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Alamos Gold Announces Island Gold District Base Case Life of Mine Plan Outlining One of the Largest and Lowest-Cost Gold Mines in Canada with Significant Upside
All amounts are in United States dollars, unless otherwise stated. TORONTO, June 23, 2025 (GL...
About this update from Alamos Gold Inc.
[{"type":"text","content":"Alamos Gold Announces Island Gold District Base Case Life of Mine Plan Outlining One of the Largest and Lowest-Cost Gold Mines in Canada with Significant Upside\n\n\n\n All amounts are in United States dollars, unless otherwise stated.\n \n\n TORONTO, June 23, 2025 (GLOBE NEWSWIRE) --\n \n Alamos Gold Inc.\n \n (\n \n TSX:AGI; NYSE:AGI\n \n ) (“Alamos” or the “Company”) today reported results of the Base Case Life of Mine Plan (“Base Case LOM Plan”) completed on the Island Gold District operation, located in Ontario, Canada. The Base Case LOM Plan integrates Island Gold and Magino as one consolidated long-life operation that is expected to become one of the largest, lowest-cost, and most profitable gold mines in Canada. An Expansion Study is expected to be released in the fourth quarter of 2025 detailing the significant upside potential within the Island Gold District beyond the Base Case LOM Plan.\n \n\n The Base Case LOM Plan has been updated to reflect the current costing environment, significant growth in Mineral Reserves at Island Gold, operating savings resulting from the use of a larger and more efficient Magino mill, and scope changes since the Phase 3+ Expansion Study (“Phase 3+ Study”), which was completed in 2022. The Base Case LOM Plan includes Mineral Reserves only at Island Gold and Magino. Both deposits have significant Measured, Indicated and Inferred Mineral Resources, which have not been factored into the Base Case LOM Plan and economic analysis. All amounts are in United States dollars, unless otherwise stated.\n \n\n “The Base Case Plan for the Island Gold District outlines an attractive, long-life operation that is expected to become one of Canada’s largest, lowest-cost, and most profitable gold mines. This is a first look at an operation with significant upside potential which we expect to detail in an Expansion Study later this year. We expect this to include a larger Mineral Reserve through ongoing Mineral Resource conversion, and a potential further expansion up to 20,000 tonnes per day, supporting an even larger, more valuable, and profitable operation. Longer-term, we see excellent opportunities for that value to continue to grow through ongoing exploration success at Island Gold, and a number of emerging higher-grade regional target...