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Alamos Gold Provides Update on Mulatos and Island Gold Operations

Mining News - Published on Fri, 03 Apr 2020

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Alamos Gold Inc announced that it will be suspending operations at its Mulatos mine until April 30, 2020 and extending the suspension of operations at Island Gold for an additional two-week period. The temporary suspension of operations at Mulatos follows a mandate by the Mexican Government to suspend all non-essential businesses until April 30, 2020 in response to the COVID-19 crisis. The Company will be scaling down mining and other activities over the next few days. Essential employees will remain on site to continue processing and other critical site activities (including water management, environmental protection and security).

The Company is also extending the temporary suspension of operations at Island Gold that was announced on March 24, 2020. The suspension has been extended by 14 days with the operation to remain on care and maintenance until April 22, 2020.

2020 Outlook - Over the past three weeks, the Company has instituted a number of measures and strict protocols to help prevent the spread of COVID-19 and protect the health and well-being of its employees and contractors, their families, and the local communities. To date, operating activities at the Young-Davidson mine have not been impacted with the lower mine expansion on track to be completed in June 2020. Given the downtime at both Island Gold and Mulatos, and the potential for further voluntary or government-mandated business interruptions, the Company is withdrawing its 2020 production, cost and capital guidance.

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Posted By : Rabi Wangkhem on Fri, 03 Apr 2020
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