- Alamos Gold produced 130,600 ounces in Q2 2026, meeting revised quarterly guidance and rising 5% versus Q1 2026, while the Island Gold District delivered record underground mining rates, milling rates, and production.
- Alamos Gold still revised full-year consolidated production and cost guidance downward, with lower mining rates at Young-Davidson identified as the primary driver.
- With gold above $4,000, the sector bottleneck has shifted from finding ounces to moving them through processing capacity, a constraint affecting developers and large producers alike.
- Coeur Mining reported record quarterly revenue of $1.1 billion and adjusted EBITDA of $478 million, but cut guidance due to operational headwinds; shares are up about 7% in the last month.
- Wheaton Precious Metals shares are up nearly 29% year to date and about 14% in the last month, benefiting from a streaming model that avoids mining cost inflation.
Quotes
“Gold is trading roughly flat year to date in 2026, while gold miners and metals streaming companies have outperformed the metal itself.”
“with gold above $4,000, the bottleneck has shifted from finding ounces to moving them through processing capacity.”
“despite the records at Island Gold, Alamos still revised its full-year consolidated production and cost guidance downward, with lower mining rates at Young-Davidson identified as the primary driver.”