Alamos Gold Inc. provided updated three-year production and operating guidance, aiming for approximately one million ounces per year by 2030 through the expansion of the Island Gold District and initial production from Lynn Lake. The company expects a 12% increase in production in 2026, with further growth of 46% by 2028. Total cash costs and AISC are expected to decrease by 24% and 18%, respectively, by 2028. Capital spending is estimated to increase to $850 to $940 million in 2026, with significant spending on the Island Gold District expansion and Lynn Lake project. Exploration budget has also increased to a record $97 million in 2026.

The Island Gold District is expected to see a 24% increase in production in 2026, driven by ramping up underground mining rates. The completion of the shaft infrastructure is expected to support higher mining rates, with further production increases into 2027 and 2028. Total cash costs and mine-site AISC are projected to decrease by 11% and 6%, respectively, in 2026. Capital spending at the Island Gold District is expected to be between $490 and $535 million in 2026, mainly focusing on the IGD expansion. The company’s exploration budget for the Island Gold District has increased to $43 million in 2026.

At Young-Davidson, gold production is expected to increase by approximately 8% in 2026, driven by higher underground mining rates. Grades mined and stacked are expected to remain stable, with total cash costs and mine-site AISC projected to increase by 12% and 9%, respectively. The company has budgeted $80 to $95 million for exploration at Young-Davidson in 2026, focusing on extending mineralization and exploring new higher-grade

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