Alamos Gold Reports 32% Increase in Global Gold Reserves, Driven by 125% Growth at Island Gold
AGI sits 98% above its 52-week low of $22.035.
Summary
Alamos Gold announced a 32% increase in global gold reserves, with a 125% surge at its key Island Gold asset, reinforcing its long-term production outlook and supporting its expansion plans.
Key Events · Earnings and Guidance · AGI
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Global Mineral Reserves Increase Significantly
Proven and Probable Mineral Reserves increased 32% to 15.9 million ounces of gold as of December 31, 2025, with grades also increasing 5% to 1.87 g/t Au.
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Island Gold Reserves More Than Double
Island Gold's Mineral Reserves surged by 125% to 5.1 million ounces (15.1 mt grading 10.61 g/t Au), driven by successful resource conversion.
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Magino Reserves Show Strong Growth
Magino's Mineral Reserves increased 56% to 3.1 million ounces, primarily due to the conversion of Mineral Resources.
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Record Exploration Budget for 2026
The company plans a record global exploration budget of $97 million in 2026, a 37% increase from 2025, to further expand its resource base.
Analysis · AGI · Energy & Transportation
Alamos Gold Inc. has reported a substantial 32% increase in its global Proven and Probable Mineral Reserves, reaching 15.9 million ounces of gold, with overall grades also improving by 5%. This significant growth is primarily attributed to the Island Gold District, where Mineral Reserves more than doubled, increasing by 125% to 5.1 million ounces. This robust reserve growth provides a strong foundation for the company's long-term production profile and directly underpins the recently announced Island Gold District Expansion Study from February 4, 2026, which projects a significant increase in production. The company's commitment to future growth is further evidenced by a record $97 million exploration budget for 2026, a 37% increase from the previous year, indicating continued investment in expanding its resource base.
At the time of this filing, AGI was trading at $43.53 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $18.2B. The 52-week trading range was $22.04 to $46.66. This filing was assessed with positive market sentiment and an importance score of 9 out of 10.