Alamos Gold Produces 137,200oz of Gold in 2Q25

Canada-based precious metals company Alamos Gold produced 137,200oz of gold in 2Q25, a 10% increase from 1Q25, which contributed to a record US$199.5 million in cash flow from operations and a substantial increase in free cash flow to US$85 million. However, the company also announced it is increasing its full-year cost guidance.

Alamos Gold sold 135,027oz of gold at an average realized price of US$3,223/oz, generating record quarterly revenues of US$438.2 million. All-in sustaining costs (AISC) for the quarter decreased 18% from 1Q25 to US$1,475/oz. Despite this quarterly improvement, Alamos has raised its full-year 2025 AISC guidance by 12% to a range of US$1,400/oz to US$1,450/oz. The company attributed the revised guidance to a slower start to the year at its Magino and Young-Davidson mines and external factors, including higher royalty expenses due to the increased gold price.

"Production increased 10% from the first quarter, meeting our quarterly guidance, while all-in sustaining costs decreased 18%, reflecting stronger performances across all of our operations. We expect further production growth into the second half of the year ... and remain on track to achieve full year production guidance,” said John McCluskey, President and CEO, Alamos Gold. 

A key driver for future growth is the Island Gold District, where the company completed the transition to processing Island Gold ore through the larger Magino mill in mid-July. McCluskey noted that this project is expected to drive growing production and declining costs over the next several years, with the potential to grow the company's consolidated production to approximately 1Moz/y. During the quarter, Alamos also returned US$21 million to shareholders through dividends and share repurchases.