Energy Efficiency, GHG Emissions  -  June 15, 2022

Alamos Gold Targets 30% GHG Reduction

Alamos Gold Inc. announced its target of a 30% reduction in GHG emissions by 2030 from the 2020/2021 average baseline year. This target includes Scope 1 and 2 GHG emissions. This is a significant milestone in Alamos’ sustainability journey and considered a credible target by definition of the Carbon Disclosure Project (“CDP”).

The 30% absolute reduction in GHG emissions will decrease Alamos’ emission intensity by 55%. This includes the development of the Lynn Lake project, which is expected to begin producing within the target period. No offsets are included in emission projection calculations.

Alamos is leading the industry in GHG emission intensity with an average of 0.38 tCO2e per ounce of gold produced across its three operating mines (base year 2020/2021), 43% lower than the mining industry average of 0.67 tCO2e per ounce of gold.

Electric conveyance systems were installed during the lower mine expansion at the Young-Davidson Mine reducing the company’s reliance on diesel consumption. Alamos is working to connect to grid power at the Mulatos Mine to offset diesel power generation. The company is also considering increasing use of biodiesel vs. conventional diesel at all operations, and replacing propane with compressed natural gas for mine-air heaters at underground operations.

The company’s target to reduce GHG emissions is in support of Canada’s Paris Accord Commitment and the World Gold Council’s (WGC) commitment for members to adopt the recommendations of the Task Force on Climate-Related Financial Disclosure (TCFD).