(Kitco News) - Alamos Gold really hit its stride this decade, said John McCluskey, president and CEO.
In early March McCluskey spoke to Kitco Mining at PDAC 2024 in Toronto, Canada.
Alamos is a Canadian-based intermediate gold producer with diversified production from three operating mines in North America: the Young-Davidson and Island Gold mines in northern Ontario, Canada and the Mulatos Mine in Sonora State, Mexico. The compnay's growth pipeline includes phase 3+ expansion at Island Gold, and the Lynn Lake project in Manitoba, Canada. Alamos employs more than 1,900 people.
In 2024 the company is forecasting 505,000 ounces of gold production at an all-in sustaining cost (AISC) of $1,150 per ounce. Longer-term production will leap to about 800,000 ounces at $1,025 AISC.
"We've had just a tremendous run of success," said McCluskey, noting strong performance by the company's Mexico operations in 2023. "[The company] really hit its stride, and we ended up really exceeding our overall production guidance."
Coverage is sponsored by UEC (Uranium Energy Corp.), URC (Uranium Royalty Corp.) and GoldMining.
Subscribe to Kitco Mining Interviews podcast on YouTube Music.
Listen to this podcast on Buzzsprout Amazon Music Spotify |