Alamos Gold Inc T.AGI

Update...Island Gold Ore to Young-Davidson...

[Digger0144]

According to my sources in Northern Ontario...process has stalled...basically not going to plan.

The 30,000 tons that were to be shipped have been crushed in its entirety and most of it is still sitting on the pad ready for shipping...there is an issue on the trucking end.

At present there are only about four trucks per day hauling from the site...the issue is with the major contractor that was to supply about 10 trucks. A serious issue arose...I will not elaborate...and I believe the company will not comment on it.

They will get the ore to Young-Davidson if they stick to their game plan.
However, the ounces that they hoped for will not be reflected in this quarter...very little of the stock pile has made its way to YD...perhaps next quarter.

Will this affect their target for this quarter?  In my opinion they were attempting to catch up on their lost ounces in the First Quarter.
Let us see.

All the Best!
Digger0144

[jsnfernley]

My guess is that the trucking company didn't hedge its fuel costs and now can't perform at the contracted price.  Maybe they got a better offer to go to BC to help the major cleanup and rebuild of the roads and bridges damaged in the floods last year. But my opinion is irrelevant. If simple math were applied to the problem you would see there are only 3,445 recoverable ounces of

[metalhead666]

Honestly this is interesting but unimportant.  When you look out to 2025 try and find a major gold miner  that's able to up production and drive down costs the way AGI is planning to do.  Most majors are lucky to maintain production levels let alone ramp up the ounces and drive down the costs the way Alamos can and will.  It will be a whole different animal in a couple of