Alamos Gold Inc. · TSX:AGI
Alamos Gold — Q3 2022 Earnings Presentation
22 slides from Alamos Gold's earnings presentation, Oct 27, 2022
Slide 1: Third Quarter 2022 Results Presentation
Third Quarter 2022 Results Presentation October 27, 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: Q3 2022 highlights
Q3 2022 highlights YoY % Q3 2022A Q3 2021A YoY % Gold production (000 oz) Q3 2022A Q3 2021A 2022 Guidance Change YTD YTD Change 123 Gold production (000 oz) 123.4 104.7 18% 326.2 344.7 (5%) 440-480 113 105 104 99 Gold sales (000 oz) 122.8 110.5 11% 323.4 344.6 (6%) - Total cash costs (US$/oz)1 $868
Slide 4: On track to achieve full year guidance
On track to achieve full year guidance Q4 2022 Q3 2022 Q3 2022 YTD 2022 Guidance Guidance Q4 guidance: Production (000 oz) 123 326 125 - 135 440 - 480 higher production & Total cash costs (US$/oz)1 $868 $914 Lower than Q3 $875 - 925 lower costs All-in sustaining costs $1,178 $1,231 Lower than Q3 $1,
Slide 5: Growing, long-life North American production; declining cost profile
Growing, long-life North American production; declining cost profile 800 $1,215 $1,125 Lynn Lake3 700 $1,000 13 year reserve life2 Production (000 oz Au) 600 500 Island Gold 18 year mine life2 400 300 Mulatos 6 year reserve life2,4 200 100 Young-Davidson 15 year reserve life2 0 2022E 2023E 2024E 202
Slide 6: Financial highlights
Financial highlights YoY % Q3 2022A Q3 2021A YoY % Cash flow from operations, before Q3 2022A Q3 2021A 2022 Guidance changes in working capital (US$M) 1 Change YTD YTD Change $102 Realized gold price (US$/oz) $1,740 $1,792 (3%) $1,822 $1,801 1% - $96 $92 $85 Operating revenues (US$M) $214 $198 8% $5
Slide 7: Operational highlights – Young-Davidson
Operational highlights – Young-Davidson Q3 2022A Q3 2021A Production & mine-site AISC1 Q3 2022A Q3 2021A 2022 Guidance YTD YTD Gold production (000 oz) 49.3 50.0 147.6 143.1 185-200 60 $1,700 50 $1,500 Total cash costs (US$/oz sold)1 $870 $810 $858 $873 $850-900 40 $1,300 Mine-site all-in sustaining
Slide 8: Operational highlights – Island Gold
Operational highlights – Island Gold Q3 2022A Q3 2021A Production & mine-site AISC1 Q3 2022A Q3 2021A 2022 Guidance YTD YTD 45 $1,500 Gold production (000 oz) 31.4 28.0 93.2 103.4 125-135 40 $1,300 Total cash costs (US$/oz sold)1 $651 $586 $650 $512 $550-600 35 30 $1,100 Mine-site all-in sustaining
Slide 9: Island Gold – Phase 3+ Shaft Expansion to 2,400 tpd
Island Gold – Phase 3+ Shaft Expansion to 2,400 tpd Shaft site area Shaft pre-sinking ~90% completed Project progress in Q3 2022 Milestones in 2022 ✓ Closure Plan Amendment approved - March 2022 ✓ Shaft site earthworks, access road >80% complete ✓ Shaft pre-sinking ~90% complete to date; expect to >
Slide 10: Operational highlights – Mulatos District
Operational highlights – Mulatos District Q3 2022A Q3 2021A 2022 H1 2022 H2 2022 Mulatos District Q3 2022A Q3 2021A YTD YTD Guidance Guidance Guidance Production & mine-site AISC1 Gold production (000 oz) – Mulatos District 42.7 26.7 85.4 98.2 130-145 45-50 85-95 45 $2,000 40 Total cash costs (US$/o
Slide 11: La Yaqui Grande – driving production higher at significantly lower costs
La Yaqui Grande – driving production higher at significantly lower costs 25k oz 111% increase in Mulatos District Q3 2022 production production QoQ to 43k oz Crushing circuit & heap leach facility $699/oz 34% Reduction in Mulatos District mine-site Q3 2022 mine-site AISC1 AISC1 from H1 2022 8,700 tp
Slide 12: Alamos Gold – value creation opportunities
Alamos Gold – value creation opportunities Growing, diversified, Expanding margins & Conservative, low- Sustainable business intermediate gold profitability risk strategy model supporting producer growing returns over the long-term Upcoming Catalysts ✓ La Yaqui Grande initial production in June 2022
Slide 13: Appendices
Appendices TSX:AGI ǀ NYSE:AGI 13
Slide 14: Board of Directors, Executive and Management Team
Board of Directors, Executive and Management Team Board of Directors Paul J. Murphy John A. McCluskey Elaine Ellingham David Fleck David Gower Claire M. C. Kennedy Monique Mercier J. Robert S. Prichard Kenneth Stowe Chairman Director Director Director Director Director Director Director Director Exe
Slide 15: 2022 guidance
2022 guidance 2022 Guidance 2021A Young-Davidson Island Gold Mulatos Other Total Total Gold production (000 oz) 185-200 125-135 130-145 — 440-480 457 Cost of sales (US$M) (3) — — — — $610 $534 Cost of sales (US$/oz) (3) — — — — $1,325 $1,167 Total cash costs (US$/oz) (1) $850-900 $550-600 $1,225-1,2
Slide 16: 2022 guidance: capital budget
2022 guidance: capital budget 2022 Guidance 2021A2 Sustaining Capital Growth Capital Total Total Operating Mines (US$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 $310 Development
Slide 17: 2022 - 2024 guidance: operating mines
2022 - 2024 guidance: operating mines1 2022 2023 2024 Gold Production (000 oz) Young-Davidson 185-200 185-200 185-200 Island Gold 125-135 115-125 140-155 Mulatos 130-145 160-175 135-145 Total Gold Production 440-480 460-500 460-500 Total cash costs (US$/oz) (2) $875-925 $775-875 $650-750 All-in sust
Slide 18: 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 19: 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 20: 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 21: 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 22: Scott K. Parsons, CFA
Scott K. Parsons, CFA VP, Investor Relations 416.368.9932 x 5439 sparsons@alamosgold.com TSX:AGI ǀ NYSE:AGI 22