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TSX:AGI 8.11 +0.24 +3.05% Volume: 545,215 2017-12-08 20 mins delay | Get full quote
NYSE:AGI 6.30 +0.17 +2.77% Volume: 1,667,465 December 8, 2017
GOLD PRICE 1,249.15 +0.00 +0% Volume: December 10, 2017

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.

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One Million ounces

In 2012, Alamos achieved a significant milestone at Mulatos with the mine producing both its millionth ounce of production and generating its billionth dollar of revenue.

The Company is a Canadian-based intermediate gold producer with diversified production from three operating mines in North America. This includes the Young-Davidson mine 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 1,300 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 costs1 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 cost1 of $318 per ounce of gold sold.

  • 2007

    Produced 106,200 ounces at an average total cash cost1 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 cost1 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 cost1 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 cost1 of $361 per ounce of gold sold from the Mulatos Mine.

  • 2011

    Produced 153,000 ounces at an average total cash cost1 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 cost1 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 cash1 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 cash1 of $3.5 million.

    Received final signatures approving Kirazlı Environmental Impact Assessment.

    Produced 190,000 ounces of gold at an average total cash cost1 of $496 per ounce.

  • 2014

    Produced 140,500 ounces of gold at an average total cash cost1 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 cost1 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 cost1 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.

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If in any jurisdiction, any part of this disclaimer is held to be unenforceable by a court of competent jurisdiction, such part of this disclaimer shall be restricted or eliminated to the minimum extent and the remaining disclaimer shall otherwise remain in full force and effect.

Please note the information presented is deemed representative at the time of its original release. Changes in historical information may occur due to adjustments in accounting and reporting standards & procedures.

Non-GAAP Information

In addition to disclosing results determined in accordance with GAAP, AGI may also disclose certain non-GAAP and pro forma non-GAAP results of operations, including certain ratios, operational and miscellaneous data, as well as net income, diluted earnings per share, operating expenses, and operating income that make certain adjustments or exclude certain charges and gains that are outlined in the schedules included in this website. Management believes that this non-GAAP and pro forma non-GAAP information provides investors with additional information to assess AGI operating performance by making certain adjustments or excluding costs or gains and assists investors in comparing our operating performance to prior periods. Management uses this non-GAAP and pro forma non-GAAP information, along with GAAP information, in evaluating its historical operating performance. AGI and Virtua also take no responsibility for third party pricing data provided for informational purposes and certain ratio results formulated from the provided third party pricing data.

The non-GAAP information is not prepared in accordance with GAAP and may not be comparable to non-GAAP information used by other companies. The non-GAAP information should not be viewed as a substitute for, or superior to, other data prepared in accordance with GAAP.

Disclaimer

Reconciliation of non-GAAP and additional GAAP measures

General Disclaimer

Alamos Gold Inc. ("Alamos" or the “Company”), has taken all reasonable care in producing and publishing information contained in this website, and will endeavour to do so regularly. Material on this site may contain technical or other inaccuracies, omissions, or typographic errors, for which Alamos assumes no responsibility. Alamos does not warrant or make any representations regarding the use, validity, accuracy, completeness, or reliability of any claims, statements, or information on this site. Under no circumstances, including but not limited to, negligence, shall Alamos be liable for any direct, indirect, special, incidental, consequential, or other damages, including but not limited to, loss of programs, loss of data, loss of use of computer or other systems, or loss of profits, whether or not advised of the possibility of damage, arising from your use, or inability to use, the material on this site. The information is not a substitute for independent professional advice before making any investment decisions. Furthermore, you may not modify or reproduce in any form, electronic or otherwise, any information on this site, except for personal use, unless you have obtained our express written permission. The TSX and NYSE have not reviewed and do not accept responsibility for the adequacy or accuracy of information on this website.

Cautionary Notes – Forward Looking Statements

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Certain statements in this website are “forward-looking statements”, including within the meaning of the United States Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact included in this website, including without limitation statements regarding forecast gold production, gold grades, recoveries, waste-to-ore ratios, total cash costs, potential mineralization and reserves, exploration results, and future plans and objectives of Alamos, are forward-looking statements based on forecasts of future operational or financial results, estimates of amounts not yet determinable and assumptions of management that involve various risks and uncertainties. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects” or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “estimates” or “intends”, or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved) are not statements of historical fact and may be “forward-looking statements.” Alamos cautions that forward-looking information involves known and unknown risks, uncertainties and other factors that may cause Alamos' actual results, performance or achievements to be materially different from those expressed or implied by such information, including, but not limited to, gold and silver price volatility; fluctuations in foreign exchange rates and interest rates; the impact of any hedging activities; discrepancies between actual and estimated production, between actual and estimated reserves and resources or between actual and estimated metallurgical recoveries; costs of production; capital expenditure requirements; the costs and timing of construction and development of new deposits; and the success of exploration and permitting activities. In addition, the factors described or referred to in the section entitled “Risk Factors” in both Alamos Gold Inc.’s Annual Information Form for the year ended December 31, 2014 and the Annual Information Form for the year ended December 31, 2014 of AuRico Gold Inc., (each a predecessor to Alamos Gold Inc.), along with each of these entities’ subsequent public filings available on the SEDAR website at www.sedar.com, should be reviewed in conjunction with the information found in this website. Although Alamos has attempted to identify important factors that could cause actual results, performance or achievements to differ materially from those contained in forward-looking information, there can be other factors that cause results, performance or achievements not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate or that management’s expectations or estimates of future developments, circumstances or results will materialize. Accordingly, readers should not place undue reliance on forward-looking information.

Note to U.S. Investors

Alamos prepares its disclosure in accordance with the requirements of securities laws in effect in Canada, which differ from the requirements of U.S. securities laws. Terms relating to mineral resources in this website are defined in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects under the guidelines set out in the Canadian Institute of Mining, Metallurgy, and Petroleum Standards on Mineral Resources and Mineral Reserves. The United States Securities and Exchange Commission (the “SEC”) permits mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. Alamos may use certain terms, such as “measured mineral resources”, “indicated mineral resources”, “inferred mineral resources” and “probable mineral reserves” that the SEC does not recognize (these terms may be used in this website and are included in the public filings of Alamos, which have been filed with the SEC and the securities commissions or similar authorities in Canada).

Cautionary non-GAAP Measures and Additional GAAP Measures

Note that for purposes of this section, GAAP refers to IFRS. The Company believes that investors use certain non-GAAP and additional GAAP measures as indicators to assess gold mining companies. They are intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared with GAAP.
Additional GAAP measures that are presented on the face of the Company’s consolidated statements of comprehensive income include “Mine operating costs”, “Earnings from mine operations” and “Earnings from operations”. These measures are intended to provide an indication of the Company’s mine and operating performance. “Cash flow from operating activities before changes in non-cash working capital” is a non-GAAP performance measure that could provide an indication of the Company’s ability to generate cash flows from operations, and is calculated by adding back the change in non-cash working capital to “Cash provided by (used in) operating activities” as presented on the Company’s consolidated statements of cash flows. “Free cash flow” is a non-GAAP performance measure that is calculated as cash flows from operations net of cash flows invested in mineral property, plant and equipment and exploration and evaluation assets as presented on the Company’s consolidated statements of cash flows and that would provide an indication of the Company’s ability to generate cash flows from its mineral projects. Return on Equity is defined as Earnings from Continuing Operations divided by the average Total Equity for the current and previous year. “Mining cost per tonne of ore” and “Cost per tonne of ore” are non-GAAP performance measures that could provide an indication of the mining and processing efficiency and effectiveness of the mine. These measures are calculated by dividing the relevant mining and processing costs and total costs by the tonnes of ore processed in the period. “Cost per tonne of ore” is usually affected by operating efficiencies and waste-to-ore ratios in the period. “Cash operating costs per ounce”, “total cash costs per ounce” and “all-in sustaining costs per ounce” as used in this analysis are non-GAAP terms typically used by gold mining companies to assess the level of gross margin available to the Company by subtracting these costs from the unit price realized during the period. These non-GAAP terms are also used to assess the ability of a mining company to generate cash flow from operations. There may be some variation in the method of computation of these metrics as determined by the Company compared with other mining companies. In this context, “cash operating costs per ounce” reflects the cash operating costs allocated from in-process and dore inventory associated with ounces of gold sold in the period. “Cash operating costs per ounce” may vary from one period to another due to operating efficiencies, waste-to-ore ratios, grade of ore processed and gold recovery rates in the period. “Total cash costs per ounce” includes “cash operating costs per ounce” plus applicable royalties. Cash operating costs per ounce and total cash costs per ounce are exclusive of exploration costs. “All-in sustaining costs per ounce” include total cash costs, exploration, corporate and administrative, share based compensation and sustaining capital costs. Non-GAAP and additional GAAP measures do not have a standardized meaning prescribed under IFRS and therefore may not be comparable to similar measures presented by other companies. For a reconciliation of non-GAAP and GAAP measures, please refer to Alamos’ Managements’ Discussion and Analysis as presented on SEDAR and the Company’s website.

Technical Information

Except as otherwise noted herein, Chris Bostwick, FAusIMM, Alamos Gold’s Vice President, Technical Services, has reviewed and approved the scientific and technical information contained in this website. Chris Bostwick is a Qualified Person within the meaning of Canadian Securities Administrator’s National Instrument 43-101. For more information, please refer to the Alamos Gold Inc. and AuRico Gold Inc. 2014 Annual Information Forms and the technical reports referenced therein and in this website, available on SEDAR (www.sedar.com).

© 2017 ALAMOS GOLD INC. ALL RIGHTS RESERVED