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Alamos Gold Reports Fourth Quarter and Annual 2025 Production

5:32 PM ET 01/14/2026 - MT Newswires

In the fourth quarter, it produced 141,500 ounces of gold, consistent with the third quarter. Production for the full year totaled 545,400 ounces. Both fourth quarter and full year production were below guidance (2025 guidance - 560,000-580,000 ounces) reflecting lower production from the Island Gold District and Young-Davidson, in part due to weather related downtime in late December, the company said.

The company sold 142,149 ounces of gold at an average realized price of US$3,997 per ounce for record quarterly revenues of US$568 million, inclusive of silver sales. The average realized gold price was below the London PM Fix price, reflecting the delivery of the final 12,346 ounces into the gold prepayment facility executed in July 2024 based on the prepaid price of US$2,524 per ounce. Full year sales totaled 531,230 ounces of gold at an average realized price of US$3,372 per ounce, generating record annual revenues of US$1.8 billion.

"Mining and processing rates were lower than expected due to severe winter weather late in December which impacted access to the sites, as well as other operational challenges. Despite these challenges, we delivered a record quarter and year financially and made significant progress on our growth initiatives," said chief executive John McCluskey.

"From an operational perspective, this past year was not reflective of our long-term track record, nor our strong outlook. We expect a substantial improvement from our operations in 2026 and low-cost growth from the Island Gold District to drive production significantly higher over the next several years. As we will be outlining in the Island Gold District Expansion Study next month, we expect this growth to continue with a clear path to one million ounces of annual production by the end of the decade," McCluskey added.

The company is expected to provide updated three-year production and operating guidance in February 2026, coinciding with the completion of the Expansion Study for the Island Gold District.

As of Dec. 31, 2025, the company has a cash of US$623 million, up from US$463 million at the end of the third quarter, and US$327 million at the end of 2024.

The company said it repurchased 928,729 shares in November at a cost of US$28.8 million, or US$30.96 per share. For the full year, 1,326,929 shares were repurchased for US$38.8 million. Including dividends and share buybacks, a record US$81 million was returned to shareholders in 2025.

Shares of the company were at last look up US$0.01 to US$43.00 in after-hours trading. They closed up C$0.29 to C$59.68 on the Toronto Stock exchange.