Combined with lower costs, the company achieved a record-free cash flow of $106.9 million in the second quarter, up more than 300% from the first quarter of 2024, while continuing to fund the Phase 3+ Expansion at Island Gold.
“The expansion is progressing well and remains on track to be completed during the first half of 2026,” said Alamos CEO John A. McCluskey.
“With the completion of the acquisition of Argonaut earlier this month, the integration of the Magino and Island Gold mines is well underway. Given their proximity, the integration of the two operations is expected to create one of the largest and lowest cost gold mines in Canada,”
Boosted by rising gold prices, Alamos delivered record revenue of $332.6 million in Q2, a 27% year-on-year increase. The company reported adjusted net earnings of $96.9 million, or $0.24 a share.
“We remain well positioned to achieve full-year guidance and deliver significant…
