The Island Gold mine is expected to produce between 135,000 and 145,000 oz. of gold this year.
Alamos Gold Mining News
Alamos will sell a portfolio of 18 royalties to Metalla Royalty and Streaming for $8 million in Metalla shares. Following the transaction, Alamos will own 6.26% of Metalla.
Alamos Gold produced 505,000 ounces of gold from its four mines in North America last year and expects a “similar rate of production” this year.
Alamos said the high grade mineralization is known to extend 1,000 metres east of the current mine working.
Alamos Gold says its best ever surface directional drilling intersection is at the Island Gold mine, 83 km northeast of the town of Wawa.