Alamos Gold Announces Completion of Phase I Expansion at Island Gold
20 Septiembre 2018 - 6:00AM
Alamos Gold Inc. (
TSX:AGI;
NYSE:AGI) (“Alamos” or the “Company”) today reported the
completion of the Phase I expansion of the Island Gold mine to
1,100 tonnes per day (“tpd”) on schedule. This included the
successful commissioning of the expanded mill which is now
operating at its targeted rate of 1,100 tpd, up from the previous
name plate capacity of 900 tpd.
“The completion of the Phase l expansion
represents another significant step forward in the growth and
evolution of the Island Gold mine. We expect higher grades and
throughput to drive significant production and free cash flow
growth from the operation over the next year,” said John A.
McCluskey, President and Chief Executive Officer.
Qualified Persons
Chris Bostwick, FAusIMM, Alamos’ Vice President,
Technical Services, who is a qualified person within the meaning of
National Instrument 43-101 ("Qualified Person"), has reviewed and
approved the scientific and technical information contained in this
press release.
About Alamos
Alamos 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”.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Scott K.
Parsons |
|
Vice President,
Investor Relations |
|
(416) 368-9932 x
5439 |
|
All amounts are in United States dollars,
unless otherwise stated.
The TSX and NYSE have not reviewed and do not
accept responsibility for the adequacy or accuracy of this
release.
Cautionary Note
This news release includes certain statements
that constitute forward-looking information within the meaning of
applicable securities laws ("Forward-looking Statements"). All
statements in this news release, other than statements of
historical fact, which address events, results, outcomes or
developments that Alamos expects to occur are Forward-looking
Statements. Forward-looking Statements are generally, but not
always, identified by the use of forward-looking terminology such
as "expects", is expected", "anticipates", "plans" or “is planned”,
“trends”, "estimates", "intends" or “potential” or variations of
such words and phrases and similar expressions or statements that
certain actions, events or results "may", "could", "would",
"might" or "will" be taken, occur or be achieved or the negative
connotation of such terms. Forward-looking Statements in this news
release include the statements with respect to the Company’s
production and free cash flow growth and other information that is
based on forecasts and projections of future operational,
geological or financial results, estimates of amounts not yet
determinable and assumptions of management.
Alamos cautions readers not to place undue
reliance on the forward-looking statements in the information and
content on this news release as a number of factors could cause
actual future results, conditions, actions or events to differ
materially from the targets, outlooks, expectations, goals,
estimates or intentions expressed in the Forward-looking
Statements. These factors include, but are not limited to: risks
related to obtaining and maintaining necessary permits, licenses
and authorizations required to carry out planned exploration or
development work, the actual results of current exploration
activities, conclusions of economic and geological evaluations,
changes in project parameters as plans continue to be refined and
fluctuations the price of gold.
Additional risk factors and details with respect to risk factors
affecting the Company are set out in the Company’s latest Annual
Information Form and MD&A, each under the heading “Risk
Factors”, available on the SEDAR website at www.sedar.com or on
EDGAR at www.sec.gov. The foregoing should be reviewed in
conjunction with the information found in this news release.
The Company disclaims any intention or obligation to update or
revise any forward-looking statements, whether written or oral, or
whether as a result of new information, future events or otherwise,
except as required by applicable law.
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