Alamos Gold Inc. (
TSX:AGI;
NYSE:AGI) (“Alamos” or the “Company”) has released its
annual Environmental, Social, and Governance (ESG) Report (“ESG
Report”), which outlines the Company’s progress on its ESG
performance in 2022 across its operations, projects and offices,
and provides direction on planned initiatives for 2023.
“While sustainability has been at the core of
our strategy for over 20 years, we have published this report for
the last 10 years in order to track the progress of our
sustainability initiatives. I am encouraged by our achievements
reflected in this year’s report, and we will continue to measure
our results against the high standard we have set,” said John A.
McCluskey, President and Chief Executive Officer.
Alamos’ 2022 ESG Report, available
at https://esg2022.alamosgold.com/, highlights significant
progress achieved by the Company during the past year
including:
-
An 8% growth in our workforce, with 77% hired from local
communities to our sites, and a 36% reduction in employee turnover
rate
-
Announced a Company-wide target of a 30% reduction in absolute
greenhouse gas (“GHG”) emissions by 2030, achieving a 6% reduction
in total Scope 1 and 2 GHG emissions in 2022
-
Zero significant environmental incidents during the year, including
zero reportable tailings-related incidents
-
$1.8 million invested in local community initiatives including
donations, sponsorships, community programs and infrastructure
-
Continued respectful dialogue with impacted Indigenous communities
in Canada, and finalized two new formal participation agreements
during the year
-
The Mulatos mine was awarded the Silver Helmet Award by the Mining
Chamber of Mexico (CAMIMEX) in recognition of outstanding health
and safety performance. Mulatos was also awarded the Socially
Responsible Company (Empresa Socialmente Responsable) Award by
CEMEFI, the Mexican Center for Philanthropy, for the 14th
consecutive year, and was the recipient for the Award for
Corporate Ethics and Values in Industry for the third
consecutive year
-
Completed close to 1,700 training hours for occupational health and
safety and emergency management
-
Introduced the Island Gold Employee Wellness Program with licensed
physical therapists on site
-
Three years in compliance with the World Gold
Council’s Responsible Gold Mining Principles (RGMPs), and
developed 12 new Alamos Sustainability Standards
The 2022 ESG Report is guided by
the Sustainability Accounting Standards Board
(SASB) Metals & Mining Industry Standard, the
recommendations of the Task Force on Climate-Related Financial
Disclosures (TCFD), and the Global Reporting Initiative
Standards (GRI) for sustainability reporting “Core”
requirements. It focuses on economic, environmental, social and
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 strong portfolio of
growth projects, including the Phase 3+ Expansion at Island Gold,
and the Lynn Lake project in Manitoba, Canada. 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 ContactScott K. ParsonsSenior Vice
President, Investor Relations(416) 368-9932 x 5439
ir@alamosgold.com
Media ContactRebecca 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’ 2022 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 2022 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, and undue reliance should not be placed
on such statements and information.
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.
For a more detailed discussion of such risks and
other factors that may affect the Company’s ability to achieve the
expectations set forth in the forward-looking statements contained
in this News Release and the 2022 ESG Report, see 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.sedarplus.ca or on EDGAR at www.sec.gov. The
foregoing should be reviewed in conjunction with the information,
risk factors, and assumptions found in this News Release and the
2022 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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