Alamos is a Canadian-based mid-tier gold producer that owns and operates the Mulatos Mine in Mexico, one of the lowest cost gold mines in the world. The Company employs more than 500 people globally, has a leading growth profile with exploration and development activities in Mexico, Turkey and the United States and is committed to the highest standards of sustainable development. Alamos shares are traded on the TSX and NYSE under the symbol “AGI”.
Mulatos Mine Project:
Our Mulatos Mine is our foundation having been acquired for $10 million in 2003 and grown to become one of the lowest cost gold producing mines in the world and consistent and significant cash flow generators. The 100% owned Mulatos Mine is a conventional open-pit, heap-leach operation with gold recovered through a carbon-in-column circuit. The project was originally contemplated as a 10,000 tpd operation though through various expansions and productivity improvements over the years, today operates at a throughput rate of 17,500 tpd (including 500 tpd from the gravity mill).
In addition to the existing heap leach operations at the Mulatos Mine, the Company processes high grade ore through a 500 tpd gravity mill. Ore is currently being sourced from the Escondida High-Grade Zone after which high grade ore will be sourced from underground at Escondida and San Carlos.
Esperanza Gold Project:
The addition of the Esperanza Gold Project (“Esperanza”) into our pipeline has given us significant medium term growth with the potential to increase our production in Mexico by more than 50% and 30% globally. The asset exemplifies Alamos’ profile as a low capital intensity, low cost, and low technical risk project augmenting our strong development pipeline.