Alamos Gold Releases 2022 Annual ESG Report
Alamos Gold Releases 2022 Annual ESG Report
TORONTO, Nov. 13, 2023 -- 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 Contact
Scott K. Parsons
Senior Vice President, Investor Relations
(416) 368-9932 x 5439
Media Contact
Rebecca Thompson
Vice President, Public Affairs
(416) 368-9932 x 5448
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.