Alamos Gold Announces Island Gold District Expansion to 20,000 TPD, Creating One of Canada's Largest and Lowest Cost Gold Mines with Attractive Economics

Alamos Gold reports results of the Island Gold District Expansion Study, which includes a 30% increase in Mineral Reserves and an expansion of the Magino mill to 20,000 tpd. This is expected to drive production to 534,000 ounces per year and create one of Canada's largest and lowest-cost gold mines. The operation's value is projected to be over $12 billion at a gold price of $4,500 per ounce.