We want our shareholders, employees, and neighbouring communities to share our confidence in Alamos’ ability to develop its projects and grow at a realistic pace. To manage those expectations, it’s important for all these groups to understand that we have a long-term strategy in place, based upon certain guiding principles.
We’d like to share some of those Alamos guiding principles with you.
The gold mining industry has a reputation for not always maximizing shareholder value, or eroding shareholder value by “getting bigger for the sake of getting bigger.” At Alamos, we are focused on sensible growth that is actually sustainable. We believe that, while gold mining makes a good small business, it can falter when making the leap to a big business. Some of the industry’s giants frequently struggle to replace their reserves and offer double-digit growth. In their rush for growth, the words “sensible” and
“sustainable” are often forgotten. It is a lesson that will not be lost on Alamos, as we grow steadily and sensibly.
As you take in the Alamos story told on this site, you’ll see that we’ve stuck to our mandate of sensible and sustainable growth by investing heavily in additional exploration within the Mulatos District. Simply put, we are doing further exploration in a location in which we are already fully operational – and an area that shows many encouraging signs for outlining additional reserves, which is the smartest strategy in terms of maximizing returns on existing investments and minimizing costs. This approach has already led to substantial increases in mineral reserves and resources at Mulatos that will allow us to finance our future growth plans from our cash flow, rather than drawing from external sources.
At Alamos, we believe in deep value and using our geologic and engineering prowess to guide