Will Young-Davidson Setbacks Weigh on Alamos Gold's Performance? - The Globe and Mail

AI desk brief

Alamos Gold cut 2026 production guidance to 510,000-560,000 oz from 570,000-650,000 oz and raised AISC to $1,775-$1,875/oz from $1,500-$1,600 after two seismic events at Young-Davidson caused June downtime, power loss and lower grades. First-half gold output fell 15% YoY to 63,000 oz at the mine, while consolidated production slipped 3% YoY to 254,500 oz; the company still expects a stronger second half and better mining rates, with further improvement in 2027 after rehabilitation and sequence optimization.

The piece also notes peer Canadian gold names: Agnico Eagle’s Q2 payable gold output edged down 1.2% YoY to 855,816 oz, while Newmont secured approvals for Red Chris block-cave development that could extend mine life into the mid-2040s and lift Canada copper output.