Alamos Gold reports Q3 adjusted EPS 37c, consensus 36c

Reports Q3 revenue $462.3M vs. $360.9M last year. Produced 141,700 ounces of gold, a 3% increase from Q2. “We delivered a number of new financial records in the third quarter including record free cash flow of $130 million, while continuing to fund our high-return growth projects. This was driven by a further increase in production to 141,700 ounces and significant margin expansion,” said CEO John McCluskey. “Given unplanned downtime of the Magino mill at the end of September, and lower expected underground grades from Island Gold due to a seismic event in October, we are revising our 2025 production guidance lower by approximately 6%. These challenges are short-term and are not reflective of our strong outlook, nor our long-term track record. We expect a significant improvement starting in the fourth quarter with an 18% increase in production, and a 5% decrease in costs”.