Alamos Gold Inc. (
TSX:AGI;
NYSE:AGI) (“Alamos” or the “Company”) has released its
2021 Environmental, Social, and Corporate Governance (ESG) Report
(“ESG Report”), which outlines the Company’s progress on its ESG
performance in 2021 across its operations, projects and offices,
and provides direction on planned initiatives for 2022.
“Alamos Gold is approaching our 20th anniversary in 2023, and
sustainability has long been at the core of our strategy. This past
year is without exception, and this report highlights the progress
in our ESG performance,” said John A. McCluskey, President and
Chief Executive Officer.
Alamos’ 2021 ESG Report, available
at www.alamosgold.com/2021-ESG-Report-Final, highlights
significant progress achieved by the Company during the past year
including:
- 1,930 people
employed full-time across the Company, of which 99.9% were hired
in-country and 78% hired from local communities to our sites
- $723 million spent
on suppliers, of which 98% of spend is in-country and 41% of spend
is with local vendors
- Over 100,000
COVID-19 PCR and antigen tests were completed on employees,
contractors and visitors, to protect the health and well-being of
our employees and contractors during the COVID-19 pandemic
- Zero disputes
between labour and management resulting in work stoppages
- Zero significant
social or environmental incidents during the year, including zero
reportable tailings-related incidents
- Reduced greenhouse
gas (“GHG”) emissions at the Young-Davidson mine by 9% and emission
intensity by 37% following the lower-mine expansion, and made
significant progress to establishing the Company’s inaugural
emissions reduction target that was announced in June 2022
- Independent energy
and carbon management assessments, and independent Cyanide Code gap
assessments, completed at all operations
- $1.4 million
invested in local community initiatives including donations,
sponsorships, community programs and infrastructure
- The Mulatos mine was
awarded the Socially Responsible Company (Empresa Socialmente
Responsable) Award by CEMEFI, the Mexican Center for Philanthropy,
for the 13th consecutive year. Mulatos also received two awards
from CONCAMIN, the Industrial Chambers Confederation of Mexico,
including the Award for Outstanding Practice in Action for Climate,
and the Award for Corporate Ethics and Values in Industry for the
second consecutive year
- Progressed
implementation of the World Gold Council’s Responsible Gold
Mining Principles (RGMPs) including receiving independent
assurance over Alamos’ 2021 RGMP Progress Report
The 2021 ESG Report is guided by the Sustainability
Accounting Standards Board (SASB) Metals & Mining Industry
Standard and the Global Reporting Initiative Standards
(GRI) for sustainability reporting “Core” requirements. It
focuses on economic, environmental, social and corporate governance
topics and indicators that are of the greatest interest to Alamos’
stakeholders.
Since 2013, Alamos has published an annual Sustainability Report
to provide transparency on its sustainability initiatives and
results from its operating mines. Since 2019, the Company has
branded this publication as an ESG Report to reflect the depth of
its content and the standards to which it now aligns.
About Alamos
Alamos is a Canadian-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 significant portfolio of
development stage projects in Canada, Mexico, Turkey, and the
United States. Alamos employs more than 1,900 people and is
committed to the highest standards of sustainable development. The
Company’s shares are traded on the TSX and NYSE under the symbol
“AGI”.
Investor Contact
Scott K. ParsonsVice President, Investor Relations |
(416) 368-9932 x 5439
ir@alamosgold.com |
Media Contact
Rebecca ThompsonVice President, Public Affairs |
(416) 368-9932 x 5448
media@alamosgold.com |
All amounts are in United States dollars, unless otherwise
stated.
The TSX and NYSE have not reviewed and do not accept
responsibility for the adequacy or accuracy of this release. No
stock exchange, securities commission or other regulatory authority
has approved or disapproved the information contained herein.
Cautionary Note
This News Release and Alamos’ 2021 ESG Report that is the
subject matter of this News Release, contain forward-looking
statements that constitute forward-looking information as defined
under applicable Canadian and U.S. securities laws. All
statements, other than statements of historical fact, which address
events, results, outcomes or developments that Alamos expects to
occur are, or may be deemed to be, “forward-looking
statements”. Forward-looking statements are generally, but
not always, identified by the use of forward-looking terminology
such as "expect", “assume”, “inferred”, “schedule”, "estimate",
"budget", “continue”, “potential”, “outlook”, “trending”, “plan”,
“target” or variations of such words and phrases and similar
expressions or statements that certain actions, events or results
“may", "could”, “would", "might" or "will" be taken, occur or be
achieved or the negative connotation of such terms.
Forward looking statements in this News Release may include
statements and information as to the strategy, plans, expectations
or future financial or operating performance of the Company.
Cautionary Notes with respect to the forward-looking information
contained in the 2021 ESG Report can be found at the end of that
report under “Cautionary Statements”.
Alamos cautions that forward-looking statements are necessarily
based upon several factors and assumptions that, while considered
reasonable by Alamos at the time of making such statements, are
inherently subject to significant business, economic, technical,
legal, political and competitive uncertainties and contingencies.
Known and unknown factors could cause actual results to differ
materially from those projected in the forward-looking statements.
Such factors and assumptions include, but are not limited to:
changes to current estimates of mineral reserves and resources;
changes to production estimates (which assume accuracy of projected
ore grade, mining rates, recovery timing and recovery rate
estimates and may be impacted by unscheduled maintenance; weather
issues, labour and contractor availability and other operating or
technical difficulties); operations may be exposed to new diseases,
epidemics and pandemics, including the effects and potential
effects of COVID-19 and its impact on the broader market and the
trading price of the Company's shares; provincial and federal
orders or mandates (including with respect to mining operations
generally or auxiliary businesses or services required for the
Company’s operations); the duration of regulatory responses to
COVID-19; government and the Company’s attempts to reduce the
spread of COVID-19 which may affect many aspects of the Company's
operations including the ability to transport personnel to and from
site, contractor and supply availability and the ability to sell or
deliver gold doré bars; fluctuations in the price of gold or
certain other commodities such as, diesel fuel, natural gas, and
electricity; changes in foreign exchange rates; the impact of
inflation; changes in the Company’s credit rating; any decision to
declare a quarterly dividend; employee and community relations;
litigation and administrative proceedings; disruptions affecting
operations; availability of and increased costs associated with
mining inputs and labour; delays with the Phase 3+ Expansion
Project at the Island Gold mine; the risk that the
Company’s mines may not perform as planned; uncertainty with
the Company’s ability to secure additional capital to execute its
business plans; the speculative nature of mineral exploration and
development, including the risks of obtaining and maintaining
necessary licenses and permits, including the necessary licenses,
permits, authorizations and/or approvals from the appropriate
regulatory authorities for the Company’s development stage and
operating assets; labour and contractor availability (and being
able to secure the same on favourable terms); contests over title
to properties; expropriation or nationalization of property;
inherent risks and hazards associated with mining and mineral
processing including environmental hazards, industrial hazards and
accidents, unusual or unexpected formations, pressures and
cave-ins; changes in national and local government legislation,
controls or regulations in jurisdictions in which the Company does
or may carry on business in the future; increased costs and risks
related to the potential impact of climate change and other
climate-related risks such as warm spells, cold spells, heavy
precipitation, storms, wildfires, floods, drought, which may have
an effect on mine permitting, operations, ore extraction, mine
closure or impact on employee safety and the local environment;
failure to comply with environmental and health and safety laws and
regulations; disruptions in the maintenance or provision of
required infrastructure and information technology systems; risk of
loss due to sabotage, protests and other civil disturbances; the
impact of global liquidity and credit availability and the values
of assets and liabilities based on projected future cash flows;
risks arising from holding derivative instruments; and business
opportunities that may be pursued by the Company.
Additional risk factors and details with respect to risk factors
affecting the Company’s ability to achieve the expectations set
forth in the forward-looking statements contained in this News
Release and the 2021 ESG Report are set out in the Company’s latest
40-F/Annual Information Form and Management’s Discussion and
Analysis each under the heading “Risk Factors”, available on SEDAR
at www.sedar.com or on EDGAR at www.sec.gov. The
foregoing should be reviewed in conjunction with the information
and risk factors and assumptions found in this News Release and the
2021 ESG Report.
The Company disclaims any intention or obligation to update or
revise any forward-looking statements whether as a result of new
information, future events or otherwise, except as required by
applicable law.
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