Alamos Gold Reports Record Third Quarter 2017 Production Record 55,800 ounces Produced at Young-Davidson
ALAMOS GOLD INC.
Brookfield Place, 181 Bay Street, Suite 3910, P.O. Box #823
Toronto, Ontario, Canada 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 Reports Record Third Quarter 2017 Production
Record 55,800 ounces Produced at Young-Davidson
Toronto, Ontario (October 12, 2017) – Alamos Gold Inc. (TSX:AGI; NYSE:AGI) (“Alamos” or
the “Company”) today reported record third quarter 2017 gold production of 107,000 ounces.
Quarterly revenues totaled $129 million from the sale of 100,551 ounces of gold at an average
realized price of $1,281 per ounce.
“Operationally we delivered a strong third quarter with record production and significant
milestones achieved at both our key operations. This included the completion of the MCM
waste pass at Young-Davidson, contributing to higher underground mining rates in
September, and initial production from our La Yaqui mine in the Mulatos district. We expect
both will be key drivers of strong free cash flow growth in the fourth quarter and we remain
well positioned to achieve full year guidance,” said John A. McCluskey, President and Chief
Executive Officer.
Third Quarter 2017 Operating Highlights
Record quarterly production of 107,000 ounces of gold including record production of
55,800 ounces from Young-Davidson, 36,300 ounces from Mulatos and 14,900
ounces from El Chanate
Sold 100,551 ounces of gold at an average realized price of $1,281 per ounce, $3
above the London PM fix, for revenues of $129 million
Completed development of the MCM waste pass in August following which
underground mining rates increased to average 6,900 tonnes per day at Young-
Davidson in September
Declared initial production at La Yaqui Phase I in early September, ahead of schedule
and on budget
Production of 309,100 ounces of gold through the first three quarters of 2017, putting
the Company on track to achieve full year guidance
The Company remains debt free with cash and cash equivalents and equity securities
increasing to approximately $165 million as at September 30, 2017
Third Quarter and Year-to-Date 2017 Production
Three Months Ended
September 30,
Nine Months Ended
September 30, Full Year Guidance
2017 2016 2017 2016 2017
Gold Production (ounces)
Young-Davidson 55,800 43,629 143,500 125,338 200,000 – 210,000
Mulatos (including La Yaqui) 36,300 38,500 117,300 109,100 150,000 – 160,000
El Chanate 14,900 17,099 48,300 51,886 50,000 – 60,000
Total Gold Production (ounces) 107,000 99,228 309,100 286,324 400,000 – 430,000
Total Gold Sales (ounces) 100,551 94,791 303,329 281,646 400,000 – 430,000
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
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”.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Scott K. Parsons
Vice President, Investor Relations
(416) 368-9932 x 5439
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 li mitation statements regarding expectations of future 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 op erational 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." Forward -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, the
actual results of current exploration activities, conclusions of economic evaluati ons 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 “Risk 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 could 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 reviewed 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").