Alamos Gold Inc. · TSX:AGI
Alamos Gold — Shareholder Meeting (May 2022)
27 slides from Alamos Gold's shareholder meeting presentation, May 26, 2022
Slide 1: Annual Meeting of Shareholders
John A. McCluskey President & Chief Executive Officer Annual Meeting of Shareholders May 26, 2022
Slide 2: Cautionary Notes
Cautionary Notes This presentation, the information contained herein, any other materials provided in connection with this presentation and any oral remarks accompanying this presentation (collectively, the “Presentation”), has been prepared by Alamos Gold Inc. (“Alamos” or the “Company”) solely for
Slide 3: Year in review
Year in review TSX:AGI ǀ NYSE:AGI 3
Slide 4: ESG – Environment: industry leader with well below average GHG emissions
ESG – Environment: industry leader with well below average GHG emissions Lower GHG emissions per oz gold eq. produced1,2 0.69 Carbon footprint & energy reduction initiatives 0.54 31% tCO2e/oz 0.37 lower than intermediate average Increased 35% reduction in Connection to grid life of mine GHG AGI Int
Slide 5: ESG – Social & Safety
ESG – Social & Safety Annual recordable injury frequency rate 1 Annual lost time injury frequency rate 1 3.06 3.14 0.34 1.89 2.04 0.21 38% Safety 0.17 reduction in lost time injury rate since 2018 0.14 2018 2019 2020 2021 2018 2019 2020 2021 o Community Consultation & Benefits Agreement signed with
Slide 6: ESG – strong relative performance & positive rating trend
ESG – strong relative performance & positive rating trend Governance Top 15% ranking in 2021 Globe and Mail Board Games, including 3rd highest ranked in materials sector 2018 2019 2020 2021 Current Trend Score/notes Increased transparency driving positive rating trend Medium risk; 20th percentile in
Slide 7: Met revised 2021 guidance; record financial performance
Met revised 2021 guidance; record financial performance Gold Production (koz) Cash Flow from Operations & AISC (US$/oz)1,2 (before changes in WC)1 (US$M) $1,091 $1,135 $1,022 $1,010 $1,046 $989 $951 $933 505 495 $383 $411 457k oz 457 $293 380 392 429 427 gold production; met revised $183 $213 produc
Slide 8: 2021 highlights – record year at Young-Davidson
2021 highlights – record year at Young-Davidson $100m record mine-site free cash flow at Young-Davidson 8,240 tpd record underground mining rates achieved in Q4 2021 1 Please refer to Cautionary Notes on non-GAAP Measures and Additional GAAP Measures. TSX:AGI ǀ NYSE:AGI 8
Slide 9: 2021 highlights – advanced growth initiatives
2021 highlights – advanced growth initiatives Island Gold Reserve & Resource growth since 2017 acquisition 16 5,000 Mineral Reserves M&I Mineral Resources 4,500 Inferred Mineral Resources Mineral Reserve grade 14 4,000 Inferred Resource grade Cumulative oz produced 3,500 3,000 3,208 3,454 12 4% incr
Slide 10: 2022 – delivering on strong outlook
2022 – delivering on strong outlook TSX:AGI ǀ NYSE:AGI 10
Slide 11: Provided inaugural three-year guidance
Provided inaugural three-year guidance $1,215 $1,125 $1,000 Growing production driven by La Yaqui Grande & Island Gold 460-500 460-500 440-480 Declining costs low-cost growth from La Yaqui Grande & Island Gold Expanding profitability higher production, lower costs & lower capital spending2 2022E 202
Slide 12: Advancing growth initiatives – La Yaqui Grande
Advancing growth initiatives – La Yaqui Grande Q3 2022 initial production; construction 90% complete $578/oz average LOM mine-site AISC1,2; expected to drive Mulatos costs 30% lower in H2 20223 58% after-tax IRR at $1,750/oz gold price2 1 Please refer to Cautionary Notes on non-GAAP Measures and Add
Slide 13: Advancing growth initiatives – Island Gold Phase III Expansion
Advancing growth initiatives – Island Gold Phase III Expansion Strong production growth at industry low costs 80% $534/oz production growth to mine-site AISC1,2 , 40% 236koz/yr in 20251 reduction from 2022 Significant upside to 2020 Phase III expansion study Shaft site clearing and preparation work
Slide 14: Growing, long-life North American production; declining cost profile
Growing, long-life North American production; declining cost profile ~750k oz annual production potential by 2025 at ~$800/oz AISC1 Mulatos $1,215 PDA development Additional $1,135 $1,125 upside Island Gold $1,000 ~750 Updated mine plan potential $800 Lynn Lake3 13 year reserve life2 Production (000
Slide 15: Long-term focus on shareholder returns
Long-term focus on shareholder returns 15% Alamos Gold (TSX: AGI) Gold Price (US$/oz) 10% S&P/TSX Global Gold Index $51m returned to shareholders through 5% dividends & buybacks in 2021 0% -5% -3.5% $255M -7.4% returned to shareholders since 2010 -10% -12.5% -15% 12% Average annualized return since
Slide 16: Alamos – value creation opportunities
Alamos – value creation opportunities Growing, diversified, Expanding margins & Conservative, low- Sustainable business intermediate gold profitability risk strategy model supporting producer growing returns over the long-term Catalysts ✓ 4% increase in YE 2021 Mineral Reserves1 at 5% higher grades
Slide 17: Appendices
Appendices TSX:AGI ǀ NYSE:AGI 17
Slide 18: Board of Directors, Executive and Management Team
Board of Directors, Executive and Management Team Board of Directors Paul J. Murphy John A. McCluskey Elaine Ellingham David Fleck David Gower Claire M. C. Kennedy Monique Mercier J. Robert S. Prichard Kenneth Stowe Chairman Director Director Director Director Director Director Director Director Exe
Slide 19: 2022 guidance
2022 guidance 2022 Guidance 2021A Young-Davidson Island Gold Mulatos Other Total Total Gold production (000 oz) 185-200 125-135 130-145 — 440-480 457 Cost of sales (US$M) (3) — — — — $610 $534 Cost of sales (US$/oz) (3) — — — — $1,325 $1,167 Total cash costs (US$/oz) (1) $850-900 $550-600 $1,225-1,2
Slide 20: 2022 guidance: capital budget
2022 guidance: capital budget 2022 Guidance 2021A2 Sustaining Capital Growth Capital Total Total Operating Mines (US$M) Young-Davidson $50-55 $5-10 $55-65 $82 Island Gold $35-40 $145-160 $180-200 $101 Mulatos $5-10 $50-55 $55-65 $127 Total – Operating Mines $90-105 $200-225 $290-330 $310 Development
Slide 21: 2022 - 2024 guidance: operating mines
2022 - 2024 guidance: operating mines1 2022 2023 2024 Gold Production (000 oz) Young-Davidson 185-200 185-200 185-200 Island Gold 125-135 115-125 140-155 Mulatos 130-145 160-175 135-145 Total Gold Production 440-480 460-500 460-500 Total cash costs (US$/oz) (2) $875-925 $775-875 $650-750 All-in sust
Slide 22: Total Proven & Probable Mineral Reserves
Total Proven & Probable Mineral Reserves PROVEN AND PROBABLE GOLD MINERAL RESERVES (as at December 31, 2021) Proven Reserves Probable Reserves Total Proven and Probable Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces (000's) (g/t Au) (000's) (000's) (g/t Au) (000's) (000's) (g/t Au) (000
Slide 23: Total Measured & Indicated Mineral Resources
Total Measured & Indicated Mineral Resources MEASURED AND INDICATED GOLD MINERAL RESOURCES (as at December 31, 2021) Measured Resources Indicated Resources Total Measured and Indicated Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces (000's) (g/t Au) (000's) (000's) (g/t Au) (000's) (000'
Slide 24: Total Inferred Mineral Resources
Total Inferred Mineral Resources INFERRED GOLD MINERAL RESOURCES (as at December 31, 2021) Tonnes Grade Ounces (000's) (g/t Au) (000's) Young-Davidson – Surface 31 0.99 1 Young-Davidson – Underground 2,062 3.02 200 Total Young-Davidson 2,093 2.99 201 Island Gold 7,906 13.59 3,454 Mulatos 507 0.92 15
Slide 25: Notes to Mineral Reserve and Resource estimates
Notes to Mineral Reserve and Resource estimates Qualified Persons Chris Bostwick, FAusIMM, Alamos Gold’s Senior Vice President, Technical Services, has reviewed and approved the scientific and technical information contained in this presentation. Chris Bostwick is a Qualified Person within the meani
Slide 26: Cautionary Note to U.S. Investors
Cautionary Note to U.S. Investors All resource and reserve estimates included in this Presentation have been prepared in accordance with Canadian National Instrument 43-101 -Standards of Disclosure for Mineral Projects (“NI 43-101”) and the Canadian Institute of Mining, Metallurgy and Petroleum (the
Slide 27: Scott K. Parsons, CFA
Scott K. Parsons, CFA VP, Investor Relations 416.368.9932 x 5439 sparsons@alamosgold.com