The Company owns 100% of the 30,325-hectare Salamandra concessions, which are located within the Mulatos District in the State of Sonora of northwestern Mexico. These concessions contain the Mulatos Mine and a growing portfolio of more than a dozen exploration targets.
Since declaring commercial production at Mulatos in 2006, the Company has continually focused on making operational improvements, resulting in record production of 200,000 ounces of gold in 2012.
In addition, the Company continues to invest in aggressive exploration programs to increase its mineral reserves and resources.
In more recent years, Alamos’ growth story has extended beyond Mulatos with the acquisition of the Aği Daği and Kirazlı gold projects in Turkey in 2010 and Esperanza Gold Project in Morelos State, Mexico in 2013.
Here are some interesting historical highlights regarding the Mulatos District and Alamos Gold:
Alvar Nuñez Cabeza de Vaca travelled along the Mulatos River and reported seeing evidence of gold.
Mulatos was first settled by Jesuit priests intent on mining gold.
Thomas Souza makes the first officially registered claim.
Greene Gold-Silver Company produces approximately 250,000 ounces of gold at the Mina Vieja underground mine next to Mulatos.
Mexican Revolution stops development in many mining districts including Mulatos.
Kennecott conducts exploration activities on the ground surrounding the Nuevo Mulatos and Tequila claims.
Minera Real de Angles (MRA) acquires the Nuevo Mulatos claim, carries out extensive exploration activities, and completes a pre-feasibility study outlining a mineral resource of 15.5 Mt grading 1.83 g/t Au at a cut-off grade of 1.0 g/t Au. This resource calculation is not compliant with National Instrument 43-101 and should not be relied upon.
National Gold Corporation (National), through its Mexican subsidiary Minas de Oro Nacional, S.A. de C.V. (MON) acquires a 100% interest in the Salamandra Property from Minera San Augusto, S.A. de C.V. (MSA), a Placer subsidiary, for cash and a sliding scale net smelter royalty.
Alamos Minerals options 50% of the assets by taking responsibility for the development of the project.
Alamos Gold formed through merger of Alamos Minerals and National Gold.
Alamos completes a Feasibility Study for the initial development of the Mulatos Project and a construction decision is made.
Highlights included an NPV (discounted at 7%) of $41m and IRR of 24.1% based on initial capital of $72m, life of mine production of 1.4m oz gold equivalent at cash costs1 of $174/oz.
Alamos announces the pouring of its first gold dore bar at Mulatos, weighing in at 3.65 kg (117 ounces).
Escondida high-grade zone discovered.
Development of the Mulatos Mine is completed following commissioning of the crusher and conveying system.
On April 1, the Company announces commercial production at the Mulatos Mine.
Alamos produces 101,200 ounces at an average total cash cost1 of $318 per ounce of gold sold.
Alamos produces 106,200 ounces at an average total cash cost1 of $422 per ounce of gold sold from the Mulatos Mine.
Balance sheet cleaned up with more than $60 million in debt eliminated.
Addition of 4th stage of crushing and overland conveying and stacking system, the latter of which removes compaction issue with trucks no longer driving on the leach pad.
Alamos produces 151,000 ounces at an average total cash cost1 of $389 per ounce of gold sold from the Mulatos Mine.
Gold mineral resources at La Yaqui and San Carlos at Mulatos identified.
Cerro Pelon gold deposit identified at Mulatos.
Mineral reserves for El Victor reported for the first time.
Alamos produces 178,500 ounces at an average total cash cost1 of $327 per ounce of gold sold from the Mulatos Mine.
PdA Extension discovered, containing localized zones of high-grade gold mineralization.
Alamos announces acquisition of Ağı Dağı and Kirazlı high-sulphidation epithermal gold projects, located within the Biga Mineral District of northwestern Turkey.
On January 6, Alamos completes the acquisition of the Aği Daği and Kirazlı gold projects for total consideration $91.3 million.
Alamos delivers a Preliminary Economic Assessment (“PEA”), or Scoping Study, demonstrating robust economics for the Aği Daği and Kirazlı projects.
Mineral Reserves reported for La Yaqui and Cerro Pelon for the first time
Alamos produces 156,000 ounces at an average total cash cost1 of $361 per ounce of gold sold from the Mulatos Mine.
Alamos produces 153,000 ounces at an average total cash cost1 of $444 per ounce of gold sold from the Mulatos Mine.
Alamos begins processing ore from the Escondida high grade zone through the newly constructed gravity mill
Alamos produces a record 200,000 ounces at an average total cash cost1 of $438 per ounce of gold sold from the Mulatos Mine.
Alamos achieves two key milestones, producing the one millionth ounce of gold and generating the billionth dollar of revenue from Mulatos since the start of operations
Listed on NYSE
Acquired Esperanza Resources and its flagship Esperanza gold project located in Morelos State, Mexico. The acquisition was completed on August 30, 2013 for net cash1 of $44.7 million and the issuance of 7.2 million warrants.
Acquired Orsa Ventures and its right to earn a 100% interest in the Quartz Mountain Property in Oregon. The acquisition was completed on September 13, 2013 for cash1 of $3.5 million.