Alamos Gold Inc. announced that following up on a successful 2024 program, a total of 46,889 m of underground drilling was completed in 180 holes in 2025 with a focus on defining new Mineral Reserves and Resources in proximity to existing production horizons and infrastructure. Additionally, 14,609 m of surface exploration drilling was completed in 15 holes targeting the area between the Island Gold and Magino deposits, as well as the down-plunge extension of the Island Gold deposit, below a depth of 1,500 m. Over the past five years, the discovery cost of the high-grade Mineral Resource additions has averaged an attractive $13 per ounce. A primary focus of the 2025 drill program was the conversion of a portion of the large Mineral Resource base to Mineral Reserves to be included in the Island Gold District Expansion Study.
As part of that focus a total of 33,964 m of underground delineation drilling was completed in 117 holes, and 12,269 m of surface delineation drilling was completed in 12 holes. Additionally, 22,390 m of surface delineation drilling were completed in 51 holes at Magino. A total of 11,060 m drilling was also completed in 36 holes as part of regional exploration program at the Island Gold District.
The program focused on stepping out from high-grade mineralization intersected at the Cline-Pick deposit located approximately seven kilometres northeast of the Island Gold mine, with 29 holes totaling 9,911 m completed in 2025. Initial drilling was completed at the past-producing Edwards Mine, which was successful in expanding high-grade mineralization and will continue to be advanced as part of the 2026 program. These factors and assumptions include, but are not limited to the actual results of current exploration activities changes to current estimates of mineral reserves and mineral resources conclusions of economic and geological evaluations changes in project parameters as plans continue to be refined operations may be exposed to illness, disease, epidemic or pandemic which may impact, among other things, the broader market state and federal orders or mandates (including with respect to mining operations generally or auxiliary businesses or services required for the Company's operations) in Canada, Mexico and other jurisdictions in which the Company does or may conduct business the duration of regulatory responses to any illness, disease, epidemic oremic changes in national and local government legislation, controls or regulations failure to comply with environmental and health and safety laws and regulations labour and contractor availability (and being able to secure the same on favourable terms) ability to sell or deliver gold dor bars disruptions in the maintenance or provision of required infrastructure and information technology systems fluctuations in the price of gold or certain other commodities such as, diesel fuel, natural gas, and electricity operating or technical difficulties in connection with mining or development activities, including geotechnical challenges and changes to production estimates (which assume accuracy of projected ore grade, mining rates, recovery timing and recovery rate estimates and may be impacted by unscheduled maintenance).
changes in foreign exchange rates (particularly the Canadian dollar, U.S. dollar, and Mexican peso) the impact of inflation the potential impact of any tariffs, trade barriers and or regulatory costs employee and community relations litigation and administrative proceedings disruptions affecting operations risks associated with the start of new mines availability of and increased costs associated with mining inputs and labour delays in the development or updating of mine plans inherent risks and hazards associated with mining and mineral processing including environmental hazards, industrial accidents, unusual or unexpected formations, pressures and cave-ins the risk that the Company's mines may not perform as planned uncertainty with the Company's ability to secure additional capital to execute its business plans the speculative nature of mineral exploration and development, risks in obtaining and maintaining necessary licenses, permits and authorizations, contests over title to properties expropriation or nationalization of property political or economic developments in Canada or Mexico and other jurisdictions in which The Company does or may carry on business in the future increased costs and risks related to the potential impact of climate change the costs and timing of exploration, construction and development of new deposits risk of loss due toattacks, protests and other civil disturbances the impact of global liquidity and credit availability and credit availability and credit availability, global liquidity and credit availability and the values of assets and liabilities based on projected assets and liabilities based on projected asset assets and liabilities based on projected projects.
