Alamos Gold supersizes its expansion plans for Island Gold, forecasts 18-year mine life
The Island Gold Mine outside Dubreuilville is poised to become one of Canada’s most prolific and profitable mines for decades to come. Over the next four years, Alamos Gold's underground operation will get larger in scale, mine at a higher rate, deliver more ounces, and become one of the industry's lowest cost producers over a longer mine life.
No stranger to the exploration drill bit, the aggressive exploration programs that Alamos has been running shows that Island Gold's orebody is growing to the east and at depth, where the gold grades get higher.The deposit has tripled in size over the last four years. From the initial 1.8 million ounces in gold reserves and resources at the time of 2017 acquisition, Island Gold now boasts 5.1 million ounces stemming from aggressive exploration drilling programs.
The spot where the new 59-metre steel headframe and shaft will go has been cleared off. All the hoist equipment has been ordered and a contractor selected.Pre-shaft sinking work begins in August with the actual shaft sinking starting in the next year’s third quarter. First production from the shaft starts in the first quarter of 2026.A new administration building is up, as is a new warehouse and a modern 262-room bunkhouse, kitchen and recreation facility to accommodate the workforce.
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