Alamos Gold Announces Completion of Construction and First Gold Production at La Yaqui Phase I
ALAMOS GOLD INC.
Brookfield Place, 181 Bay Street, Suite 3910, P.O. Box #823
Toronto, Ontario M5J 2T3
Telephone: (416) 368-9932 or 1 (866) 788-8801
All amounts are in United States dollars, unless otherwise stated.
F O R I M M E D I A T E R E L E A S E
W E B S I T E : w w w . a l a m o s g o l d . c o m T R A D I N G S Y M B O L : T S X : A G I N Y S E : A G I
Alamos Gold Announces Completion of Construction and First Gold Production
at La Yaqui Phase I
Toronto, Ontario (September 7, 2017) – Alamos Gold Inc. (TSX:AGI; NYSE:AGI) (“Alamos”
or the “Company”) is pleased to announce that construction of the first phase of the La Yaqui
mine is substantially complete, on budget, and ahead of schedule. Gold production has
commenced and is expected to reduce the cost profile from Mulatos district operations going
forward.
The mine produced a total of 410 ounces of gold from the initial pour. Gold production rates
are increasing with the stacking of the first lift of ore on the leach pad completed and placed
under irrigation in August.
“The first phase of the La Yaqui Mine was brought into production in eight months, a
significant achievement and indicative of how quickly we can develop these types of deposits.
Alamos will apply this same approach as we look to grow and develop La Yaqui Grande and
other targets within the Mulatos district,” said John A. McCluskey, President and Chief
Executive Officer.
La Yaqui is a standalone heap leach operation located approximately seven kilometres
(straight line) from the Mulatos Mine in Sonora, Mexico. The mine is expected to produce
approximately 25,000 ounces of gold per year at substantially lower costs than the main
Mulatos pit complex given its higher grades and recoveries.
La Yaqui is expected to evolve into a larger operation over the coming years with the
development of the La Yaqui Grande project. La Yaqui Grande was a new discovery in 2015
and through ongoing exploration success, the project has grown to include mineral reserves of
521,000 ounces of gold (11.5 million tonnes grading 1.40 grams per tonne), approximately six
times the size of La Yaqui Phase I.
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 mine in northern
Ontario, Canada and the Mulatos and El Chanate mines 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 1,300 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”.
T R A D I N G S Y M B O L : T S X : A G I N Y S E : A G I
2 | ALAMOS GOLD INC
FOR FURTHER INFORMATION, PLEASE CONTACT:
Scott K. Parsons
Vice President, Investor Relations
(416) 368-9932 x 5439
Cautionary Note
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 includes certain “forward-looking statements”. All statements other than statements of historical
fact included in this release, including without limitation statements regarding expectations of future permitting
timelines, outcomes of economic studies, development and/or production timelines or other future plans and
objectives of Alamos, are forward-looking statements that involve various risks and uncertainties and are based on
forecasts of future operational or financial results, estimates of amounts not yet determinable and assumptions of
management.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans,
projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases
such as "expects" or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "estimates" or
"intends", or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur
or be achieved) are not statements of historical fact and may be "forward -looking statements." Fo rward-looking
statements are subject to a variety of risks and uncertainties that could cause actual events or results to differ from
those reflected in the forward-looking statements.
There can be no assurance that forward -looking statements will prove to be accurate and actual results and future
events could differ materially from those anticipated in such statements. Important factors that could cause actual
results to differ materially from Alamos’ expectations include, among others, ongoing permitting requirements, risks
related to our Turkish projects and operations, the actual results of current exploration activities, conclusions of
economic evaluations and changes in project parameters as plans continue to be refined as well as future prices of
gold, as well as those factors discussed in the section entitled “Risk Factors” in Alamos’ Annual Information Form
and other disclosures of “Ri sk Factors” by Alamos, available on SEDAR and EDGAR. Although Alamos has
attempted to identify important factors that could cause actual results to differ materially, there may be other factors
that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements
will prove to be accurate as actual results and future events co uld differ materially from those anticipated in such
statements. Accordingly, readers should not place undue reliance on forward-looking statements.
Technical Information
Chris Bostwick, FAusIMM, Alamos Gold's Vice President, Technical Services, has revie wed and approved the
scientific and technical information contained in this news release. Chris Bostwick is a Qualified Person within the
meaning of Canadian Securities Administrator's National Instrument 43 -101 ("NI 43 -101"). For additional
information ab out the La Yaqui Grande mineral reserve, see Alamos’ news release dated February 23, 2017,
“Alamos Gold Reports Mineral Reserves and Resources for the Year -Ended 2016”, available on Alamos’ website,
SEDAR and EDGAR.