Alamos Gold Receives Operating Permit for Kirazlı Project
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.
FOR IMMEDIATE RELEAS E
WEBSITE: www.alamosgold.com TRADING SYMBOL: TSX:AGI NYSE:AGI
Alamos Gold Receives Operating Permit for Kirazlı Project
Toronto, Ontario (March 1, 2019) – Alamos Gold Inc. (TSX:AGI; NYSE:AGI) (“Alamos” or
the “Company”) today reported it has been granted the Operating Permit from the Turkish
Department of Energy and Natural Resources allowing for the start of earthworks on the open
pit area of the Kirazlı project.
As disclosed in January 2019, the Company expects to spend $75 million in 2019 on
completing work on the water reservoir and ramping up major construction activities and
earthworks. The remaining $60 million of Kirazlı’s total initial capital budget of $152 million will
be spent in 2020 with initial production expected by the end of 2020.
As outlined in the 2017 feasibility study, Kirazlı has a 44% after-tax internal rate of return and
is expected to produce over 100,000 ounces of gold during its first full year of production at
mine-site all-in sustaining costs of less than $400 per ounce. This is expected to bring
consolidated production to over 600,000 ounces per year, while significantly lowering the
Company’s cost profile.
Qualified Persons
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. For further information pertaining to the 2017 feasibility study,
please see press release titled “Alamos Gold Announces Positive Feasibility Study for Kirazlı
Project”, dated February 15, 2017, and the corresponding technical report, both available
under the Company's profile on SEDAR at www.sedar.com and on the Alamos website at
www.alamosgold.com.
About Alamos
Alamos is a Canadian-based intermediate gold producer with diversified production from four
operating mines in North America. This includes the Young-Davidson and Island Gold mines
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 1,700 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”.
TRADING SYMBOL: TSX: AGI NYSE:AGI
2 | ALAMOS GOLD INC
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.
Cautionary Note
This news release contains statements which are, or may deemed to be, forward-looking information within the
meaning of applicable Canadian and U.S. securities laws (“forward-looking statement(s)”). All statements in this
news release, 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 "expects", “is
expected” "believes", "anticipates", "will", "intends", "estimates", "forecast", "budget" 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.
Forward-looking statements are necessarily based upon a number of factors and assumptions that, while
considered reasonable by management at the time of making such statements, are inherently subject to significant
business, economic, 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.
Such factors and assumptions underlying the forward-looking statements in this news release include, but are not
limited to: development delays at the Kirazlı project, the speculative nature of mineral exploration and development,
including the risks of obtaining and maintaining necessary licenses, permits and authorizations for the Company’s
development stage and operating assets; 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; labour and contractor availability and
other operating or technical difficulties); fluctuations in the price of gold; changes in foreign exchange rates
(particularly the Canadian dollar, Turkish Lira and U.S. dollar); the impact of inflation; any decision to declare a
dividend; employee and community relations; litigation and administrative proceedings; disruptions affecting our
Turkish operations; expropriation or nationalization of property; inherent risks and hazards associated with mining
including environmental hazards, industrial accidents, unusual or unexpected formations, pressures and cave-ins;
availability of and increased costs associated with mining inputs and labour; contests over title to properties;
changes in national and local government legislation (including tax legislation), controls or regulations; risk of loss
due to sabotage and civil disturbances; the impact of global liquidity and credit availability and the values of assets
and liabilities based on projected future cash flows; and, risks arising from holding derivative instruments.
Additional risk factors affecting the Company are set out in the Company’s latest Form 40-F/ Annual Information
Form and MD&A, each under the heading “Risk Factors”, available on the SEDAR website at www.sedar.com or
on EDGAR at www.sec.gov., and should be reviewed in conjunction with this . The foregoing should be reviewed in
news release. 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.