Alamos Gold Inc. (the "Company") was formed on February 21, 2003 as a result of the amalgamation of Alamos Minerals and National Gold. Prior to the amalgamation, both Alamos Minerals and National Gold were involved primarily in exploration activities in Canada and/or Mexico.
The Company owns 100% of the 28,500 hectare Salamandra Concessions located in the state of Sonora in northwest Mexico. The Salamandra Concessions includes the Mulatos Mine and more than nine other exploration targets throughout the district.
Over the past three years, the Company has focused on continued operating improvements, resulting in record production in 2008 of 151,000 ounces of gold. In addition, the Company has invested in aggressive exploration programs to increase reserves and resources. The Company began mining operations in June 2005 and announced commercial production on April 1, 2006. The Company has recently completed its second full year of commercial operations in 2008.
Some historical tidbits regarding the Company and the Salamandra group of concessions are presented below:
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1536 |
- Alvar Nuñez Cabeza de Vaca traveled along the Mulatos River and reported seeing evidence of gold.
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1635 |
- Mulatos was first settled by Jesuit priests intent on mining gold.
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1806 |
- Thomas Souza makes the first officially registered claim.
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1880s- 1910 |
- Greene Gold-Silver Company produces approximately 250,000 ounces of gold at the Mina Vieja underground mine next to Mulatos.
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1910-1922 |
- Mexican Revolution stops development in many mining districts including Mulatos.
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1980s |
- Kennecott conducts exploration activities on the ground surrounding the Nuevo Mulatos and Tequila claims.
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1986-1990 |
- Minera Real de Angles (MRA) acquires the Nuevo Mulatos claim, carries out extensive exploration activities and completes 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.
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2001-2003 |
- National Gold Corporation (National), through its Mexican subsidiary Minas de Oro Nacional, S.A. de C.V. (MON) acquires 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 (AM) options 50% of the assets by taking responsibility for the development of the project.
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2003 |
- Alamos Minerals and National Gold merge to form Alamos Gold Inc.
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| 2004 |
- Alamos concluded a Feasibility Study for the Phase One development of the Mulatos Project.
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| 2005 |
- Alamos announced the pouring of its first gold dore bar weighing in at 3.65 kg. (117 ounces) at its Mulatos open-pit mine in Mexico.
- Discovery of the high-grade Escondida zone.
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| 2006 |
- Phase I development of the Mine was complete following commissioning of the crusher and conveying system.
- In April, the Company announced commercial production at the Mulatos Mine.
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