Alamos Gold Inc. (
TSX:AGI;
NYSE:AGI) (“Alamos” or the “Company”) has released its
2020 Environmental, Social, and Corporate Governance (ESG) Report
(“ESG Report”), which outlines the Company’s progress on its ESG
performance in 2020 across its operations, projects and offices,
and provides direction on planned initiatives for 2021.
“Wherever Alamos operates in the world, we hold ourselves
accountable to the highest environmental, social and governance
standards. Our commitment to acting responsibly and delivering
excellence in sustainability allows us to create a lasting legacy
that benefits all Alamos stakeholders, including our employees,
local communities and host governments,” said John A. McCluskey,
President and Chief Executive Officer.
Alamos’ 2020 ESG Report, available at
www.alamosgold.com/2020-ESG-Report-Final, highlights significant
progress achieved by the Company during the past year
including:
- Implemented
stringent new health and safety protocols to protect the health and
well-being of our employees and contractors during the COVID-19
pandemic, including medical screening and testing of all personnel
prior to start of each rotation. Over 13,000 COVID-19 tests were
completed on employees, contractors and visitors during the
year.
- Improved workforce
health and safety performance with a 28% reduction to the total
recordable injury frequency rate (“TRIFR”) and a 17% reduction to
the lost time injury frequency rate (“LTIFR”) over 2019.
- Reduced greenhouse
gas (“GHG”) emissions across operations by 3% since 2019 and 6%
since 2018, and in 2021 all sites are developing Energy Management
Plans to identify further opportunities for cost-effective emission
reductions.
- 79% of water used at
operations was recycled.
- Zero fines or
sanctions for non-compliance with environmental laws and
regulations, including zero reportable tailings-related
incidents.
- $2.4 million
invested in local community initiatives including donations,
sponsorships, community programs and infrastructure.
- Announced the Island
Gold mine Phase III expansion project that will increase production
by 72% while reducing costs, significantly reduce fleet diesel
usage by switching to cleaner grid electricity and lower
life-of-mine carbon emissions by 35%.
- Progressed
permitting at the Mulatos mine to replace diesel power with cleaner
grid electricity.
- The Mulatos mine and
El Chanate mine were named Socially Responsible Mining Companies
(Empresa Socialmente Responsable) by CEMEFI, the Mexican Center for
Philanthropy. Mulatos also won the 2020 Ethics and Values in
Industry Award from CONCAMIN, Mexico’s Industrial Chambers
Confederation.
- Progressed
implementation of the World Gold Council’s Responsible Gold Mining
Principles (RGMPs) including receiving independent assurance over
Alamos’ 2020 RGMP Progress Report.
- Advanced adoption of
the recommendations of the Task Force on Climate-related Financial
Disclosures (TCFD) including expanded reporting and completion of a
climate risk assessment and scenario analysis that covered every
Alamos operation and project.
The 2020 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 it now aligns to.
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 1,800 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’ 2020 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.
In this News Release, forward looking statements
include references to the development of Energy Management Plans
and the potential opportunities for cost-effective emission
reductions and the expected results of the Island Gold mine Phase
III expansion project, including an increase in production while
reducing costs, reducing fleet diesel usage and lower life-of-mine
carbon emissions. Cautionary Notes with respect to the
forward-looking information contained in the 2020 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, 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;
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 the
global COVID-19 pandemic; the impact of the COVID-19 pandemic 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 the COVID-19 pandemic; governments 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 dore 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; expansion
delays with the Phase III Expansion Project at the Island Gold
mine; inherent risks associated with mining and mineral processing;
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 including
environmental hazards, industrial 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 2020 ESG Report are set out in the
Company’s 40-F/Annual Information Form for the year ended December
31, 2020 under the heading “Risk Factors”, which is available on
SEDAR at www.sedar.com or on EDGAR at www.sec.gov. The foregoing
should be reviewed in conjunction with the information found in
this News Release and the 2020 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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