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Alamos Gold Inc T.AGI

Alternate Symbol(s):  AGI

Alamos Gold Inc. is a Canada-based intermediate gold producer with diversified production from three operating mines in North America. This includes the Young-Davidson and Island Gold mines in northern Ontario, Canada and the Mulatos mine in Sonora State, Mexico. Additionally, the Company has a portfolio of development projects, including the Phase 3+ expansion at Island Gold, and the Lynn Lake Project in Manitoba, Canada. The Young-Davidson gold mine is located near the town of Matachewan, approximately 60 kilometers (km) west of Kirkland Lake in Northern Ontario, within the Abitibi Greenstone Belt. The Island Gold mine is located just east of the town of Dubreuilville, about 83 km northeast of Wawa in Northern Ontario. The Mulatos mine is in the Sierra Madre Occidental Mountain range in the east-central portion of the State of Sonora, Mexico. It also owns Qiqavik Gold Project in Northern Quebec within the Cape Smith Belt, with a number of high-grade gold and gold copper showings.


TSX:AGI - Post by User

Comment by zforzebraon May 11, 2022 11:56am
106 Views
Post# 34674230

RE:RE:Reasons for Island Gold production decrease

RE:RE:Reasons for Island Gold production decrease
I found the presentation slides related to Island Gold, which also had table with stats.  Based on the reasons stated are:

Lower production reflecting lower grades and mill throughput
Lower mill throughput reflected ore handling challenges on surface with colder weather resulting in freezing in
ore bins
Grades expected to increase through the remainder of the year, driving production higher and costs lower
On track to achieve full year guidance


The actual ore mill was about the same, but the grade was about half as bad.  The lower grade ore was still about 8g/t, so pretty good.  The previous Q1 probably just had weirdly amazing grade of 13g/t.
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