Skip to Content News Archives Economy Energy Oil & Gas Renewables Electric Vehicles Mining Commodities Agriculture Real Estate Mortgages Mortgage Rates Finance Banking Insurance Fintech Cryptocurrency Work Wealth Smart Money Wealth Management Investor Personal Finance Family Finance Retirement Taxes High Net Worth FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials More Innovation Information Technology FP500 Podcasts Small Business Lives Told Tails Told Shopping Financial Post Store Obituaries Place a Notice Advertising Advertising With Us Advertising Solutions Postmedia Ad Manager Sponsorship Requests Classifieds Place a Classifieds ad Working Profile Settings My Subscriptions Saved Articles My Offers Newsletters Customer Service FAQ News Economy Energy Mining Real Estate Finance Work Wealth Investor FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials HomeMiningNewsAlamos gold shares plunge on output cut after earthquake at mineThe company is among Canada’s larger gold producers, with annual output hitting nearly 550,000 ounces last yearAuthor of the article: You can save this article by registering for free here. Or sign-in if you have an account.Two seismic events last week damaged underground infrastructure at its Young-Davidson operations in Ontario, preventing access to high-grade ore that was due to be mined. Photo by Handout/Alamos Gold/PostmediaAlamos Gold Inc. shares fell the most since 2020 after the Canadian company cut second-quarter production guidance following earthquakes that damaged a key mine.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountorShares of Alamos sank as much as 20 per cent on Friday in Toronto, a day after the company trimmed its quarterly gold production forecast to between 130,000 ounces and 135,000 ounces — a 12 per cent decrease from previous guidance based on the midpoint of the range.Output for the year is also expected to fall below previously issued guidance, while costs are seen rising, the Toronto-based company said in a Thursday statement. Alamos will provide revised annual output and cost figures in late July.SUBSCRIBER EXCLUSIVE: FP West: Energy Insider brings you behind the oilpatch’s closed doors with exclusive insights from insiders every Wednesday morning.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of FP West: Energy Insider will soon be in your inbox.We encountered an issue signing you up. Please try againTwo seismic events last week damaged underground infrastructure at its Young-Davidson operations in Ontario, preventing access to high-grade ore that was due to be mined in the second quarter, the company said. Alamos plans to implement additional ground support to Young-Davidson — its second-largest producing mine — throughout the second half of this year, it added.Alamos is among Canada’s larger gold producers, with annual output hitting nearly 550,000 ounces last year. The company has outlined plans to increase production to one million ounces by 2030. Join the Conversation This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.