Alamos Gold Inc

About Us

Alamos Gold was formed on February 21, 2003, as a result of the amalgamation of Alamos Minerals and National Gold. Prior to the merger, both Alamos Minerals and National Gold were involved primarily in mineral exploration activities in North America.

The Company is a Canadian-based intermediate gold producer with diversified production from four operating mines in North America. This includes the Young-Davidson and Island Gold mines in northern Ontario, Canada and the Mulatos and El Chanate mines 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".

Here are some interesting historical highlights regarding Alamos Gold:
 
1536
  • Alvar Nuñez Cabeza de Vaca travelled along the Mulatos River and reported seeing evidence of gold.
 
1635
  • Mulatos was first settled by Jesuit priests intent on mining gold.
 
1806
  • Thomas Souza made the first officially registered claim.
 
1880-1910
  • Greene Gold-Silver Company produced approximately 250,000 ounces of gold at the Mina Vieja underground mine next to Mulatos.
 
1910-1922
  • Mexican Revolution stopped development in many mining districts including Mulatos.
 
1980s
  • Kennecott conducted exploration activities on the ground surrounding the Nuevo Mulatos and Tequila claims.
 
1986–1990
  • Minera Real de Angles (MRA) acquired the Nuevo Mulatos claim, carried out extensive exploration activities, and completed a pre-feasibility study outlining a mineral resource of 15.5 Mt grading 1.83 g/t Au at a cut-off grade of 1.0 g/t Au. This resource calculation is not compliant with National Instrument 43-101 and should not be relied upon.
 
2001–2003
  • National Gold Corporation (National), through its Mexican subsidiary Minas de Oro Nacional, S.A. de C.V. (MON) acquired a 100% interest in the Salamandra Property from Minera San Augusto, S.A. de C.V. (MSA), a Placer subsidiary, for cash and a sliding scale net smelter royalty.
  • Alamos Minerals optioned 50% of the assets by taking responsibility for the development of the project.
 
2003
  • Alamos Gold formed through merger of Alamos Minerals and National Gold.
 
2004
  • Alamos completed a Feasibility Study for the initial development of the Mulatos Project and a construction decision was made.
  • Highlights included an NPV (discounted at 7%) of $41m and IRR of 24.1% based on initial capital of $72m, life of mine production of 1.4m oz gold equivalent at cash costs of $174/oz.
 
2005
  • Alamos announced the pouring of its first gold dore bar at Mulatos, weighing in at 3.65 kg (117 ounces).
  • Escondida high-grade zone discovered.
 
2006
  • Development of the Mulatos Mine was completed following commissioning of the crusher and conveying system.
  • On April 1, the Company announced commercial production at the Mulatos Mine.
  • Alamos produced 101,200 ounces at an average total cash cost of $318 per ounce of gold sold.
 
2007
  • Produced 106,200 ounces at an average total cash cost of $422 per ounce of gold sold from the Mulatos Mine.
  • Balance sheet cleaned up with more than $60 million in debt eliminated.
 
2008
  • Addition of 4th stage of crushing and overland conveying and stacking system, the latter of which removed compaction issue with trucks no longer driving on the leach pad.
  • Produced 151,000 ounces at an average total cash cost of $389 per ounce of gold sold from the Mulatos Mine.
  • Gold mineral resources at La Yaqui and San Carlos at Mulatos identified.
  • Cerro Pelon gold deposit identified at Mulatos.
  • Mineral reserves for El Victor reported for the first time.
2009
 
  • Produced 178,500 ounces at an average total cash cost of $327 per ounce of gold sold from the Mulatos Mine.
  • PdA Extension discovered, containing localized zones of high-grade gold mineralization.
  • Announced acquisition of Ağı Dağı and Kirazlı high-sulphidation epithermal gold projects, located within the Biga Mineral District of northwestern Turkey.
 
2010
 
  • Completed the acquisition of the Aği Daği and Kirazlı gold projects for total consideration $91.3 million in January.
  • Delivered a Preliminary Economic Assessment (“PEA”), or Scoping Study, demonstrating robust economics for the Aği Daği and Kirazlı projects.
  • Initial mineral reserves declared for La Yaqui and Cerro Pelon projects.
  • Produced 156,000 ounces at an average total cash cost of $361 per ounce of gold sold from the Mulatos Mine.
2011
 
  • Produced 153,000 ounces at an average total cash cost of $444 per ounce of gold sold from the Mulatos Mine.
2012
 
  • Began processing ore from the Escondida high grade zone through the newly constructed gravity mill.
  • Produced a record 200,000 ounces at an average total cash cost of $438 per ounce of gold sold from the Mulatos Mine.
  • Achieved two key milestones, producing the one millionth ounce of gold and generating the billionth dollar of revenue from Mulatos since the start of operations.
2013
 
  • Listed on NYSE.
  • Acquired Esperanza Resources and its flagship Esperanza gold project located in Morelos State, Mexico. The acquisition was completed on August 30, 2013 for net cash of $44.7 million and the issuance of 7.2 million warrants.
  • Acquired Orsa Ventures and its right to earn a 100% interest in the Quartz Mountain Property in Oregon. The acquisition was completed on September 13, 2013 for cash of $3.5 million.
  • Received final signatures approving Kirazlı Environmental Impact Assessment.
  • Produced 190,000 ounces of gold at an average total cash cost of $496 per ounce.
 
2014
 
  • Produced 140,500 ounces of gold at an average total cash cost of $703 per ounce from the Mulatos Mine.
  • Acquired surface rights at Cerro Pelon and La Yaqui.
  • Received final signatures approving Ağı Dağı Environmental Impact Assessment.
 
2015
 
  • Completed merger with AuRico Gold, creating leading intermediate gold producer.
  • Achieved production and cost guidance with production of 380,000 ounces of gold at an average total cash cost of $766 per ounce.
  • Announced discovery of new zones of mineralization at Cerro Pelon and La Yaqui.
  • Consolidated ownership of Lynn Lake Project with acquisition of Carlisle Goldfields.
 
2016
 
  • Achieved guidance with record production of 392,000 ounces at an average total cash cost of $797 per ounce.
  • Increased combined mineral reserves and resources at La Yaqui to 536,000 ounces, marking a 570% increase since the end of 2014.
  • Received final approval of the La Yaqui Phase I Environmental Impact Assessment.
  • Global Proven and Probable mineral reserves increased 31% to 7.7 million ounces of gold at year-end 2016 reflecting significant increase at La Yaqui and initial reserves at Kirazlı and Ağı Dağı.
 
2017
 
  • Received Forestry Permits for Kirazlı project.
  • Completed positive Feasibility Studies on Kirazlı and Ağı Dağı projects and a Preliminary Economic Assessment on Çamyurt project.
  • Completed US$250 million equity financing and subsequently retired US$315 million senior secured notes.
  • Acquired Richmont Mines and its Island Gold mine, located in Ontario, Canada.
 

Development Boomtruck Operator
  • Safely move material as directed. Report and document all material moved accurately to his/her Supervisor;
  • Accurately report to supervisor the material needed in storage areas U/G
Rock Breaker Operator
  • Operate rock-breaker;
  • Perform pre-op and post-op inspections on equipment
Scissordeck Bolter
  • Install ground support as per company standard;
  • Install and maintain services;
  • Load development rounds
Ground Control Engineer
  • QAQC of shotcrete, ground support installation, grouting, ground support auditing and paste fill;
  • Document inspections of underground stoping and development;
  • Rock mass characterisation and classification
Mine Engineer
  • Assist with blast improvement investigations;
  • Look for opportunities to improve efficiencies;
  • Provide guidance to EIT’s
Construction Miner - Transmixer
  • Operate equipment such as transmixer and shotcrete sprayer;
  • Assist in installation, modification and repairs of UG infrastructures
Geological Technician/or Junior Geologist
  • 3D digitizing of underground geological mapping and integration into 3D mining software.
  • Digitize geological surface geological mapping lithology, structure and mineralization
  • Digitize chip sampling of ore development headings as required
Mill Operator/Labourer
  • Works and ensure all workers work in compliance with the Occupational Health & Safety Act, Regulations for Mines and Mining Plants and all other applicable government standards and regulations;
  • Adheres to and enforces all safety and environmental considerations
Document Control Coordinator - Phase III
  • Implement document and data management solutions with a primary focus on workflow, document control, information security and records management.
  • Provide ongoing training and support to end users in the use of the document management system.
  • Ensure project and operations teams comply with the document management requirements and procedures
Project Controls Manager - Phase III
  • Development and implementation of project controls systems and procedures.
  • Working with accounting personnel to ensure accurate reporting and approval of accruals, forecasts, and project status.
  • Early identification and notification of deviations and variances to project baseline schedule and spend