Alamos Gold Inc. · TSX:AGI

Alamos Gold — Shareholder Meeting (May 2014)

23 slides from Alamos Gold's shareholder meeting presentation, May 28, 2014

  1. Slide 1: Annual Meeting of Shareholders

    John A. McCluskey President and Chief Executive Officer Annual Meeting of Shareholders May 28, 2014

  2. Slide 2: Cautionary Notes

    Cautionary Notes Cautionary Notes No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Certain statements in this presentation are “forward-looking statements”, including within the meaning of the United States Securitie

  3. Slide 3: Robust Balance Sheet

    Robust Balance Sheet Cash & Cash Equivalents1 ~US$400 million Working Capital1 ~US$450 million Debt None Gold Hedging None Semi‐Annual Dividend US$0.10/share Shares Outstanding1 127.4 million Warrants1 7.2 million Employee Options1 4.6 million Fully Diluted 139.1 million Recent Share Price (TSX)2 C$

  4. Slide 4: Significant Achievements in 2013

    Significant Achievements in 2013  Achieved 2013 production guidance and low end of cash cost guidance Operating Data 2013A 2013E Guidance Production oz Au 190,000 180,000 ‐ 200,000 Cash Operating Costs1 US$/oz $426 $415‐435 Total Cash Costs1 US$/oz $496 $500‐520 All‐in Sustaining Costs1 US$/oz $772

  5. Slide 5: Significant Achievements in 2013

    Significant Achievements in 2013  Achieved 2013 production guidance and low end of cash cost guidance  Advanced development pipeline in Turkey • Achieved significant milestone with EIA approval for the Kirazlı project 5

  6. Slide 6: Significant Achievements in 2013

    Significant Achievements in 2013  Achieved 2013 production guidance and low end of cash cost guidance  Advanced development pipeline in Turkey  Enhanced growth profile pipeline through low cost acquisitions $47m <3% >50% Net cash paid to Transaction size Expected production acquire Esperanza rela

  7. Slide 7: Significant Achievements in 2013

    Significant Achievements in 2013  Achieved 2013 production guidance and low end of cash cost guidance  Advanced development pipeline in Turkey  Enhanced growth profile pipeline through low cost acquisitions  Generated strong cash flows and continued to strengthen balance sheet $64m $113m Increas

  8. Slide 8: Significant Achievements in 2014

    Significant Achievements in 2014  Increased reserve grade and high grade underground reserve • Expected to positively impact production and costs 43% 9% increase higher 7.02 0.93 4.92 0.85 2012 2013 2014 Budget 2013 Open Pit Reserve Grade San Carlos Underground Open Pit Mineral Reserve Grade1 Miner

  9. Slide 9: Significant Achievements in 2014

    Significant Achievements in 2014  Increased reserve grade and high grade underground reserve  Transitioned to contract mining Alamos Tax Planning Mexican Tax Reform Net Impact • Contract mining • 7.5% EBITDA Tax ~35% effective tax • Transfer pricing • 0.5% Royalty rate instead of ~40% • Inter comp

  10. Slide 10: Significant Achievements in 2014

    Significant Achievements in 2014  Increased reserve grade and high grade underground reserve  Transitioned to contract mining  Strong Q1 2014 results with costs beating expectations on all fronts Operating Data Q1 2014A 2014E Guidance Production oz Au 37,000 150,000 ‐ 170,000 Cash Operating Costs

  11. Slide 11: Significant Achievements in 2014

    Significant Achievements in 2014  Increased reserve grade and high grade underground reserve  Transitioned to contract mining  Strong Q1 2014 results with costs beating expectations on all fronts  Secured Surface Rights at Cerro Pelon and La Yaqui 11

  12. Slide 12: Acquired Surface Rights for Cerro Pelon & La Yaqui

    Acquired Surface Rights for Cerro Pelon & La Yaqui • Incremental low‐cost production growth starting in 2016 • 33,000 oz – average annual production over a 5 year mine life • ~50,000 oz – peak annual production • 1.6 g/t – combined mineral reserve grade nearly double 2014 budget • $490/oz – combined

  13. Slide 13: Long Term Track Record… …Long Term Vision

    Long Term Track Record… …Long Term Vision 13

  14. Slide 14: Alamos Gold – Long Term Track Record…

    Alamos Gold – Long Term Track Record… $10m $70m $350m cost to acquire initial capital raised to free cash flow Mulatos in 2003 build Mulatos generated to date Proven, Low Risk, High Reward Strategy 1 Please refer to Cautionary Notes on non‐GAAP Measures and Additional GAAP Measures. 14

  15. Slide 15: …Long Term Vision

    …Long Term Vision We intend on replicating this success many times over… Cerro Pelon & La Yaqui Open pit, heap leach projects Kirazlı Total acquisition cost • Low capital intensity Ağı Dağı • <$150m Çamyurt • ~$20/oz of • Low operating costs Esperanza resource1,2 • Low technical risk Quartz Mountain

  16. Slide 16: Production (000 oz Au)

    …Long Term Vision • Leading growth profile • Fully funded growth – $400m cash & ongoing cash flow generation • Further potential upside through Çamyurt & Quartz Mountain 500 400 Production (000 oz Au) 300 200 100 0 2006 2007 2008 2009 2010 2011 2012 2013E 2014E Esperanza Kirazlı & Ağı Dağı Mulatos 1

  17. Slide 17: Long Term Track Record of Outperformance

    Long Term Track Record of Outperformance 175% Alamos Gold Inc. (TSX:AGI) ‐ Share Pricing 150% S&P/TSX Global Gold Index ‐ Index Value Gold (COMEX ‐ C$/oz) ‐ Day Close Price 125% 100% 75% 50% 25% 0% ‐25% ‐50% ‐75% Jan‐09 Mar‐09 May‐09 Oct‐09 Dec‐09 Mar‐10 May‐10 Oct‐10 Dec‐10 Mar‐11 May‐11 Oct‐11 Dec

  18. Slide 18: Short Term Underperformance

    Short Term Underperformance • Transition year at Mulatos – production dip temporary 50% Alamos Gold Inc. (TSX:AGI) ‐ Share Pricing S&P/TSX Global Gold Index ‐ Index Value Gold (COMEX ‐ C$/oz) ‐ Day Close Price 30% 10% ‐10% ‐30% ‐50% Jan‐14 Feb‐14 Mar‐14 Apr‐14 May‐14 Source: Capital IQ 18

  19. Slide 19: Transition Year at Mulatos

    Transition Year at Mulatos Pieces in place to return Mulatos to 200,000 oz per year 19

  20. Slide 20: Pieces in Place to Return Mulatos to 200,000 Oz Per Year

    Pieces in Place to Return Mulatos to 200,000 oz Per Year • San Carlos on track for Q3 2014 • Reserve grade increase – 2015 production growth • Cerro Pelon & La Yaqui – production growth secured for 2016 200 Production (000 oz Au) 150 100 50 0 2006 2007 2008 2009 2010 2011 2012 2013E 2014E 20

  21. Slide 21: Alamos Gold – Value Proposition

    Alamos Gold – Value Proposition 10.00 9.00 8.00 7.00 C$5.40 C$/share 6.00 5.00 C$8.90 4.00 3.00 2.00 C$3.76 C$3.50 1.00 0.00 3 2 2 Current Share Price Cash/Share Working Capital/Share Implied Value for Mulatos, Turkey, Esperanza & Quartz Mountain 3 1 Please refer to Cautionary Notes on non‐GAAP Meas

  22. Slide 22: Alamos Well Positioned for Low-Cost Growth

    Alamos Well Positioned for Low‐Cost Growth • We remain a low‐cost, mid‐tier gold producer • Mexico (Sonora State): own and operate the Mulatos Mine • Growth pipeline that generates strong returns at the current gold price • Turkey (Çanakkale): advanced‐stage development projects • Mexico (Morelos St

  23. Slide 23: Scott K. Parsons, CFA

    Scott K. Parsons, CFA Director, Investor Relations 416.368.9932 x 439 sparsons@alamosgold.com

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