Alamos Gold (US:AGI) Globenewswire·2026-02-04 11:30Core Viewpoint - Alamos Gold Inc. expects to achieve a production target of approximately one million ounces annually by 2030, driven by the expansion of the Island Gold District and initial production from the Lynn Lake project [2][4][28]. Production Guidance - The company provided a three-year production guidance with total gold production expected to range from 570,000 to 650,000 ounces in 2026, increasing to between 650,000 and 730,000 ounces in 2027, and further to 755,000 to 835,000 ounces in 2028, representing a cumulative growth of 46% from 2025 [5][27]. - Production growth is anticipated to be driven by the ramp-up of underground mining rates at the Island Gold District and the start of production from Lynn Lake [6][28]. Cost Guidance - Total cash costs are projected to decrease from $1,020 - $1,120 per ounce in 2026 to $775 - $875 per ounce by 2028, reflecting a 24% reduction relative to 2025 [5][7]. - All-in sustaining costs (AISC) are expected to decline from $1,500 - $1,600 per ounce in 2026 to $1,200 - $1,300 per ounce by 2028, indicating an 18% decrease [5][30]. Capital Expenditures - Total capital expenditures for 2026 are expected to be between $850 million and $940 million, with significant investments in the Island Gold District Expansion and Lynn Lake project [18][19]. - Capital spending on the Lynn Lake project is projected to be between $140 million and $160 million in 2026, reflecting a decrease from previous guidance due to delays caused by wildfires [21][71]. Exploration Budget - The exploration budget for 2026 has increased to a record $97 million, a 35% increase from 2025, with a focus on expanded programs at the Island Gold District, Young-Davidson, and Lynn Lake [74][75]. Shareholder Returns - The company returned approximately $81 million to shareholders in 2025 through dividends and share buybacks, with expectations for increasing free cash flow supporting higher returns in the coming years [11][74].