While an important chapter of the Alamos story involves what we take out of the ground, another focuses on what we put back into communities. And it is no less important.
Through numerous initiatives, we invest in our communities to help improve the quality of life of our neighbours. These initiatives include helping to build and maintain roads, improving drinking water quality, and refurbishing schools. This last initiative is part of our Adopt a School program – one that also includes student scholarships. It is a commitment of which we are particularly proud because it is truly an investment in the future potential of these communities.
Financially speaking, our mine operations make significant contributions to the local economy. In Mexico, for example, annual payroll payments from our Mulatos Mine equal US$10 million and locally-sourced operational expenditures exceed US$45 million.
In terms of employment numbers, of the approximately 500 people currently employed at our Mexican operations, about 97% are Mexican nationals. Furthermore, it has been estimated that the mine supports another 3,500 indirect jobs in the surrounding area.
We are constantly striving to keep open lines of communication with local communities to better understand their social, health, and economic concerns. This allows us to conduct activities in a responsible manner that respects the local culture and avoids unnecessary conflict.
This approach not only makes smart business sense; it’s also the right thing to do.