Alamos Gold Inc.
ESG Report
2023
- Environmental
- Social
- Governance
Report Contents
2023 Highlights
Communities
$2.2M
in community investments
Environment
8%
reduction in Scope 1 and 2 GHG emissions
0
fines or non-monetary sanctions
87,666
hours of training delivered across our operating mines
99%
supplier spend in-country
0
Significant environmental incidents
Message from the President and CEO
During 2023 our Alamos Gold team had the opportunity to reflect on two decades as a Company. Over the years our dedication to responsible mining has been foundational to achieving one of the best growth profiles in the sector.
This was a year with increased media attention on the mining industry, with increased world demand for mineral resources needed to support global economic growth. This focus has precipitated a deeper dialogue on responsible environmental practices, worker safety, and engagement with and support for local communities. The World Gold Council produced a documentary featuring the positive and sustainable impact of gold mining that reached a global audience. It clearly demonstrated the importance of gold mining in many remote communities throughout the world.
Alamos has been focused on responsible mining since our founding and is aligned with the World Gold Council’s Responsible Gold Mining Principles. I would like to cover a few notable highlights that make up our 2023 ESG Report.
The safety and wellbeing of our employees has remained a top priority. During 2023, we provided more training than ever before, totaling over 87,000 hours across Alamos’ three operating mines, including 22,000 hours of health and safety-specific training. This reflects our dedication to continuously raising the bar in health and safety performance.
“Alamos has been focused on responsible mining since our founding and is aligned with the World Gold Council’s Responsible Gold Mining Principles.“
For the second consecutive year, Alamos was also the recipient of the prestigious Silver Helmet Award given by the Mining Chamber of Mexico (CAMIMEX). The award recognizes companies with superior health and safety practices.
Our teams continued to find new ways to reduce our environmental footprint and improve our operations. We worked on energy efficiency and reduced our consumption by 16% per ounce of gold produced. Young-Davidson retrofitted lighting to use LEDs and began a compressor waste heat recovery project to reduce the energy required to heat incoming water. They also began a Ventilation-On-Demand project to automate mine ventilation. The Island Gold mine completed a compressed air efficiency project to reduce leakages. At Mulatos, solar-powered and LED lighting was installed throughout the camp and office spaces, and soon a new connection to the national electricity grid will reduce Mulatos’ greenhouse gas emissions by 15% annually.
Looking to the future, Alamos will be adding additional operations, starting with the Lynn Lake Project in Manitoba. These new projects are already being shaped by our sustainability practices and commitment to responsible mining. For example, the Lynn Lake Project will see 58% lower emissions per ounce produced than the industry average, as outlined in our updated 2023 Feasibility Study for this project.
We achieved two important ESG milestones for this project in 2023, with the approval of key environmental permits, and signing of a formal Impact Benefit Agreement with Marcel Colomb First Nation.
Across the communities in which we work, we contributed $2.2 million in new infrastructure, scholarships, health care, and community housing opportunities. Our efforts earned us positive recognition again, with an Award from the Mexican Center for Philanthropy (CEMEFI) in recognition of socially responsible mining practices.
Alamos recognizes that our ability to invest in communities is contingent on remaining in business, which is why expanding our Mineral Reserve and Resource base is so important. This year, Alamos has our largest-ever exploration budget planned to support the growth of long-life assets in Canada and Mexico.
In 2023, we made progress in our sustainability initiatives, and we will continue to measure our results against the high standards that we have set.
I want to express my gratitude to the entire Alamos team for their ongoing support, and to the Board for their commitment in supporting our ESG objectives and performance.
JOHN A. McCLUSKEY
President and CEO
The Company
Alamos Gold Inc. (“Alamos” or the “Company”) is a growing and diversified gold producer with a long-term track record of creating value for all stakeholders through solid financial performance and low-cost production growth, as well as a commitment to safety, social responsibility, emissions-reduction, environmental stewardship, and workplace diversity, equity and inclusion (DEI).
Contact Us
Please direct questions, comments, or general inquiries regarding the 2023 ESG Report to info@alamosgold.com
