Alamos Gold Inc. (Alamos) is a mining company engages in the mining and extraction of, and exploration for, precious metals, primarily gold.
Alamos owns and operates the Young-Davidson mine (referred to herein as the 'Young-Davidson Mine' or 'Young-Davidson'), the Island Gold mine (referred to herein as the 'Island Gold Mine' or 'Island Gold') in Ontario, Canada, the Magino mine (referred to herein as the 'Magino Mine' or 'Magino') in Ontario, Canada, and the Mulatos mine (the 'Mulatos Mine' or...
Alamos Gold Inc. (Alamos) is a mining company engages in the mining and extraction of, and exploration for, precious metals, primarily gold.
Alamos owns and operates the Young-Davidson mine (referred to herein as the 'Young-Davidson Mine' or 'Young-Davidson'), the Island Gold mine (referred to herein as the 'Island Gold Mine' or 'Island Gold') in Ontario, Canada, the Magino mine (referred to herein as the 'Magino Mine' or 'Magino') in Ontario, Canada, and the Mulatos mine (the 'Mulatos Mine' or 'Mulatos') in the state of Sonora, Mexico. In 2024, the Young-Davidson Mine produced 174,000 ounces of gold, the Island Gold Mine produced 155,000 ounces of gold, the Magino Mine produced 33,000 ounces of gold (following the Alamos acquisition on July 12, 2024), and the Mulatos Mine produced 205,000 ounces of gold for total gold production in 2024 of 567,000 ounces. Alamos also owns the construction-stage Lynn Lake Gold Project in Lynn Lake, Manitoba (referred to herein as the 'Lynn Lake Gold Project' or 'Lynn Lake'), the Qiqavik Gold Project in Nunavik, Quebec, the Agi Dagi, Kirazli, and Çamyurt Projects in the Biga district of northwestern Türkiye, and the option to acquire the Quartz Mountain Property in Oregon, United States of America ('US').
Mineral Properties
The company considers its Young-Davidson Mine, Island Gold Mine, Magino Mine and Mulatos Mine its material mineral projects.
Young-Davidson Mine
The Young-Davidson Mine is located near the town of Matachewan, approximately 60 km west of Kirkland Lake in northern Ontario. The Young-Davidson property consists of contiguous mineral and/or surface leases, unpatented cell claims, a mining license of occupation and patented claims totaling approximately 18,731 hectares and is situated on the site of two past-producing mines that produced almost one million ounces of gold between 1934 and 1957. The Young-Davidson Mine consists of an underground mine, mining at a rate of approximately 8,000 tons per day (tpd), a conventional flotation and carbon-in-leach ('CIL') mill, and associated infrastructure. The mine has been in continuous operation since 2012 and has operated from the lower mine infrastructure since the third quarter of 2020.
The Young-Davidson Mine is in northern Ontario, Canada, centrally located between Timmins, Kirkland Lake, North Bay, and Sudbury, each of which has businesses that service the mining industry.
The company holds 100% of the mineral rights to all the Mineral Resource related claims at the former Young-Davidson Mine and the adjoining Matachewan Consolidated Mines Limited Mine (the 'MCM Mine'), which together consists of the modern-day Young-Davidson Mine. In July 2024, the company acquired the 100% interest in the Matachewan and Wydee project properties, collectively consists of approximately 12,800 hectares, from O3 Mining Corporation, which together with Young-Davidson Mine and its surrounding project lands collectively consists of the 'Young-Davidson Property'. The company owns or holds the rights and/or interest to tenures consisting of patented fee simple and/or patented leasehold mineral rights and surface rights claims, a mining license of occupation, and unpatented cell claims, covering approximately 18,731 hectares surrounding and including the Young-Davidson Mine.
The company controls sufficient surface rights to cover the sites required for all project buildings and fixed installations for the life of mine. The company has all the necessary surface rights to dispose of waste rock and tailings on additional areas of the property. Alamos' land ownership and interest in its lands and mineral tenures are either registered or recorded with the Government of Ontario. All permits required to operate the Young-Davidson Mine are in place.
Island Gold Mine
The Island Gold Mine is located approximately 83 km northeast of Wawa, in northern Ontario. Island Gold consists of an underground mine, mining at a rate of approximately 1,200 tpd, a conventional carbon-in-pulp ('CIP') mill, and associated infrastructure. The company acquired Island Gold through its 2017 acquisition of Richmont Mines Ltd. The mine has been in continuous operation since 2007. Together with the Magino Mine, which was acquired in 2024, the Island Gold Mine forms the company's 'Island Gold District'.
The company owns or holds 100% of the mineral rights to all the Mineral Resource and Mineral Reserve related claims at the Island Gold Mine. The company holds 100% of the title and/or interest to the Island Gold Mine and its surrounding project lands (collectively, the 'Island Gold Property'). The Island Gold Property is divided into eleven property areas, namely: Argonaut, Edwards, Ego, Goudreau, Goudreau Lake, Island Gold, Kremzar, Lochalsh, Salo, Trillium, and Manitou, consisting of patented fee simple and/or patented leasehold mining rights and surface rights claims, mining licences of occupation and unpatented cell claims covering approximately 54,186 hectares, with the exception of:
Part of one mining lease, for which it holds 100% below 100 m, on the Lochalsh property;
Six patented fee simple claims, for which it owns 100% below 400 m, and part of one patented fee simple claim for which it owns 100% below 100 m, both situated on the Goudreau property;
Four patented fee simple claims, for which it owns 100% below 400 m, situated within the Kremzar property; and
Three patented fee simple claims, for which it owns 100% below 400 m, on the Argonaut property.
The company controls sufficient surface rights to cover the sites required for all project buildings and fixed installations for the life of mine. The company has all the necessary surface rights to dispose of waste rock and tailings on additional areas of the Island Gold Property. The company's land ownership and interest in its lands and mineral tenures are either registered or recorded with the Government of Ontario. All permits required to operate the Island Gold Mine are in place.
The Island Gold Property is located within the Lake Superior Regional climatic zone, moderated by the influence of Lake Superior. The Island Gold Property is within the Precambrian Shield adjacent to Lake Superior, in an area of low rolling hills that trend in an east-west direction with widespread swamps, and mixed forests of broadleafs and conifers.
The Island Gold deposit is composed of multiple, stacked, south-dipping lenses. The Island Gold Mine is an Archean orogenic lode gold deposit.
Magino Mine
On July 12, 2024, the company completed the acquisition of Argonaut Gold Inc. ('Argonaut') pursuant to a court approved plan of arrangement, and its Magino Mine.
The Magino Mine, located approximately 83 km northeast of Wawa, in northern Ontario, is an open-pit mining operation with associated infrastructure situated within 300 m of the Island Gold deposit. The Magino Property consists of contiguous Crown leases, unpatented cell claims, and patented claims, totaling approximately 4,735 hectares, situated on the site of a past producing mine. The company acquired 'Magino' through its 2024 acquisition of Argonaut Gold Inc. ('Argonaut') and its wholly owned subsidiary, Prodigy Gold Inc. ('Prodigy').
The Magino Mine is located near Dubreuilville, Ontario.
The company owns and/or holds 100% of the mineral rights to all the Mineral Resource and Mineral Reserve at the Magino Mine. It also holds full title and/or interest to the Magino Mine and its surrounding project lands (collectively, the 'Magino Property'). The Magino Property is divided into eleven (11) property areas, namely: Aguonie, Dog Lake, Doherty, Highland South, Magino Mine, Magino - Goudreau, Magino - Kremzar, Mountain Lake, Murphy, Rand2 and Selkirk Lake, consisting of patented fee simple and/or patented Crown leasehold mining rights and surface rights claims, and unpatented cell claims covering approximately 4,735 hectares, with approximately 2,219 hectares supporting the Magino Mine area.
The Magino deposit is an Archean intrusion-related gold deposit.
Mulatos Mine
The Mulatos Mine is located 220 km east of Hermosillo in the state of Sonora in northwest Mexico. The company owns 100% of the Mulatos Mine and several other prospective exploration targets throughout the district. The mine includes a number of open pit mines, two crushing facilities, two heap leaching facilities, a high-grade mill, gold processing facilities, and related infrastructure. The mine has been in continuous operation since 2005, producing over 2.9 million ounces in that period.
The Mulatos Mine is in the Sierra Madre Occidental Mountain range in the east-central portion of the state of Sonora, Mexico. Alamos controls several large mineral concessions, which are located mostly to the west, southwest, and north-northeast of the Mulatos Mine. A total of 28,973 hectares of mineral concessions, in 44 discrete concessions, are controlled by Alamos.
The Mulatos group of concessions covers the Mulatos deposit and satellite gold systems known as Cerro Pelon, La Yaqui, El Carricito, El Halcon, Las Carboneras, El Jaspe, Puebla, Los Bajios, and La Dura (the 'Mulatos Group of Concessions'). The Mulatos deposit is itself divided into a number of mineralized zones known as Estrella, Mina Vieja, El Salto, Escondida, Gap, El Victor, El Victor North, San Carlos, PDA, PDA Extension, and East Estrella. Mineral rights for all concessions comprising the Mulatos Group of Concessions are controlled by Minas de Oro Nacional ('MON'), the Mexican subsidiary of Alamos.
The Mulatos mineral deposits are large epithermal, high-sulfidation, disseminated, gold deposits hosted within a mid-Tertiary dacitic dome complex.
Mulatos Main Zone
The Mulatos Main Zone is a continuous zone of mineralisation that consists of the La Estrella, La Escondida, Mina Vieja, El Salto, PDA, Gap, El Victor, and El Victor North deposits.
Puerto Del Aire
Exploration drilling recommenced at PDA in 2021 and continued through 2022. PDA is a higher-grade underground deposit located adjacent to the main Mulatos pit, and consists of five mineralized zones - PDA1, PDA2, Gap, Victor, and Estrella.
La Yaqui & La Yaqui Grande
The La Yaqui Project is located approximately 9.5 km southwest of the Mulatos Main Zone.
On January 13, 2025, the company announced a construction decision on the Lynn Lake Gold Project with initial production expected during the first half of 2028.
On August 2, 2023, the company reported results from the positive updated feasibility study conducted on the Lynn Lake Gold Project, located in northern Manitoba, Canada.
The company will also continue prioritizing a pipeline of prospective exploration targets within the 58,000-hectare Lynn Lake Property.
Qiqavik Gold Project (Quebec, Canada)
On April 3, 2024, the company completed the acquisition of Orford Mining Corporation ('Orford'), acquiring a 100% interest in the Qiqavik gold project. Qiqavik is a camp scale property covering 438 square km in the Cape Smith Greenstone Belt in Nunavik, Quebec. Through the Orford acquisition, Alamos also acquired interests in several exploration stage critical mineral and gold projects in Quebec, including West Raglan, the Joutel area properties, and Nunavik Lithium.
Kirazli, Agi Dagi, and Çamyurt (Türkiye)
During the first quarter of 2017, the company reported results from the positive feasibility studies conducted on the Kirazli and Agi Dagi Gold Projects, located in the Çanakkale Province in northwestern Türkiye.
On April 20, 2021, the company announced that its wholly owned Netherlands subsidiaries, Alamos Gold Holdings Coöperatief U.A. and Alamos Gold Holdings B.V., which directly own and control its Turkish assets, would file a BIT claim against the Republic of Türkiye for expropriation and unfair and inequitable treatment, among other things, with respect to their Turkish gold mining projects. The BIT Claim was registered with the International Centre for Settlement of Investment Disputes (World Bank Group) on June 7, 2021.
Sales and Refining
The company's gold production is refined to market delivery standards by third-party refineries in Canada and Switzerland.
History
Alamos Gold Inc. was founded in 2003.