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

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

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

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