Alamos Gold Plans Island Gold Expansion to 20,000 TPD with $12.2 Billion NPV

Alamos Gold has announced plans to expand its Island Gold District operations to a processing capacity of 20,000 tonnes per day (TPD). The expansion is set to position the site as one of Canada’s largest and lowest-cost gold mines. According to the company, the project demonstrates strong economic potential with an after-tax internal rate of return (IRR) of 69% and a net present value (NPV) of $12.2 billion at a gold price of $4,500 per ounce.

The proposed expansion will significantly increase production capacity while maintaining low operating costs. Alamos Gold highlighted that this development aligns with its long-term growth strategy in the region. The company projects substantial financial returns based on current gold market conditions and anticipates that the expanded operation will enhance its overall output and efficiency. Further details regarding timelines or additional investments were not disclosed in this announcement.

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Date: February 4, 2026

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GOAI