Key facts: Alamos Gold trims Q2 output; targets cut; 2026 budget up

Alamos Gold reduced Q2 output to 130k-135k oz and lowered full-year guidance below 570k oz due to seismic events and power outages. Analysts revised price targets, with TD lowering theirs to C$61. The company increased its 2026 exploration budget to $43M from $24M in 2025. CEO John McCluskey described the production cut as a temporary result of seismic disruption.

Alamos Gold (AGI) cut Q2 output to 130k–135k oz after seismic events and a power outage at Young-Davidson; full-year production now expected below 570k oz guidance floor. 1
Analysts updated Alamos Gold (AGI) targets: TD lowered target to C$61, National Bank to C$80 and BofA to $50; Stifel and Canaccord kept Buy ratings. Traders note revised targets. 2
Alamos Gold (AGI) set a $43M 2026 exploration budget vs $24M in 2025: 50,000m underground, 48,000m surface drilling to define reserves/resources, plus 16,000m regional tests and 1,090m drift work 3
Alamos Gold (AGI) CEO John McCluskey called a recent production cut a temporary result of a "seismic disruption," noting the company is addressing an operational interruption that affected output. 4