Alamos Gold shares fell sharply after the company lowered its second-quarter and full-year 2026 production guidance due to seismic activity at its Young-Davidson mine in Ontario. Bank of America reduced its price target on the stock to $50 from $57. The company now expects Q2 2026 gold production of 130,000 to 135,000 ounces, a 12% decline from the midpoint of its prior forecast, and full-year consolidated production below the low end of its 570,000 to 650,000 ounce guidance range. Total cash costs are expected to exceed the previously guided $1,020 to $1,120 per ounce. As of 10:27 a.m. ET, the stock was down 14.6%.
Alamos Gold IncSeismic activity at Young-Davidson mine cuts production guidance for Q2 2026 and full year.
Bank of America Corp