Alamos Gold (AGI) Shares Island Gold Mine’s Low-Cost, Large-Scale Plan

Alamos Gold Inc. (NYSE:AGI) is one of the 10 Best Gold Stocks To Buy Right Now. On June 23, Alamos Gold Inc. (NYSE:AGI) shared the results of its Base Case Life of Mine Plan for the Island Gold District operation in Ontario, Canada.

This plan combines Island Gold and Magino mines as one consolidated long-lasting operation. Alamos Gold Inc. (NYSE:AGI) expects this combined operation to become one of Canada’s largest, lowest-cost, and most profitable gold mines.

Alamos Gold (AGI) Shares Island Gold Mine's Low-Cost, Large-Scale Plan

Aerial view of a gold mine with equipment mining the earth for resources.

The Base Case Life of Mine Plan suggests that starting in 2026, the mine will produce an average of 411,000 ounces of gold annually for the first 12 years. This is a 43% increase from the mid-point of 2025 production guidance. This will mainly be supported by the completion of the Phase 3+ Expansion.

Over the 20-year life of the mineral reserves, the mine is expected to produce an average of 306,000 ounces each year. The production may be increased significantly through further expansion and by converting more of the large mineral resources to mineral reserves through ongoing delineation drilling.

Alamos Gold Inc. (NYSE:AGI) noted that an Expansion Study is expected to be released in Q4 2025. This will provide more details about the significant upside potential in the Island Gold District beyond what is included in the current plan.

Alamos Gold Inc. (NYSE:AGI) is a Canadian multinational gold-producing company with operations in North America.

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