- Alamos Gold increased Q2 2026 production 5% year over year to 130,600 ounces and revenue 36% to $594.1 million.
- A seismic event at the Young-Davidson mine led the company to reduce FY26 production guidance by 12% and raise all-in sustaining cost guidance to $1,775-$1,875 per ounce.
- CEO John McCluskey said rising debt and geopolitical uncertainty are reducing some investors' confidence in storing gold in the U.S., supporting demand for gold and Alamos Gold's Canadian operations.
- Goldman Sachs forecasts gold at $4,900 an ounce by year-end 2026, citing central-bank demand, creating a favorable pricing backdrop for Alamos Gold despite the operational setback.
Quotes
“some investors are losing confidence in storing gold in the U.S.”