Alamos Gold Inc（AGI）のニュースとイベントAGIAlamos Gold Inc

Alamos Gold Shares Drop 15.2% to $30.83

Alamos Gold is down -15.2%, or -$5.51 to $30.83.

Alamos Gold Revises Q2 Production Guidance to 130,000-135,000 Ounces

Alamos Gold provided operational updates at its Young-Davidson and Island Gold District operations, as well as revised its second quarter production and cost guidance. Production from Young-Davidson in the second quarter has been impacted by recent events. Last week, the operation experienced two seismic events, with one occurring at an active mining front. No injuries were sustained; however, infrastructure was damaged limiting access to two higher grade stopes that were scheduled to be mined during the second quarter. The mining sequence is consistently reviewed and monitored to manage seismicity, and based on these recent events, the Company expects mining rates to average approximately 5,000 tonnes per day for the remainder of the year. The Company will be optimizing the mining sequence and implementing additional ground support measures through the second half of the year, which is expected to support higher mining rates beyond 2026. A further update on the near-term outlook for Young-Davidson will be provided with the release of second quarter financial results in late July. Additionally, the operation experienced power outages due to storm related damage to the regional power line in late May. The remote location of the power line along the route between the town of Kirkland Lake and Young-Davidson contributed to longer response time from the utility company. This resulted in a total of three days of unplanned downtime which impacted mining rates and production for the quarter. Given the seismic events at Young-Davidson, the unplanned downtime for power loss in May, and lower grades mined, the Company expects Young-Davidson production to be lower than anticipated for the second quarter and in-line with the first quarter. The Company is revising its second quarter production guidance to between 130,000 and 135,000 ounces, reflecting the shortfall at Young-Davidson, as well as the timing of recovery of ounces at La Yaqui Grande. Island Gold production for the second quarter is expected to be in line with plan for the quarter. Updated quarterly production guidance represents a 12% decrease from previous guidance based on the mid-point. Second quarter costs are also expected to be higher than previously guided, reflecting the lower production at Young-Davidson. Given lower first half production and lower mining rates expected from Young-Davidson through the second half of the year, the Company expects consolidated production will be below the low end of 2026 guidance, and costs above full year guidance. The Company will provide revised 2026 consolidated production and cost guidance with the release of its second quarter financial results in late July. Island Gold District operations continue to perform well, and remain on track to achieve full year guidance with significant production growth expected through the remainder of the year. Underground mining rates have increased to average a new record of more than 1,500 tpd to date in the second quarter, and are on track to increase to 2,000 tpd by the end of 2026. Underground grades mined in the second quarter continue to perform well and are expected to be consistent with the first quarter, as previously guided. Open pit grades mined are also performing well and remain consistent with full year guidance. Magino mill throughput rates have demonstrated a significant improvement, averaging nearly 9,800 tpd to date in June. The improved performance follows the scheduled replacement of conveyor belts, as well as the ball and SAG mill liners during the last week of May. Throughput rates within the Magino mill are ramping up as planned and are expected to increase to average 10,000 tpd by the third quarter. Combined with increasing underground mining rates and higher grades, the Island Gold District is expected to contribute substantial production growth into the second half of 2026 at lower all-in sustaining costs. During the second quarter, the Company repurchased and eliminated all remaining forward sale contracts that were set to mature in the second half of 2026. These contracts totaled 35,000 ounces at an average price of $1,821 per ounce. The cost to eliminate the 35,000 ounces was $92.3 million of cash, for an effective price of approximately $4,458 per ounce, providing further upside to higher gold prices. his followed the repurchase and elimination of forward contracts in the first quarter covering 15,000 ounces scheduled to mature in the second half of 2026. The Company has now retired 279,000 ounces, or 85% of the 329,000 ounces of forward contracts inherited from Argonaut Gold in July 2024, prior to maturity, and will continue to explore opportunities to retire the remaining 50,000 ounces which are set to mature during the first half of 2027.