Alamos Gold Inc
AGI
Materials
2
exclusion reasons
2 themes
This page is part of our public exclusion list — a transparency tool that shows which companies we screen out and why. It is not investment advice, and it is not an accusation. But it is subject to change as our understanding of the facts evolves.
Alamos Gold Inc. is a gold mining company with primary operations in North America. Its core business is the exploration, development, and extraction of gold, a non-fuel mineral. The company's flagship operations include the Young-Davidson mine in Ontario and the Island Gold mine in Ontario, with the Mulatos mine in Mexico representing a significant historical operation. Alamos is actively advancing development projects, such as the Lynn Lake Gold Project in Manitoba, as documented in its 2020 Environmental Act Proposal Report. This project outlines plans for open-pit and underground mining, ore processing, and associated infrastructure, demonstrating the company's ongoing commitment to gold extraction as its central business activity.
Alamos Gold's mining operations have resulted in documented environmental incidents and ongoing risks of contamination. In 2021 alone, the company reported four spills at its mines, including a 400-liter diesel spill at its Young-Davidson mine in Ontario and a hydraulic oil spill at its Island Gold mine. The company also incurred a $6,500 environmental fine at Young-Davidson for an effluent sample exceeding compliance limits for total suspended solids. Across its operations, Alamos uses significant quantities of sodium cyanide for gold extraction—over 10,400 tonnes in 2021—a highly toxic chemical that presents persistent risks of water contamination. The company's proposed Lynn Lake Gold Project in Manitoba required a formal environmental assessment, indicating the scale of potential ecological disturbance from new open-pit and underground mining, waste rock storage, and tailings management facilities. While the company reports immediate containment of spills, the repeated incidents and use of hazardous materials demonstrate ongoing risks of environmental damage inherent to its operations.
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