Alamos Gold Reports Q4 Production Of 141,500 Ounces Consistent With Q3: Production For The Full Year Totaled 545,400 Ounces
Benzinga Newsdesk 9 months ago
NewsGeneral
Fourth quarter production of 141,500 ounces was consistent with the third quarter: production for the full year totaled 545,400 ounces. Both fourth quarter and full year production were below guidance reflecting lower
- Fourth quarter production of 141,500 ounces was consistent with the third quarter: production for the full year totaled 545,400 ounces. Both fourth quarter and full year production were below guidance reflecting lower production from the Island Gold District and Young-Davidson, in part due to weather related downtime in late December
- Record financial performance: sold 142,149 ounces of gold at an average realized price of $3,997 per ounce for record quarterly revenues of $568 million, inclusive of silver sales. The average realized gold price was below the London PM Fix price, reflecting the delivery of the final 12,346 ounces into the gold prepayment facility executed in July 2024 based on the prepaid price of $2,524 per ounce. The 2024 prepayment obligation has now been completed. Full year sales totaled 531,230 ounces of gold at an average realized price of $3,372 per ounce, generating record annual revenues of $1.8 billion. The strong margin expansion is also expected to drive record quarterly and annual free cash flow
- Growing cash position of $623 million: as of December 31, 2025, up from $463 million at the end of the third quarter, and $327 million at the end of 2024. This reflects strong ongoing free cash flow generation, while continuing to reinvest in high-return growth, supporting increased shareholder returns, debt reduction, and the repurchase of hedges
- Reduced debt outstanding to $200 million: repaid $50 million of the debt inherited from Argonaut Gold during the fourth quarter, leaving $200 million drawn on its credit facility at the end of 2025
- Eliminated half of 2026 legacy Argonaut gold hedges: in the fourth quarter with the repurchase and elimination of all forward sale contracts that mature in the first half of 2026. These contracts totaled 50,000 ounces at an average price of $1,821 per ounce. The cost to eliminate the hedges was $113.5 million, at an effective price of approximately $4,091 per ounce, providing further upside to current gold prices. This was funded by $63.5 million in cash and a gold sale prepayment for $50.0 million in exchange for the delivery of 12,255 ounces in the first half of 2026
- Increased shareholder returns: repurchased 928,729 shares in November at a cost of $28.8 million, or $30.96 per share. For the full year, 1,326,929 shares were repurchased for $38.8 million. Including dividends and share buybacks, a record $81 million was returned to shareholders in 2025