million ounces of annual gold production by 2030. A key component of this growth strategy involves the Island Gold shaft commissioning, which is now projected to shift to mid-2027.
Tickers: $AGI
Topics: gold production mining operations quarterly earnings
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