Drill Results Continue to Highlight Long-Term Growth Potential at Island Gold

研报英文原文证据摘录

Drill Results Continue to Highlight Long-Term Growth Potential at Island Gold

Canada | Metals & Mining

Alamos Gold EquityJuneResearch22, 2026

FLASH NOTEDrill Results Continue to Highlight Long-Term

RATING BUYGrowth Potential at Island Gold

PRICE $36.34^

AGI announced the latest drill results at Island Gold District, indicating extended

high-grade mineralization across multiple targets - these targets are expected PRICE TARGET | % TO PT $50.00 | +38%

to feed the expanded Magino mill, increasing the blended grade. Island Gold 52W HIGH-LOW $55.41 - $23.92

District remains the main prod'n growth driver for AGI, and represents ~60% of FLOAT (%) | ADV MM (USD) 99.2% | 129.93

NAV. Today's results should be viewed as more important than the seismicity MARKET CAP $15.3B

issues at Young-Davidson (~14% of NAV). We think AGI is oversold. TICKER AGI ^Prior trading day's closing price unless otherwise

noted.

New West Extension discovery adds another source of high-grade growth. The standout

development from the release was the delineation of the new Island Gold West Extension zone,

located roughly 250-500m west of current reserves and resources. Initial drilling has outlined a

high-grade zone measuring approximately 200m by 300m, including intercepts such as 12.1 g/t

Au over 5.2m and 8.1 g/t Au over 5.6m, with the system remaining open along strike and at depth.

What stands out to us is not only the grade, but also the location. The discovery sits between Island

Gold and Magino in an area that has experienced limited historical drilling, suggesting there may

be opportunities for further resource growth. With several assays still pending, we see potential for

this zone to become a meaningful addition to future reserve inventories.