Alamos Gold falls victim to cyberattack – report

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The attack was reportedly carried out by Black Basta, the same ransomware group responsible for prior attacks on Sobeys and Yellow Pages Canada, said Josh Rubin, author of the report, citing a mining industry cybersecurity expert.

The gold miner currently employs more than 1,900 people. It operates three mines in North America: the Young-Davidson and Island gold mines in northern Ontario, Canada, and the Mulatos mine in Sonora state, Mexico.

Alamos Gold closed Wednesday’s session down 0.7% to C$16.28 a share, having traded between C$13.35 and C$20.20 over the past 52 weeks. The intermediate gold producer has a market capitalization of approximately C$6.5 billion ($4.8bn).

Mining’s cyber threat

The latest incidence with Alamos Gold highlights the increased concerns of digital security within the mining industry and the frequency of attacks that can hamper the mineral extraction business.

Last December, global miner Anglo…

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