John McCluskey, President and CEO of Alamos Gold, joins Bloomberg Businessweek Daily to discuss the company's most recent earnings results, expected gold output through 2026, and the company's plans to lower mining costs as it opens a new mine in Manitoba, Canada. Alamos is aiming to produce one million ounces of gold annually by 2030 as it works on expansion plans. McCluskey speaks with Carol Massar and Tim Stenovec. ...

Financial Data and Key Metrics Changes - In 2025, the company achieved record revenue of $1.8 billion, a 34% increase from 2024, and record free cash flow of over $350 million [4][10] - The average realized price for gold sold in 2025 was $3,372 per ounce, with total cash costs of $1,077 per ounce and all-in sustaining costs of $1,524 per ounce, which were above annual guidance [10][12] - Operating cash flow before changes in non-cash working capital increased 27% to a record $924 million for the full year [11] Business Line Data and Key Metrics Changes - Production from the Island Gold District totaled 250,400 ounces in 2025, a 33% increase year-over-year, but slightly below the low end of revised annual guidance [15] - Young-Davidson produced 153,400 ounces for the full year, below revised guidance due to lower mining rates and grades [23] - The Mulatos District produced 141,600 ounces, in line with annual guidance, generating record quarterly mine site free cash flow of $92 million [24] Market Data and Key Metrics Changes - The company expects a 12% increase in production for 2026, driven by ramp-up at Island Gold and Young-Davidson [5] - The Island Gold District is projected to average 534,000 ounces per year post-expansion at a cost of $1,025 per ounce, significantly lower than 2025 costs [21] Company Strategy and Development Direction - The company aims to nearly double annual production to over 1 million ounces by the end of the decade, with a focus on internal funding for growth [5][9] - A 60% increase in dividends was announced, reflecting strong free cash flow and a commitment to returning value to shareholders [7][13] Management Comments on Operating Environment and Future Outlook - Management expressed confidence in operational improvements and production growth, anticipating a significant increase in free cash flow [14][18] - The company highlighted the successful exploration program, contributing to a 32% increase in mineral reserves to 16 million ounces [26] Other Important Information - The company has eliminated half of the legacy hedges inherited from Argonaut Gold, increasing exposure to rising gold prices [13][14] - The exploration budget for 2026 has been increased to nearly $100 million, reflecting the company's commitment to growth [27] Q&A Session Summary Question: Exploration targets and mineralization styles - The exploration team is focusing on higher-grade mineralization in different lithologies, including conglomerates and syenite dikes, with potential for higher grades in the hanging wall [33][36] Question: Key deliverables for PDA project in 2026 - Key components include establishing portal entrances and preparing for commissioning of the mill complex, with construction tracking on schedule for mid-2027 [39][41] Question: Market reward for increased dividend - Management believes there is room for further dividend growth and emphasizes a balanced approach between dividends and share buybacks [42][44]

Financial Data and Key Metrics Changes - In 2025, the company achieved record revenue of $1.8 billion, a 34% increase from 2024, and record free cash flow of over $350 million [4][11] - The average realized price for gold sold in Q4 was $3,998 per ounce, with total cash costs of $1,077 per ounce and all-in sustaining costs of $1,524 per ounce, which were above annual guidance [11][12] - Operating cash flow before changes in non-cash working capital increased 27% to a record $924 million for the full year [12][14] - The company returned $81 million to shareholders in 2025, doubling the amount returned in 2024 [14] Business Line Data and Key Metrics Changes - Production from the Island Gold District totaled 250,400 ounces in 2025, a 33% increase year-over-year, but slightly below the low end of revised annual guidance [16] - Young-Davidson produced 153,400 ounces for the full year, below revised guidance due to lower mining rates and grades [24] - The Mulatos District produced 141,600 ounces, in line with revised annual guidance [26] Market Data and Key Metrics Changes - The company expects a 12% increase in production for 2026, driven by ramp-up at Island Gold and Young-Davidson [5] - The three-year guidance indicates a 46% increase in production by 2028 at approximately 20% lower all-in sustaining costs [6][9] Company Strategy and Development Direction - The company plans to nearly double annual production to over 1 million ounces by the end of the decade, with a focus on internal funding for growth [5][10] - The expansion of the Island Gold District is expected to create one of the largest and most profitable gold operations in Canada, with an after-tax NPV of $12 billion at a gold price of $4,500 per ounce [9][22] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in a meaningful improvement in operational performance in 2026, driven by increased mining rates and lower costs [5][10] - The company highlighted the strong outlook for free cash flow generation and the potential for further dividend increases [14][48] Other Important Information - The company has increased its exploration budget to nearly $100 million for 2026, a 37% increase from 2025, reflecting ongoing growth in mineral reserves [29][30] - The Island Gold District's reserves increased by 32% to 16 million ounces, marking the seventh consecutive year of growth [29][30] Q&A Session Summary Question: Exploration targets at Young-Davidson - Management discussed the potential for higher-grade mineralization in the hanging wall and different lithologies, indicating ongoing drilling efforts [39][40] Question: Key deliverables for PDA project in 2026 - Management outlined the establishment of portal entrances and preparation for commissioning the mill complex as critical path items for 2026 [42][45] Question: Market reward for increased dividend - Management indicated that while the dividend has been increased by 60%, there is room for further growth, and investors should expect more dividends in the future [46][48]

Fourth Quarter 2025 Results Presentation February 19, 2026 Cautionary notes This presentation, the information contained herein, any other materials provided in connection with this presentation and any oral remarks accompanying this presentation (collectively, the "Presentation"), have been prepared by Alamos Gold Inc. ("Alamos" or the "Company") solely for information purposes. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information provided. This ...

Core Viewpoint - Alamos Gold Inc. has refiled its consolidated financial statements for the years ended December 31, 2025, and 2024, to correct administrative errors in the audit opinion, with no changes to reported results for 2025 [2]. Company Overview - Alamos Gold Inc. is a Canadian-based intermediate gold producer with diversified production from three operations in North America, including the Island Gold District and Young-Davidson mine in Ontario, Canada, and the Mulatos District in Sonora, Mexico [3]. - The company has a strong portfolio of growth projects, including the IGD Expansion and the Lynn Lake project in Manitoba, Canada [3]. - Alamos employs over 2,400 people and is committed to sustainable development [3].

All amounts are in United States dollars, unless otherwise stated. TORONTO, Feb. 18, 2026 (GLOBE NEWSWIRE) -- Alamos Gold Inc. (TSX:AGI; NYSE:AGI) (“Alamos” or the “Company”) today reported its financial results for the quarter and year ended December 31, 2025. “Our full year production was lower than planned and costs higher due to a challenging year at our Canadian operations. Despite these challenges, we established a number of new financial records including record free cash flow of $352 million while i ...

All amounts are in United States dollars, unless otherwise stated. TORONTO, Feb. 18, 2026 (GLOBE NEWSWIRE) -- Alamos Gold Inc. (TSX:AGI; NYSE:AGI) (“Alamos” or the “Company”) is pleased to announce that the Company’s Board of Directors has authorized a 60% increase to its quarterly dividend to US$0.04 per common share. The increase is supported by the Company’s strong outlook and growing free cash flow, including generating record free cash flow of $352 million in 2025. The Company expects increasing free c ...

Global Mineral Reserves Increase 32% with Grades also Increasing 5%, Driven by 125% Growth in High-Grade Mineral Reserves at Island GoldAll amounts are in United States dollars, unless otherwise stated. TORONTO, Feb. 17, 2026 (GLOBE NEWSWIRE) -- Alamos Gold Inc. (TSX:AGI; NYSE:AGI) (“Alamos” or the “Company”) today reported its updated Mineral Reserves and Resources as of December 31, 2025. For a detailed summary by asset, refer to the tables below. Highlights Global Proven and Probable Mineral Reserves inc ...

Core Viewpoint - Alamos Gold Inc. reported a significant increase in its Mineral Reserves and Resources as of December 31, 2025, with a total of 16 million ounces, marking the seventh consecutive year of growth and a 24% increase in grades over that period. The majority of this growth occurred within the Island Gold District, which is set to expand further due to successful exploration efforts and a record exploration budget of nearly $100 million planned for 2026 [1][2][8]. Mineral Reserves - Global Proven and Probable Mineral Reserves increased by 32% to 15.9 million ounces of gold, with grades rising by 5% to 1.87 grams per tonne [2][7]. - Island Gold's Mineral Reserves more than doubled, increasing by 125% to 5.1 million ounces, reflecting successful conversion of Mineral Resources [2][9]. - Magino's Mineral Reserves increased by 56% to 3.1 million ounces, primarily due to the conversion of Mineral Resources [2][10]. - Young-Davidson's Mineral Reserves remained largely unchanged at 3.0 million ounces, while Mulatos saw a decrease to 1.2 million ounces due to depletion [11][39]. Mineral Resources - Global Measured and Indicated Mineral Resources increased by 6% to 5.5 million ounces, with grades slightly higher at 1.44 g/t Au [15]. - Global Inferred Mineral Resources decreased by 63% to 2.0 million ounces, reflecting successful conversion to Mineral Reserves [15][21]. Island Gold District - The Island Gold District saw a 2% increase in total Mineral Reserves and Resources to 6.8 million ounces, marking the 10th consecutive year of growth [17]. - The exploration program focused on delineation drilling, resulting in a 125% increase in Mineral Reserves to 5.1 million ounces [18]. - The average grade at Island Gold decreased by 7% to 10.61 g/t Au, with significant potential for further growth due to open areas laterally and at depth [19]. Exploration Budget and Plans - A record exploration budget of $97 million is planned for 2026, up 37% from 2025, with a focus on the Island Gold District, Young-Davidson, and Lynn Lake [2][28]. - The exploration program includes 50,000 meters of underground drilling at Island Gold and 48,000 meters of surface drilling targeting areas between Island Gold and Magino [30][31]. Young-Davidson and Mulatos District - Young-Davidson's Mineral Reserves decreased slightly to 3.0 million ounces, but Measured and Indicated Mineral Resources increased by 26% to 1.5 million ounces [34][38]. - The Mulatos District saw a 14% decrease in Mineral Reserves to 1.2 million ounces, while Measured and Indicated Mineral Resources increased by 26% to 0.8 million ounces [39][42]. Lynn Lake District - Total Mineral Reserves for the Lynn Lake District increased by 3% to 3.4 million ounces, driven by additions within the Linkwood deposit [45]. - A budget of $6 million is allocated for exploration at Lynn Lake in 2026, up from $3 million in 2025 [46].

Core Insights - Alamos Gold (AGI) is set to report its fourth-quarter 2025 results on February 18, with earnings estimates indicating a 96% growth year-over-year to 49 cents per share, despite a 12.50% downward revision in estimates over the past 60 days [1][4]. Earnings Performance - In the last four quarters, Alamos Gold's earnings have matched the Zacks Consensus Estimate once, exceeded it twice, and fell short once, resulting in an average negative earnings surprise of 1.06% [2][3]. - The Earnings ESP for AGI is currently 0.00%, and the company holds a Zacks Rank of 3 (Hold), indicating that the model does not predict a definitive earnings beat this time [5]. Production and Revenue - Alamos Gold reported total production of 141,500 ounces in Q4 2025, reflecting a 1% increase year-over-year, with higher output from the Island Gold District (up 8%) and the Mulatos District (up 3%), although the Young-Davidson mine saw a 9% decline [6][8]. - The company achieved record quarterly revenues of $568 million, driven by higher gold prices and stronger sales volumes, with an average realized price of $3,997 per ounce [4][8]. - In the same quarter last year, Alamos Gold sold 141,258 ounces of gold at a realized price of $2,632 per ounce, resulting in revenues of $375.8 million [9]. Market Performance - Alamos Gold's shares have appreciated by 102.9% over the past year, compared to the industry's growth of 143.8% [10].