Alamos Gold Inc. · TSX:AGI
Alamos Gold — Q4 2019 Earnings Presentation
21 slides from Alamos Gold's earnings presentation, Feb 20, 2020
Slide 1: Fourth Quarter and Year-End 2019 Results Presentation
Fourth Quarter and Year-End 2019 Results Presentation February 20, 2020
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: Q4 2019 & Full-Year Highlights
Q4 2019 & Full-Year Highlights YoY % YoY % 2019 Q4 2019A Q4 2018A Change 2019A 2018A Change Guidance Total cash costs (US$/oz)1 Gold production (000 oz) 122.1 125.6 (3%) 494.5 505.0 (2%) 480-520 $802 -10% $720 Gold sales (000 oz) 127.1 131.2 (3%) 494.7 509.9 (3%) Total cash costs (US$/oz)1 $722 $770
Slide 4: Financial Highlights
Financial Highlights YoY % YoY % Q4 2019A Q4 2018A 2019A 2018A AISC margin (US$/oz)1,4 Change Change Realized gold price (US$/oz) $1,463 $1,244 18% $1,381 $1,278 8% $498 $491 Operating revenues (US$M) $186 $163 14% $683 $652 5% $383 $347 Cash flow from operations (US$M) $78 $47 66% $260 $214 21% $26
Slide 5: Operational Highlights – Young-Davidson
Operational Highlights – Young-Davidson 2019 2020 Q4 2019A Q4 2018A 2019A 2018A Production & total cash costs2 Guidance Guidance Gold production (koz) 48.0 50.9 188.0 180.0 180-190 145-160 $1,000 Cost of sales, including amortization, per ounce of 50 $1,149 $1,184 $1,224 $1,266 $1,220 $1,360 gold so
Slide 6: Young-Davidson lower mine expansion – tie-in underway
Young-Davidson lower mine expansion – tie-in underway 8940 Load out 8990 Crusher • Ore passes from the upper mine to the lower mine coarse ore bin complete • Shaft bottom steel, ore and waste bins at Northgate shaft complete • 8940L loading pocket complete TSX:AGI ǀ NYSE:AGI 6
Slide 7: Young-Davidson lower mine expansion – tie-in underway
Young-Davidson lower mine expansion – tie-in underway Lower mine conveyor Current work in progress • All three fine ore bins excavated; two being commissioned • Installation and commissioning of the crusher to be complete in February 2020 • Installation of grizzlies and rock breakers will be complet
Slide 8: Operational Highlights – Island Gold
Operational Highlights – Island Gold 2019 2020 Q4 2019A Q4 2018A 2019A 2018A Guidance Guidance Production & total cash costs2 Gold production (koz) 38.6 29.0 150.4 105.8 135-145 130-145 40 $700 Cost of sales, including amortization, per ounce of $918 $950 $864 $1,009 $855 $880 gold sold1 $600 Total
Slide 9: Operational Highlights – Mulatos
Operational Highlights – Mulatos 2019 2020 Production & total cash costs2 Q4 2019A Q4 2018A 2019A 2018A Guidance Guidance Gold production (koz) 34.1 35.6 142.0 175.5 150-160 150-160 60 $1,000 Cost of sales, including amortization, per 50 $900 $1,049 $989 $982 $989 $1,065 $1,085 ounce of gold sold1 4
Slide 10: Island Gold Mine – Changes in Reserves as of December 31, 2019
Island Gold Mine – Changes in Reserves as of December 31, 2019 W E Crown pillar Reserves as of December 31st, 2019 Category Tonnage Grade Au (g/t) Ounces Au Proven: 786,000 13.48 340,700 Probable: 2,856,900 9.52 874,400 340 Level TOTAL: 3,642,900 10.37 1,215,100 - 500 m • 361k oz of Reserves added -
Slide 11: Island Gold Mine – Changes in Resources as of December 31, 2019
Island Gold Mine – Changes in Resources as of December 31, 2019 W E Crown pillar Resources as of December 31st, 2019 Category Tonnage Grade Au g/t Ounces Au Measured & 878,600 6.51 184,000 Indicated: 340 Level Inferred: 5,392,300 13.26 2,298,000 • 46%, or 725k oz increase in Inferred Resources to 2.
Slide 12: Island Gold – growing in size & quality
Island Gold – growing in size & quality Mineral Reserve & Resource Growth Since Acquisition (koz) Reserves Significant growth since November 2017 acquisition 4,000 12 M&I Resources • 3.7m oz of combined Reserve & Resources at the end of 2019, Inferred Resources Mineral Reserve grade double the 1.8m
Slide 13: Strong platform for delivering long-term value
Strong platform for delivering long-term value Diversified, long-life Expanding margins & Strong, debt free Long-term track gold production from profitability balance sheet to record of creating three North American support growth value for all mines stakeholders 2020 – transformational year Consens
Slide 14: Appendices
Appendices TSX:AGI ǀ NYSE:AGI 14
Slide 15: 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 Ronald E. Smith Kenneth Stowe Chairman Director Director Director Director Director Director Direc
Slide 16: 2020 guidance
2020 guidance 2019 2020 Guidance Actual Young-Davidson Mulatos Island Gold Other (2) Total Total Gold production (000’s oz) 145-160 150-160 130-145 — 425-465 494.5 Cost of Sales (in millions) (4) $207 $168 $120 — $495 $521 Cost of Sales ($ per ounce) (4) $1,360 $1,085 $880 — $1,130 $1,054 Total cash
Slide 17: Proven & Probable Mineral Reserves
Proven & Probable Mineral Reserves PROVEN AND PROBABLE GOLD MINERAL RESERVES (as at December 31, 2019) 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's) Yo
Slide 18: Total Measured & Indicated Mineral Resources
Total Measured & Indicated Mineral Resources MEASURED AND INDICATED GOLD MINERAL RESOURCES (as at December 31, 2019) 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 19: Total Inferred Mineral Resources
Total Inferred Mineral Resources INFERRED GOLD MINERAL RESOURCES (as at December 31, 2019) Tonnes Grade Ounces (000's) (g/t Au) (000's) Young-Davidson – Surface 31 0.99 1 Young-Davidson – Underground 1,329 2.43 104 Total Young-Davidson 1,360 2.40 105 Island Gold 5,392 13.26 2,298 Mulatos 8,122 0.92
Slide 20: Notes to Mineral Reserve and Resource estimates
Notes to Mineral Reserve and Resource estimates Qualified Persons Chris Bostwick, FAusIMM, Alamos Gold’s 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 meaning of C
Slide 21: Scott K. Parsons, CFA
Scott K. Parsons, CFA VP, Investor Relations 416.368.9932 x 5439 sparsons@alamosgold.com TSX:AGI ǀ NYSE:AGI 21