Alamos gold announces phase 3+ expansion of island gold to 2,400 tpd, driving a larger, more profitable operation with average annual gold production of 287k oz, industry low all-in sustaining costs of $576/oz, and a 31% increase in net present value (“npv”) to $2.0 billion at $1,850/oz gold

Toronto, june 28, 2022 (globe newswire) -- alamos gold inc. (tsx:agi; nyse:agi) (“alamos” or the “company”) today reported results of the phase 3+ expansion study (“p3+ expansion study”) conducted on its island gold mine, located in ontario, canada. the p3+ expansion study outlines a larger, more profitable, and valuable operation than outlined in the phase iii expansion study released in 2020 (“p3 2000 study"). based on the results of the p3+ expansion study, the company is proceeding with an expansion of the operation to 2,400 tonnes per day (“tpd”).
AGI Ratings Summary
AGI Quant Ranking