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Alamos Gold preparing to start ramping up operations at Mulatos mine

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(Kitco News) - Alamos Gold Inc. (TSX: AGI, NYSE: AGI) expects to begin ramping up operations at its Mulatos mine on May 18, the date that the Mexican government will allow mining to resume in the country, the company announced Thursday.

The government earlier this spring declared mining a non-essential activity, thus mining was temporarily suspended as part of the global effort to combat the COVID-19 pandemic. But the government is now considering mining essential.

The planned restart at Mulatos follows the resumption of operations at Island Gold in Canada at the beginning of May. Both mines are expected to return to normal operating levels in June, after which Alamos will provide updated 2020 production, cost and capital guidance, the company said. Officials expressed optimism about a strong second half of 2020 when also factoring in the expected completion of the lower mine expansion at Young-Davidson in July.

“As with Island Gold, operations at Mulatos will be ramped up in a safe manner,” said John A. McCluskey, president and chief executive officer. “To date, we have not had any confirmed cases of COVID-19 among any of our employees or contractors.”

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