Alamos Gold Reports Fatality at its Young-Davidson Mine

Rhea-AI Summary

Alamos Gold Inc. (TSX:AGI; NYSE:AGI) announced the tragic death of an employee due to an underground accident at the Young-Davidson mine. The company expresses profound shock and sorrow, emphasizing the importance of employee safety. Alamos is cooperating with local authorities and initiating an internal investigation while providing support to the affected family and individuals. Alamos Gold operates three mines in North America and is dedicated to sustainable development.

Positive

• Alamos Gold operates three mines and has a strong portfolio of growth projects.
• The company is committed to employee safety and providing support to affected families.

Negative

• The death of an employee could lead to operational disruptions at the Young-Davidson mine.
• The incident may raise concerns regarding safety measures and protocols within the company.

TORONTO, Nov. 29, 2022 (GLOBE NEWSWIRE) -- Alamos Gold Inc. (TSX:AGI; NYSE:AGI) (“Alamos” or the “Company”) deeply regrets to announce the death of an employee following an accident underground at the Young-Davidson mine this afternoon.

“We are shocked and deeply saddened by the loss of our colleague. Nothing is more important than the safety of our employees. On behalf of the entire team at Alamos, we extend our deepest sympathies to his family, friends, and loved ones,” said John A. McCluskey, President and Chief Executive Officer.

Alamos is working closely with the local authorities and will be conducting an internal investigation. All means of support are being provided to the family and those impacted by the accident.

About Alamos
Alamos is a Canadian-based intermediate gold producer with diversified production from three operating mines in North America. This includes the Young-Davidson and Island Gold mines in northern Ontario, Canada and the Mulatos mine in Sonora State, Mexico. Additionally, the Company has a strong portfolio of growth projects, including the Phase 3+ Expansion at Island Gold, and the Lynn Lake project in Manitoba, Canada. Alamos employs more than 1,900 people and is committed to the highest standards of sustainable development. The Company’s shares are traded on the TSX and NYSE under the symbol “AGI”.

Investor Contact
Scott K. Parsons
Vice President, Investor Relations
(416) 368-9932 x 5439
ir@alamosgold.com

Media Contact
Rebecca Thompson
Vice President, Public Affairs
(416) 368-9932 x 5448
media@alamosgold.com

All amounts are in United States dollars, unless otherwise stated.

The TSX and NYSE have not reviewed and do not accept responsibility for the adequacy or accuracy of this release.

FAQ

What happened at the Young-Davidson mine involving Alamos Gold Inc. (AGI)?

An employee tragically died following an underground accident at the Young-Davidson mine.

What actions is Alamos Gold taking after the employee's death?

Alamos is cooperating with local authorities and conducting an internal investigation regarding the accident.

Is Alamos Gold (AGI) committed to employee safety?

Yes, Alamos Gold emphasizes the importance of employee safety and is providing support to the affected family.

Where does Alamos Gold operate its mines?

Alamos Gold operates mines in northern Ontario, Canada, and Sonora State, Mexico.

What growth projects does Alamos Gold have?

Alamos Gold has projects like the Phase 3+ Expansion at Island Gold and the Lynn Lake project in Manitoba, Canada.