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Alamos Gold Lifts Global Reserves 32% on Island Gold Gains, Boosts 2026 Exploration Spend

Story Highlights
  • Alamos Gold’s global proven and probable reserves rose 32 percent to 15.9 million ounces in 2025, led by a 125 percent increase at Island Gold and a 56 percent gain at Magino, alongside higher average grades.
  • Measured and indicated resources increased, inferred resources dropped on strong reserve conversion, and Alamos set a record US$97 million exploration budget for 2026 to drive further reserve and resource growth.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Alamos Gold Lifts Global Reserves 32% on Island Gold Gains, Boosts 2026 Exploration Spend

Meet Samuel – Your Personal Investing Prophet

Alamos Gold ( (TSE:AGI) ) has provided an update.

On February 17, 2026, Alamos Gold reported its updated mineral reserves and resources as of December 31, 2025, highlighted by a 32% increase in global proven and probable gold reserves to 15.9 million ounces, with average grades rising 5% to 1.87 g/t. The company attributed much of this growth to a 125% surge in high-grade reserves at Island Gold to 5.1 million ounces and a 56% increase at Magino, while also raising its gold price assumptions for reserve and resource estimates to reflect a stronger price environment.

Measured and indicated resources grew 6% to 5.5 million ounces and inferred resources fell 63% to 2.0 million ounces, underscoring significant conversion of resources to reserves at Island Gold and Magino. Alamos signaled confidence in continued reserve and resource expansion with a record US$97 million exploration budget planned for 2026, up 37% from 2025, reinforcing the Island Gold District’s role in its long-term growth and strengthening its competitive position among intermediate gold producers.

The most recent analyst rating on (TSE:AGI) stock is a Buy with a C$80.00 price target. To see the full list of analyst forecasts on Alamos Gold stock, see the TSE:AGI Stock Forecast page.

Spark’s Take on TSE:AGI Stock

According to Spark, TipRanks’ AI Analyst, TSE:AGI is a Outperform.

The score is driven primarily by strong financial performance (high profitability, low leverage, improving returns) and supported by constructive technical trends. It is tempered by a relatively expensive valuation (P/E ~29.7 with a modest dividend) and operational/guidance risks highlighted on the latest earnings call despite record cash generation and strong liquidity.

To see Spark’s full report on TSE:AGI stock, click here.

More about Alamos Gold

Alamos Gold Inc. is a Canadian-based intermediate gold producer with shares listed on the TSX and NYSE under the symbol AGI. The company operates and develops gold mines and projects in North America, including the Island Gold District, Magino, Young-Davidson, Mulatos and Lynn Lake, with a focus on growing high-grade reserves and extending mine life through exploration.

Average Trading Volume: 947,961

Technical Sentiment Signal: Buy

Current Market Cap: C$25.87B

See more data about AGI stock on TipRanks’ Stock Analysis page.

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