---
title: "Key facts: Alamos Gold trims Q2 output; targets cut; 2026 budget up"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/290524772.md"
description: "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."
datetime: "2026-06-23T07:13:31.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/290524772.md)
  - [en](https://longbridge.com/en/news/290524772.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/290524772.md)
generator: "portal-rs"
---

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

-   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

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**