Alamos Gold shares rise 5.43% intraday after providing three-year guidance for 46% production growth by 2028 and lower costs.

Alamos Gold surged 5.43% intraday after announcing three-year operating guidance targeting 46% production growth by 2028, alongside a nearly 20% reduction in all-in sustaining costs. The company also outlined plans to expand its Island Gold mine to 20,000 tons/day and increase gold output to 1 million ounces annually by 2030, supported by Canadian asset developments. These updates, emphasizing cost efficiency and production scalability, reinforced investor confidence in the firm’s growth trajectory amid gold price volatility.