“Alamos Gold Inc. has refiled its consolidated financial statements for the years ended December 31, 2025, and 2024, following the discovery of administrative errors in the attached audit opinions. The refiling, submitted to SEDAR+ and EDGAR, addresses clerical issues in the audit opinion text only, with no revisions to the company’s reported financial results, production figures, or operational metrics for 2025. This routine corrective measure ensures full compliance with regulatory requirements while underscoring the strength of Alamos’ recent performance, including record revenues, earnings, and free cash flow amid a favorable gold price environment.”
Alamos Gold Refiles 2025 and 2024 Financials Over Minor Audit Opinion Glitch
Alamos Gold Inc., a leading North American gold producer listed on both the TSX and NYSE under the ticker AGI, disclosed on February 19, 2026, that it had refiled its audited consolidated financial statements for the fiscal years ended December 31, 2025, and December 31, 2024. The action stems from administrative errors identified in the audit opinions accompanying these documents.
The errors were purely textual and clerical in nature, confined to the wording within the independent auditor’s report attached to the financial statements. No adjustments were required to any of the underlying financial data, including revenue, net earnings, adjusted earnings, cash flows, or balance sheet items. The refiled versions have been posted to SEDAR+ in Canada and EDGAR with the U.S. Securities and Exchange Commission to maintain transparency and regulatory compliance.
This development comes just one day after Alamos released its fourth-quarter and full-year 2025 results, which highlighted a standout year for the company despite some operational headwinds at certain sites. In 2025, Alamos achieved record operating revenues approaching $1.8 billion, driven by higher realized gold prices and solid output across its portfolio. The company sold 531,230 ounces of gold during the year, with production levels supported by contributions from the Island Gold District, including a full year of output from the Magino mine following its integration.
Net earnings for the full year reached $885.8 million, or $2.11 per basic share, a substantial increase from prior-year levels. Adjusted net earnings stood at $587.1 million, or $1.40 per share, after accounting for one-time items such as gains on asset sales, impairment reversals, hedge-related losses, and foreign exchange impacts. The fourth quarter alone delivered reported net earnings of $434.9 million, or $1.03 per share, with adjusted net earnings of $227.6 million, or $0.54 per share.
Cash flow metrics were equally impressive. The company generated record free cash flow of $351.7 million for the year, bolstering its liquidity position. Cash and cash equivalents climbed to $623.1 million by year-end, resulting in net cash of $423.1 million and total liquidity of approximately $1.2 billion. This robust balance sheet positions Alamos to self-fund ongoing growth initiatives, including underground development at PDA within the Mulatos District and expansions at Island Gold.
The refiling does not impact any of these reported figures or the company’s strategic trajectory. Alamos has emphasized that the administrative issue was isolated to the audit opinion language and did not reflect any restatement of financial performance or internal control weaknesses beyond the clerical scope.
In the broader context of 2025 operations, Alamos navigated a mixed production environment. The Mulatos District in Mexico faced lower output due to residual leaching dynamics and timing of recoveries, though it still contributed strongly to free cash flow, including $221.5 million mine-site free cash flow for the year. Meanwhile, the Island Gold District in Ontario benefited from synergies post-Magino acquisition, helping offset challenges elsewhere.
Recent corporate actions further highlight confidence in the outlook. Alamos announced a 60% increase in its annual dividend to $0.16 per share, reflecting growing free cash flow and a commitment to shareholder returns. The company also reported significant growth in Mineral Reserves, up 32% to 15.9 million ounces globally as of December 31, 2025, with higher grades driven by conversions at Island Gold and Magino.
For investors, this refiling represents a non-material housekeeping matter that does not alter the fundamental investment thesis for Alamos Gold. The company continues to benefit from elevated gold prices, a diversified North American asset base, and a clear path toward production growth, with longer-term targets pointing toward significantly higher output levels in the coming years through projects like the Island Gold expansion and PDA development.
The timely correction ensures all filings remain accurate and compliant, allowing shareholders and analysts to rely on the robust 2025 results as originally disclosed.
Disclaimer: This article is for informational purposes only and does not constitute investment advice, financial recommendations, or a solicitation to buy or sell securities. Investors should conduct their own research and consult professional advisors before making decisions.