Page 68 Contd on pg 68 By Gregory Reynolds A jump in gold production is foreseen for 2018 by Alamos Gold Inc The company executed on several strategic priorities in 2017 all of which support its objective of in creasing cash fow from its operations while advancing its portfolio of low cost development projects This included delivering record gold production of 429400 ounces at an 8 decrease in allin sustaining costs This drove minesite free cash fow to 78 million up nearly 120 from 2016 Additionally the company strength ened its operating base through the acquisition of the Island Gold Mine adding a third core lowcost long life operation which will be a strong driver of free cash fow growth in the years ahead The company also made signifcant progress advancing its development pipeline including the completion of three positive feasibility studies con struction of La Y aqui Phase I ahead of schedule and on budget and initiating development of Kirazl The strong operational performance is expected to continue into 2018 with gold production expected to increase to a range of 480000 to 520000 ounces a 16 increase over 2017 based on the midpoint of guidance Allin sustaining costs are expected to average 950 per ounce supporting strong ongoing operating mar gins and minesite free cash fow Capital spending at the four operat ing mines is expected to total between 146 and 165 million The compa ny expects stronger gold production lower costs and a lower rate of capital spending in the second half of 2018 all of which is expected to contrib ute to higher minesite free cash fow compared to the frst half of the year John A McCluskey president and CEO commented with a solid op erating base of 500000 ounces of annual production we expect further growth in 2018 and remain focused on continuing to expand mar gins and cash fow over the next several years W ere making good progress within our development pipeline with con struction activities at Kirazl ramping up and we continue to expand the size and qualit y of our long life min eral reserve base Combined with a peer leading debt free balance sheet Alamos is well po sitioned to deliver sustainable long term shareholder value McCluskey added Alamos is a Canadianbased inter mediate gold producer with diversi fed production from four operating mines in North America including the Y oungDavidson and Island Gold Mines in Northern Ontario Cana da and the Mulatos and El Chanate Mines in Sonora Mexico It is committe d to the highest stan dards of sustainable development The company has a leading growth profle with exploration and devel opment projects in Mexico T urkey Canada and the United States On Nov 23 2017 Alamos announced the completion of the previously an nounced plan of arrangement where