Please login or register to join our webinar.

E-mail address:
Password:
Forgot your password?
Log in
REGISTRATION
Home > Mining Companies > AuRico Gold > News > Alamos Gold Announces...
AuRico Gold

Alamos Gold Announces Completion of Lower Mine Expansion at Young-Davidson Mine

Jul 8, 2020
TORONTO, July 08, 2020 (GLOBE NEWSWIRE) -- Alamos Gold Inc. (TSX:AGI; NYSE:AGI) (“Alamos” or the “Company”) today announced that it has completed the lower mine expansion at Young-Davidson with the successful commissioning of the Northgate shaft.
 
“This marks a significant milestone for Young-Davidson and turning point for Alamos as we transition from a reinvestment phase to a period of strong free cash flow growth. I would like to congratulate the entire team at Young-Davidson for this historic achievement which will unlock the full potential of the operation. With a 13 year mineral reserve life, large resource base, and significant exploration potential, Young-Davidson is well positioned to deliver solid free cash flow over the long term,” said John A. McCluskey, President and Chief Executive Officer. 
 
In addition to the Northgate shaft, the underground crusher and conveyor system have also been successfully commissioned. Mining rates are expected to ramp up through the second half of the year to 7,500 tonnes per day by the end of 2020. This is expected to drive strong free cash flow growth at Young-Davidson and company-wide in the second half of 2020 and beyond.
 
About Alamos
 
Alamos is a Canadian-based intermediate gold producer with diversified production from three operating mines in North America. This includes the Young-Davidson and Island Gold mines in northern Ontario, Canada and the Mulatos mine in Sonora State, Mexico. Additionally, the Company has a significant portfolio of development stage projects in Canada, Mexico, Turkey, and the United States. Alamos employs more than 1,700 people and is committed to the highest standards of sustainable development. The Company’s shares are traded on the TSX and NYSE under the symbol “AGI”.
 
FOR FURTHER INFORMATION, PLEASE CONTACT:
 
Scott K. Parsons
Vice President, Investor Relations
(416) 368-9932 x 5439
 

Source: http://www.auricogold.com/news-and-events/default.aspx#news--widget

Latest news
Alamos Gold Provides Notice of Third Quarter 2020 Results and Conference Call
Alamos Gold Reports Best Surface Exploration Hole to Date at Island Gold with High-Grade Gold Mineralization Intersected across Significantly Greater Widths Down-Plunge from Existing Mineral Resources
Alamos Gold Declares Quarterly Dividend
Alamos Gold Announces Appointment of Vice President, Exploration
Alamos Gold Files Technical Report for the Island Gold Mine
View More News
Magazine
October 15, 2014
Corporate Presentation March 2021
Inside this issue
Digital edition
Career Opportunities
MILL PLANNER

Reporting to the Mill General Foreman, the Mill Planner is responsible for planning and scheduling mill mechanical maintenance, shut down and project work, collaborating with the Electrical and Mobile Planners, Mill Supervisors, Operators, Millwrights and Process Engineers.
Director, Sustainability

The Director, Sustainability is responsible for supporting and executing Alamos’ company-wide sustainability strategy with a focus on environmental aspects including, regulatory compliance, environmental permitting as well as stakeholder and community engagement.
Geologist (Core Logger)

Reporting to the Sr. Exploration Geologist, the Geologist will focus on carrying out exploration programs related to geological mapping, geochemical sampling programs, geophysical surveys and drilling and to ensure service and/or operating standards are met (internally and/or externally). 
More Careers