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Alamos Gold Inc.
Summary
| Project: | Mulatos | |
|---|---|---|
| Deposit: | La Yaqui | |
| Location: | Mexico | |
| Commodities: | Gold | |
| Date: | 10/6/2016 | |
| Report Code: | (Enviro) | |
| Report Type: | EIA/ESIA | |
| Project Stage: | Active Mining & Production | |
| Report details: | 6-10-2016: Alamos Gold Inc. announces an EIA/ESIA report for its La Yaqui deposit at the Mulatos project. Receives EIA approval for the La Yaqui Project. Toronto, Ontario (October 6, 2016) – Alamos Gold Inc. (TSX:AGI; NYSE:AGI) (“Alamos” or the “Company” | |
| Resources: | (Not mentioned in this report) | |
| CP/QP: | [Overall Report]: n/a (n/a) | |
| ABSTRACT: | Toronto, Ontario (October 6, 2016) – Alamos Gold Inc. (TSX:AGI; NYSE:AGI) (“Alamos” or the “Company”) today reported it has received final approval of the Environmental Impact Assessment (“EIA”) for phase I of its La Yaqui project from SEMARNAT, Mexico’s Federal environmental agency. “This marks another important milestone in the development of the La Yaqui project. With ongoing exploration success, La Yaqui is growing into one of the most important deposits within the Mulatos District. Combined with its higher grades and recoveries, we expect La Yaqui will be a significant source of low cost production at Mulatos for many years to come,” said John A. McCluskey, President and Chief Executive Officer. Construction activities for the phase I development of the La Yaqui mineral reserve are expected to commence later this year with initial production on track for mid-2017. Alamos 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 Mexico, Turkey, Canada 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”. | |
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