Alamos
Gold Inc.
|
Suite 2010,120 Adelaide
Street West
Toronto, Ontario
Canada M5H 1T1
Telephone:
(416) 368-9932
1-866-788-8801
Website:
www.alamosgold.com
Trading Symbol: TSX : AGI
|
Alamos Gold Inc. Provides
Operations Update
Toronto, Ontario Alamos Gold Inc. (TSX:
AGI) (“Alamos” or the “Company”) provides an update on its operations at the
Mulatos gold mine in Sonora, Mexico.
Production has increased since the end of the third
quarter, a period characterized by above-average rainfall. Crusher throughput in
October was 27% higher than the third quarter average, while gold production of
9,200 ounces was 26% higher. Crusher throughput in November was higher than in
October and gold production was approximately 10,050 ounces (before refinery
settlements), 37% higher than the third quarter average and 9% higher than in
October. The Company is currently on track to achieve its fourth quarter gold
production target of 30,000 ounces and to complete the stacker-conveyor system
in the first quarter of 2008.
About Alamos
Alamos is a Canadian-based gold
producer with operations, exploration and development activities in Mexico. The
Company employs approximately 400 people in Mexico and is committed to the
highest standards of environmental management, social responsibility, and health
and safety for its employees and neighboring communities. Alamos is fully
leveraged to increases in gold prices. Alamos’ common shares are traded on the
Toronto Stock Exchange under the symbol “AGI” and convertible debentures under
the symbol “AGI.DB”.
FOR FURTHER INFORMATION, PLEASE CONTACT:
John A. McCluskey
Victoria Vargas
President and Chief Executive Officer
Investor Relations
Tel: 416-368-9932 x203
Tel: 416-368-9932
x201
________________________________________________________________________________________
The TSX has not reviewed and does not accept responsibility for the
adequacy or accuracy of this release.
Cautionary Note
No stock exchange, securities
commission or other regulatory authority has approved or disapproved the information contained herein. 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
potential mineralization and reserves, exploration results, and future plans and
objectives of Alamos, are forward-looking statements that involve various risks
and uncertainties. These forward-looking statements include, but are not limited
to, statements with respect to anticipated commencement dates of mining
production, mining and procession of mined ore, achieving projected
recovery rates anticipated production rates and mine life, operating
efficiencies, costs and expenditures and conversion of mineral resources to
proven and probable reserves, and other information that is based on forecasts
of future 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 which 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, risks related to international
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 and silver, as well as those factors
discussed in the section entitled “Risk Factors” in Alamos’ AIF (Form 20-F as
filed with the United States Securities and Exchange Commission). 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.