Canada's Alamos Gold Q1 revenue jumps on higher gold prices

Alamos Gold

29/04/2026 22:13

Overview

Canada gold miner's Q1 revenue rose 79% yr/yr to record $596.7 mln

Adjusted net income for Q1 surged to $232 mln, up from $59.8 mln a year ago

Company raised quarterly dividend by 60% to $0.04 per share

Outlook

Alamos Gold sees 2026 gold production of 570,000-650,000 ounces

Company expects all-in sustaining costs for 2026 of $1,500-$1,600 per ounce

Result Drivers

HIGHER GOLD PRICES AND SALES - Co said record revenue was driven by higher realized gold prices and increased ounces sold

ISLAND GOLD AND MAGINO PERFORMANCE - Co said record underground mining rates at Island Gold and increased milling rates at Magino supported production

COST INFLATION OFFSET BY PRODUCTIVITY - Co said higher royalty, labor, energy and contractor costs were partly offset by productivity improvements and higher gold prices

Company press release: ID:nGNX82N3Yc

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$596.70 mln
$588.53 mln (2 Analysts)
Q1 Adjusted Net Income
Beat
$232 mln
$216.86 mln (2 Analysts)
Q1 Net Income
$191.40 mln
Q1 Basic EPS
$0.46
Q1 Free Cash Flow
$101.70 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the gold peer group is "buy"

Wall Street's median 12-month price target for Alamos Gold Inc is C$83.49, about 46.3% above its April 28 closing price of C$57.05

The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 16 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)