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Alamos Gold has announced the phase three expansion of its Island Gold operation in Ontario, Canada, to 2,000 tonnes per day, which is expected to increase output 72% to 236,000 ounces a year from 2025 while reducing all-in sustaining costs 30% to US$534/oz.
Island Gold in Ontario, Canada
The expansion will double the mine life to 16 years based on a mineable resource of 9.6 million tonnes grading 10.45 grams per tonne of gold containing 3.2Moz. Total life of mine capital will be $1.
M&A speculation around firm and other mid-tier miners
Alamos buys Manitou to extend Island potential
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