EarningsQ2 2026 Earnings Report
MX:AGIN Q2 2026 EPS Results
Actual EPS$10.72
Consensus EPS$9.57
Beat/MissBeat by +$1.14
One Year Ago EPS$6.17
MX:AGIN Q2 2026 Revenue Results
Actual Revenue$10.48B
Expected Revenue$10.78B
Beat/MissMissed by -$297.14M
YoY Revenue Growth+35.54%
Earnings Announcement Details
QuarterQ2 2026
Date07/29/2026
TimeAfter Close
Conference CallWednesday, July 29, 2026
MX:AGIN Upcoming Earnings
Alamos Gold's next earnings date is estimated for October 28, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:AGIN Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call showcased substantial exploration and operational progress (notably resource growth, new high-grade discoveries, improving mining and milling rates, major organic projects and a strong $1.2 billion liquidity position). Those positives are, however, tempered by near-term cost pressures driven by contractor and labor inflation (a ~$90/oz increase and a ~$30/oz retention program), seismic-related rehabilitation at Young Davidson requiring enhanced ground support and added sustaining capital (~$10–15M/yr), and some timing-related deferrals (La Yaqui Grande ounces into 2027). Management believes the issues are manageable, actionable and largely near-term (retention accruals payable later, truck shop to reduce contractor reliance, rehabilitation and sequence changes to manage seismicity), and they maintained production guidance while tightening ranges.Company Guidance
District-scale Resource Growth and New High-Grade Discovery
Island Gold district resources have grown from less than 2 million ounces in 2017 to approaching 7 million ounces today (net of ~1.7 million ounces produced) — roughly a >3x increase. A newly discovered high-grade zone was reported between 250–500 meters west of existing reserves, measuring approximately 200 by 300 meters and remaining open down plunge and to the west.
Exceptional High-Grade Drill Results at Cline Pick
Drilling at the past-producing Cline Pick returned standout intercepts including 178 g/t Au over 3.5 meters and a follow-up hit of 68 g/t Au over 3.1 meters, and step-out drilling continues to extend higher-grade mineralization beyond previous limits.
Island Gold Underground Ramp Progress
Island Gold underground mining rate improved from ~1.40k tpd in Q1 to ~1.55k tpd in Q2 (≈+10.7% QoQ) with a plan to reach 2.0k tpd by year-end, 2.4k tpd in 2027 and ultimately 3.0k tpd by 2029. Shaft infrastructure is being sized to handle ~5.5k tpd (ore + waste), enabling further upside if additional high-grade ounces are defined.
Magino Mill Throughput Recovery
Magino milling rates improved materially in H2 of Q2: June averaged 9.8k tpd and July reached ~10.0k tpd (≈+2.0% month-over-month), indicating operational stabilization and stronger mill performance through the quarter.
Substantial Organic Growth Projects Underway
Multiple organic projects progressing: Lynn Lake is a major $920 million construction project; Mulatos has moved underground with two drifts and a mill under construction; Island Gold shaft and Magino mill expansion are on the critical path to support future higher throughput (mill expansion to 20k tpd contemplated).
Strong Liquidity Position and Capital Discipline
Company reported approximately $1.2 billion in liquidity and described strong free cash flow generation. Management is prioritizing organic projects and capital allocation over near-term M&A given ample internal opportunities.
Guidance Maintained and Range Tightened
Management maintained underlying production guidance (low end previously 290k ounces remains) and tightened the second-half range from a 40k-ounce band to a 20k-ounce band to reflect updated visibility (not a reduction of expected production).
MX:AGIN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed