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Friday, January 18, 2019 7:07:31 PM
Alamos Gold has reported record 2018 production of 505,000 ounces of gold,
an 18% increase over the 429,400oz produced in 2017, following strong
performance from its Mulatos operation in Mexico and
Island Gold operation in Canada.
Alamos obtained Island Gold in November 2017 through its acquisition of
Richmont Mines.
![](http://www.mining-journal.com/w-images/c8513c82-65a6-4763-a0f8-ba68508d0127/3/islandgoldphoto2-1024x475.jpg)
https://www.mining-journal.com/gold-and-silver-news/news/1354324/alamos-produces-record-505-000oz-gold
Alamos Gold Inc. (TSX:AGI; NYSE:AGI) (“Alamos” or the “Company”) today
reported fourth quarter and annual 2018 production.
The Company also provided 2019 production and operating guidance.
“Alamos produced a record 505,000 ounces of gold in 2018, meeting
production guidance and marking an 18% increase from 2017.
This was driven by strong performances from Mulatos and Island Gold,
the latter setting a new record for production and continuing to
demonstrate strong potential for growth in mineral reserves and
resources,” said John A. McCluskey, President and Chief Executive
Officer.
“We expect a similar rate of production in 2019 with lower costs
driving stronger margins.
Lower costs are expected to result from improvements at Young-Davidson
and low-cost production growth at Island Gold.
Looking forward to the second half of 2020, we expect Alamos to
transition from reinvesting in growth to generating strong free cash
flow.
With long-life production from our existing operations at declining
costs, a leading portfolio of high return growth projects, and a
strong, debt-free balance sheet, Alamos is well positioned to deliver
on this growth,” Mr. McCluskey added.
https://www.alamosgold.com/news-and-media/news-releases/news-releases-details/2019/Alamos-Reports-Fourth-Quarter-2018-Production-and-Provides-2019-Outlook/default.aspx
ALAMOS GOLD REPORTS ADDITIONAL HIGH-GRADE INTERCEPTS AT ISLAND GOLD INCLUDING BEST SURFACE DIRECTIONAL INTERSECTION TO DATE WITHIN WESTERN EXTENSION
01/10/2019
Download this Press Release (PDF 5.75 MB)
TORONTO, Jan. 10, 2019 (GLOBE NEWSWIRE) --
Alamos Gold Inc. (TSX:AGI; NYSE:AGI) (“Alamos” or the “Company”) today
reported new results from surface and underground exploration drilling at
the Island Gold Mine.
Drilling throughout 2018, including new intercepts from the fourth
quarter, continues to extend high-grade gold mineralization across each
of the Main, Western and Eastern Extensions.
All reported drill widths are true width of the mineralized zones,
unless otherwise state
https://www.alamosgold.com/news-and-media/news-releases/news-releases-details/2019/Alamos-Gold-Reports-Additional-High-Grade-Intercepts-at-Island-Gold-Including-Best-Surface-Directional-Intersection-to-Date-within-Western-Extension/default.aspx
https://www.alamosgold.com/investors/Presentations/default.aspx
https://www.alamosgold.com
God Bless
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