Alamos Gold Targets 1M Ounces by 2030 as Island Gold, Lynn Lake Drive Growth
Alamos Gold (AGI) aims to produce 1M ounces of gold annually by 2030, driven by growth at Island Gold and Lynn Lake. Lynn Lake, under construction, is expected to add 200,000 ounces yearly with low costs. Young-Davidson mine faced output cuts due to a seismic event but plans to restore access. AGI reported $250M in free cash flow for H1 2023, with plans to exceed $1.5B annually by 2029. The company increased dividends, repurchased shares, and retired most hedges.





