itemprop=description content=A roundup of all the mining news in the precious metals sector with a variety of company news, mining sector analysis, newsletter writer insights and executive interviews.
- John McCluskey, president and CEO of Alamos Gold , says that despite inflationary pressures, the producer is growing.He forecasts about 500,000 ounces in 2023, with production at the Island Gold asset doubling from 150,000 to 300,000 oz in 2026 following an expansion. Alamos has three producing mines — Island Gold and Young-Davidson in Canada, and Mulatos in Mexico.
McCluskey noted the company has been able to keep costs under control due to synergies at its two Canadian operations. "There's been a number of cases over the last few years where investors have been hurt when projects have been closed down or otherwise run into development problems and so forth. Those kinds of risks are unpalatable to investors right now."
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