|Alamos Gold Inc. - AGI.t operates the Young-Davidson Mine in Canada, the Mulatos Mine and El Chanate mines both in Mexico.|
The company expects combined diversified gold production of over 500 koz at all-in sustaining costs of ~$900/oz
The Globe and Mail reports in its Monday edition that for miners, the Ontario town of Wawa on the shores of Lake Superior is suddenly a hot place to do business. The Globe's Andrew Willis writes that Wawa is the closest place to buy groceries if you work at the Island gold mine, a property that has yielded 430,000 ounces of gold for owner Richmont Mines and holds another 1.7 million ounces. Proven reserves in politically stable jurisdictions are near the top of the shopping list for acquisitive mining companies.