Alamos Gold (AGI) Projects 2026 Gold Production Between 570K-650K Ounces

AI Summary

Alamos Gold Inc. (AGI) announced it expects gold production in 2026 to range between 570,000 and 650,000 ounces, with capital expenditures estimated at $910 million to $1 billion. For Q1, the company reported revenue of $596.7 million, surpassing analyst estimates of $588.53 million, alongside production of 123,900 ounces of gold. Additionally, Canaccord raised AGI’s price target to C$80 from C$72, maintaining a Buy rating based on record EBITDA and improving operational performance. Management anticipates a 20% increase in second-quarter production, enhancing profitability as gold prices remain favorable.