Alamos Gold Inc. has released its first-ever Climate Change Report, marking a significant step in the company’s sustainability journey. The report outlines Alamos’ corporate governance on climate-related risks and opportunities, highlights the company’s processes for identifying and managing such risks, and provides further details on its target of reducing absolute greenhouse gas (GHG) emissions by 30% by 2030.
Alamos is already a leader in GHG emission intensity, with emissions 43% lower than the industry average, and has achieved a 37% reduction in emission intensity at its Young-Davidson mine through the adoption of electric conveyance systems.
Furthermore, the company is implementing a plan to reduce GHG emissions, focusing on six key projects. The first completed project involves switching from propane to compressed natural gas at the Young-Davidson mine, offering both cost savings and GHG reduction benefits.
Alamos is a Canadian-based gold producer with three operating mines in North America and a commitment to sustainable development. The company’s Climate Change Report is available on the company’s website.
Source: PRESS RELEASE
Image of haul truck with ore at Island Gold mine: Alamos Gold