Alamos Gold Targets 2025 Surge With PDA Ramp-Up, Island Expansion and $72M Investment

Alamos Gold just dropped a game-changing deal. President and CEO John McCluskey sits down with Kitco Mining’s Jeremy Szafron at the 2025 Mining Forum Americas to break down the sale of Alamos’ Turkish development assets for a headline-making $470 million cash payout. With bank-guaranteed installments and a clean exit from its BIT claim, McCluskey reveals the company will use the first $160 million to slash debt to under $100 million—putting Alamos in rare financial territory.

But that’s just the beginning. Q2 numbers show 137,000 ounces produced at over 50% margin, driven by Island Gold–Magino integration and a 10,000 tpd mill expansion. McCluskey lays out a bold future: 550,000 ounces annually at just $1,000 AISC. In Mexico, the $125M PDA underground and mill projects are ramping up to deliver 140,000 ounces. And with $72 million in exploration targeting long-term scalability, Alamos is locking in real growth. This is gold investing with a playbook built for power, profit, and precision.

Kitco Mining is dedicated to reporting on the mining industry. Our mandate is to be the top resource for all mining information and news, offering a clear perspective on where the industry is going through breaking news coverage, mining trends, and in-depth reporting, presented with precious, rare earth, base metals, and industry stock prices.

Get important precious and base metal updates while on the go with the Kitco Gold LIVE! app - https://applications.kitco.com

Stay connected with us
X - https://x.com/KitcoMining
Instagram - https://www.instagram.com/kitcomining
LinkedIn - https://www.linkedin.com/company/kitco-mining
Facebook - https://www.facebook.com/KitcoMining

Connect with the Kitco Mining anchors
Paul Harris - https://x.com/paulharrisgold

For more in-depth mining coverage, visit us here - https://www.kitco.com/mining

Disclaimer: Videos are not trading advice, and the views expressed may not reflect those of Kitco Metals Inc.