- Alamos Gold is pursuing roughly one million ounces of annual gold production by 2030, almost double its current production base.
- Q2 2026 revenue rose 36% year over year to $594.1 million while gold sales slipped to 130,834 ounces from 135,027 ounces.
- All-in sustaining costs rose to $1,728 per ounce from $1,481, and the company expects costs to fall toward $1,250 per ounce by 2028.
- H1 2026 operating cash flow was $474.3 million against $364.1 million of capital spending, leaving about $110.2 million after capex.
- CIBC cut its Alamos Gold price target to C$69 from C$75 and kept an Outperformer rating in its Q3 earnings preview.
- CIBC expects many precious and base metals producers to report softer production and higher costs in Q3 and lowered its gold and silver forecasts.
Quotes
“Alamos Gold Inc. (NYSE:AGI) is pursuing a path to roughly one million ounces of annual gold production by 2030, almost double its current production base.”
“CIBC lowered its price target for Alamos Gold (AGI) to C$69 from C$75”