1559 GMT - Alamos Gold has had a bout of bad luck as external events forced it to cut output guidance, but the company's Island Gold District remains a bright spot, National Bank's Don DeMarco says. The analyst notes that two seismic events at Young-Davidson "impacted access to higher-grade stopes," and storm-related outages caused "unplanned downtime," driving a 12% cut to 2Q production guidance and lower FY26 expectations. DeMarco says the setbacks are "transient, yet extend beyond 2Q," with mining rates easing to about 5,000 metric tons per day for the rest of the year. Still, he says that Island Gold is on track and continues to anchor the company's 2026 growth outlook. DeMarco cuts the stock's price target to C$80 from C$87. Shares are down 17% at C$42.64. (adriano.marchese@wsj.com)
(END) Dow Jones Newswires
June 19, 2026 11:59 ET (15:59 GMT)
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