Gold mining is evolving in the modern world. There’s no doubt about it. Gold miners are facing a significant backlash against destructive practices, like the use of cyanide to facilitate the drilling operations. Mining companies are coming to grips with the importance of the environment, as well as a hostile public in response to any gold miners who fail to take others into consideration with their practices.
Gold miners with a purpose perform better.
Still, many gold mining companies are slow to conform to this sea change in the industry, assuming perhaps that the public will suddenly forget about the environmentalism that has slowly been growing in volume for many years. Firms like Alamos Gold are different though. Unlike third-party mine operators and other competitors who prioritize cash flow over social responsibility, Alamos—a Canadian multinational gold miner with interests all across North America in Northern Ontario, the United States, and Mexico—operates its mineral resources procedures with greater care.
Surpassing adequacy metrics for environmental protections is a priority for Alamos, just like the social responsibility aspects that imbue excellent board room fundamentals in the company. As a miner, Alamos operates three high output facilities boasting continuous operation in North America (the Young-Davidson and Island Gold Mines in Northern Ontario, and the Mulatos Mine in Mexico), as well as a variety of other development projects in the Republic of Turkey—most notably at Kirazli—and in the United States.
Gold mining has become a public venture.
In the modern world, mining companies (those that hunt for gold as well as ounces of other mineral resources like copper, platinum, tungsten, and silver) have to produce, but they also must maintain a positive forward-facing veneer in order to boost shareholder confidence in the continued product that the mining companies themselves represent.
Gold miners and other mining companies provide investor access to the underlying means of production for the mineral resources themselves. In a sense, firms like Alamos provide the fabric of value to the assets that they extract from the soil. Yet a mining company that doesn’t conform to the schedule of production, recovery efforts of environmentalists across the United States and the world, and a hedge against the uncertainties of any marketplace that nets actual results, investors will simply move on to another firm for their investment potential.
Alamos is different in this way, because the company provides rock-solid fundamentals and technical services to their investors, and provides a cutting-edge extraction process that kicks cyanide and other harmful chemicals and other techniques to the curb. Rather than doubling down on these harmful processes and working harder to provide a greater quantity of gold ounces to the market, Alamos, along with its new member of the board of directors, John A. McCluskey, have opted for a different route.
Gold miners offer a different avenue to the same strength.
Gold miners like Alamos have cracked the code. They understand that operating performance like theirs gives investors the ability to enjoy the long-term boost that gold bullion assets have always provided long-term ounce investors. Rather than purchasing these illiquid, physical assets that must be stored with security and care in mind, opting for firms that engage in the procurement of the commodity itself create the same longevity without the uncertainty of theft, damage, and many other cautions that gold ounce investors must take into consideration.
The gold mining industry is changing. In order to stay ahead of the curve, you must change your tune as an investor as well. Take a deep dive into mining firms like Alamos Gold Inc. for the greatest potential returns on investment.