Latest News Release
September 13, 2023
Alamos Gold is a Canadian-based gold mining company that operates primarily in North America. The company was founded in 2003 and has since become a significant player in the gold mining industry. Alamos Gold operates several mines, including the Young-Davidson Mine in Ontario, Canada, and the Mulatos Mine in Sonora, Mexico.
The company's strategy is focused on responsible mining practices, operational excellence, and disciplined capital allocation. In addition, Alamos Gold is committed to sustainable mining practices and has implemented various initiatives to reduce its environmental impact and support the communities where it operates.
In addition to its mining operations, Alamos Gold is also engaged in exploring and developing new mining projects. The company has a strong balance sheet and a solid track record of delivering shareholder value.
Alamos Gold is listed on the Toronto and New York Stock Exchange. In addition, it is included in several stock indices, including the S&P/TSX Composite Index and the VanEck Vectors Gold Miners ETF.
Alamos Gold Inc. is a Canadian-based gold mining company operating in Canada, Mexico, and Turkey. The company was founded in 2003 by John A. McCluskey and is headquartered in Toronto, Ontario, Canada. Since its inception, Alamos Gold has become one of the world's leading mid-tier gold producers, focusing on responsible mining practices and community engagement.
Expansion and Growth:
In 2013, Alamos Gold acquired Aurizon Mines Ltd., a Canadian gold mining company that owned the Casa Berardi mine in Quebec. The acquisition gave Alamos Gold access to the Casa Berardi mine, which had been in operation since 1988 and had a proven track record of success.
In 2015, Alamos Gold acquired Carlisle Goldfields Limited, a Canadian gold exploration company with high-quality assets in Ontario. The acquisition gave Alamos Gold access to additional exploration projects, including the Lynn Lake gold project in Manitoba and the MacLellan gold project in Ontario.
In 2016, Alamos Gold acquired Richmont Mines Inc., a Canadian gold mining company that owned the Island Gold mine in Ontario. The acquisition gave Alamos Gold access to the Island Gold mine, a high-grade, low-cost underground gold mine with a long life.
In 2019, Alamos Gold announced that it had discovered significant new mineral resources at the Kirazli project in Turkey. In addition, the company's exploration efforts at the site had identified unknown gold mineralization.
In 2020, Alamos Gold completed the acquisition of Trillium Mining Corp., a private exploration company with a portfolio of high-quality exploration assets in Ontario. The purchase gave Alamos Gold access to additional exploration projects, including the Newman-Madsen, Gold Pike, and Oriana gold projects.
Also, in 2020, Alamos Gold announced that it had received the necessary permits to begin constructing the La Yaqui Grande project in Mexico. The La Yaqui Grande project is a high-grade open-pit gold mine that is expected to have a mine life of 10 years.