Alamos Gold lowered its full-year 2026 production guidance to a range of 510,000 to 560,000 ounces. The company produced 130,600 ounces of gold in the second quarter. This output aligned with quarterly guidance that was previously revised downward in June.
A seismic event at the Young-Davidson mine restricted access to higher-grade ore. This disruption will likely reduce mining rates through the second half of 2026. Alamos also increased its full-year cost guidance, citing the mine issues and broader inflationary pressures.
The Island Gold District reported record underground mining and milling rates. Alamos expects stronger production in the latter half of the year. The ongoing ramp-up at Island Gold supports this projected growth.