Gold Mining Stocks Plunge 8%... 1.7 Trillion Won Disappeared in a Day

Alamos Gold Inc. (NYSE: AGI) closed at $39.98 on the New York Stock Exchange on April 14, down 8.01% for the day. Trading volume reached approximately 1.83 million shares, and the company’s market capitalization—about $16.8 billion (roughly KRW 23 trillion)—saw roughly $1.2 billion (around KRW 1.7 trillion) erased in a single session.

In its Q1 2026 earnings report released at the end of April, Alamos reported revenue of about $597 million, diluted earnings per share of $0.45, and adjusted EPS of $0.55, marking substantial year-over-year growth and generating over $100 million in free cash flow. In February, it also increased its annual dividend by 60% to $0.16 per share and reaffirmed its plan to raise annual gold production to approximately one million ounces by 2030, underscoring its commitment to growth and shareholder returns.

Headquartered in Toronto, Canada, Alamos Gold is a mid-tier gold producer operating three mines in North America: the Island Gold District and the Young-Davidson Mine in Ontario, Canada, and the Mulatos Mine in Sonora, Mexico. The company is aggressively pursuing production and cash-flow growth over the coming years through major development and expansion projects, including the Lynn Lake and Island Gold District expansion projects in Ontario and the PDA Project in Mexico.