Alamos Gold Inc. · TSX:AGI
Alamos Gold — Investor Presentation (November 2011)
34 slides from Alamos Gold's investor presentation, November 2011
Slide 1: November 2011 Corporate Presentation
TSX: AGI November 2011 Corporate Presentation
Slide 2: Forward Looking Statements
Forward Looking Statements No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This presentation includes certain “forward-looking statements”. All statements other than statements of historical fact, included in this p
Slide 3: Who is Alamos Gold?
Who is Alamos Gold? • Low-cost, mid-tier gold producer • Owns and operates the Mulatos Mine in Sonora State, Mexico: • One of the lowest cost heap-leach gold mines in the sector • 50% production growth slated for 2012 • Exploration success driving organic growth • Two gold development projects in Tu
Slide 4: Financial Position & Capital Structure
Financial Position & Capital St Structure Strong, Clean Balance Sheet Cash & Equivalents1 > US$210 million Working Capital1 > US$250 million Debt None Gold Hedging None Semi-Annual Dividend US$0.07 / share Shares Outstanding1 118.3 million Employee Options1 6.6 million Fully Diluted 124.9 million Re
Slide 5: Alamos Outperforms
Alamos Outperforms St 400 Reserves & Resources Production 8 2P Reserves Measured & Indicated Production (Koz Au) 300 2.39 Inferred Au oz (millions) 6 2.39 200 4 2.05 1.69 4.71 3.15 100 2 1.66 3.02 1.93 1.52 1.04 0.97 0.45 0 0 2004 2007 2008 2009 2010 2006 2007 2008 2009 2010 2011E 2012E 2013E 2014E
Slide 6: Lowest Quartile Cash Cost: Q3/11 Peer Comparison
Lowest Quartile Cash Cost Q3/11 Peer Comparison $1,000 $939 $886 $884 $900 $800 $769 Q3-2011 Total Cash Costs (US$/oz) $733 $697 $700 $634 $620 $600 $563 $556 $549 $528 $487 $500 $468 $463 $459 $453 $400 $300 $258 $222 $200 $100 $0 OSK JAG LSG SGR SMF IAG KGC BTO AEM CG MFL NGD AUQ YRI ELD AGI ABX G
Slide 7: Mulatos Mine Project Overview
Mulatos Mine Project Overview • Open-pit, heap leach operation (100% ownership) • ~9 year reserve life at the end of 2010 • 2011 production forecast of 145,000 to 160,000 Au ounces • YTD ending Oct 31-11: 121,500 oz produced (Oct-11: 15,000 oz) • Mulatos Mill for High-Grade Ore: • Construction under
Slide 8: North and South Mulatos Heap
North Mulatos Heap South Mulatos Heap 8
Slide 9: Existing Mining Operations, Escondida Portal
Existing Mining Operations Escondida Portal 9
Slide 10: Escondida Pre-Strip > 80% Complete
Escondida Pre-Strip > 80% Complete 10
Slide 11: Escondida Coarse Native Gold Nugget Effect
Escondida Coarse Native Gold Nugget Effect 11
Slide 12: Mulatos: Gravity Mill Construction
Mulatos: Gravity Mill Construction 12
Slide 13: Mulatos: Mill to Process High-Grade Ore
Mulatos: Mill to Process High- Grade Ore Project Economics at 500 tpd • 500 tonnes per day operation (upgradeable to 1,000 tpd) • Gravity recovery: >90% • Gravity plus leach recovery: >95% (based upon lab studies) • Initial Capital Cost1: Approximately $20 million • Production planned for Q1-2012 Ef
Slide 14: Mulatos: Project Pipeline
Mulatos: Project Pipeline Advancing Exploration & Development Projects Detection Discovery Definition Design Development Ostimuri San Nicolas GRASS ROOTS La Palma Las Carboneras EXPLORATION Naranjo Halcon West El Jaspe MINERALIZED Los Bajios INTERCEPTS East Estrella El Carricito STEP-OUT DRILLING OF
Slide 15: DigitalGlobe
011 DigitalGlobe s/Spot image i 2011 Geokyel oF lk , a is ti eats) 7 ‘ 28°38'27.69" N'108°48'06.85" W elev 5154 ft
Slide 16: Recent Exploration Activity – Greater Mulatos Pit Area
Recent Exploration Activity – Greater Mulatos Pit Area (View to South) Carricito Cerro Pelon Las Carboneras East Estrella Estrella PdA El Salto / Mina Vieja PdA Extension Escondida Gap LEGEND El Victor Mineralized trends +1 opt intercepts San Carlos 16 September 30, 2009
Slide 17: Mulatos: San Carlos
Mulatos: San Carlos Sources of Reserve and Resource Growth • Potential to double high-grade mill feed for gravity mill • “In-pit” mineral reserves: 398,000 tonnes @ 6.69 g/t Au; Optimizing for underground mining • High-grade drill results: • 19.1 g/t Au over 13.7 m (11SC128) • 25.9 g/t Au over 18.4
Slide 18: Mulatos: San Carlos Mineralization Open to Northeast
Mulatos: San Carlos Mineralization Open to Northeast High-grade Structural-hosted Au Mafic Dykes High-grade Stratigraphic-hosted Au 18
Slide 19: Mulatos: San Carlos Southern Extensions
Mulatos: San Carlos Southern Extensions to San Carlos Dyke Swarm Identified San Carlos Dyke Swarm PdA Extension Dyke Swarms Naranjo Dyke Swarm 19
Slide 20: Mulatos: El Victor North
Mulatos: El Victor North Sources of Reserve and Resource Growth • Potential to expand reserves along and across trend • Silica alteration identical to El Victor deposit • Believed to be untested northern extension of El Victor reserves. • Extends the El Victor pit north and west of the present pit l
Slide 21: Mulatos: El Victor
Mulatos: El Victor 21
Slide 22: Turkey: Ağı Dağı & Kirazlı
age > 4 fh Ay Fs BPS Rogk Piles Akbabay . . Catalkaya” ¥ _ Kartaldag : r gaials. eet " TWTower + iy _) Pirentepe 7 Karncalt%s, eg ea gt? wa ‘ < . 4 Tavsan | ; ap 7 AGI Dagt Lae «, ete ss “Bab: amyurt J ae M ~—* Eveiler 22
Slide 23: Ağı Dağı & Kirazlı Project Timeline
Ağı Dağı & Kirazlı Project Timeline Q2-12: Jan-10: Acquired Prefeasibility projects for Mar-11: study report US$90 million1 1.65 million oz Au2 Q3-12: Permitting & mineral resource update construction decision 2014: Production 18 months following EIA approval 2010 2011 2012 2013 2014 Mar-10: Scoping
Slide 24: Ağı Dağı & Kirazlı 2010 Scoping Study Highlights
Ağı Dağı & Kirazlı 2010 Scoping Study Highlights • Total gold production: 1.14 million oxide ounces recovered • Average annual production of 135,000 ounces over the first 8 years • Average cash operating cost1 of $314 per ounce • Low waste-to-ore ratio of 1.24:1 • Capex: $235 million After-Tax NPV2(
Slide 25: Ağı Dağı & Kirazlı: Infrastructure
Ağı Dağı & Kirazlı: Sea Port, Powerlines, Paved Infrastructure Roads, & Power Kirazlı Hill 25
Slide 26: Ağı Dağı & Kirazlı: Projects
Ağı Dağı & Kirazlı: Projects Aggressive Exploration to Drive Organic Growth Detection Discovery Definition Design Development Kale GRASS ROOTS Rock Pile EXPLORATION Iri Catalkaya MINERALIZED Polimetal INTERCEPTS STEP-OUT DRILLING OF Kirazlı Tavsan MULTIPLE Feeder Ihlamur INTERCEPTS Zone RESOURCE Çam
Slide 27: Ağı Dağı & Kirazlı: Çamyurt
Ağı Dağı & Kirazlı: Çamyurt Potential to Develop into a Stand-alone Project • 1,100 m of mineralization strike defined • Remains open to the NE and at depth • Drilling highlights: 11-CYD-12A 131.1 m at 0.91 g/t Au 11-CYD-14 185.7 m at 1.60 g/t Au 11-CYD-15 36.4 m at 1.50 g/t Au 11-CYD-15A 37.4 m at
Slide 28: Ağı Dağı - Target Areas
Ağı Dağı - Target Areas , Ağı Dağı Exploration Targets 28
Slide 29: Kirazlı Exploration Targets
29 Kirazlı Exploration Targets 29
Slide 30: Corporate Strategy
Corporate Strategy Focused on Sensible & Sustainable Growth • Increase Production • Processing high-grade ore at Mulatos in 2012 • Advancing Ağı Dağı & Kirazlı towards production for 2014 • Increase Gold Reserves • Rapidly advance satellite projects up the development pipeline • Growth Through Acqui
Slide 31: 2010 Mulatos Mineral Reserves
2010 Mulatos Mineral Reserves PROVEN AND PROBABLE RESERVES(1) Proven(2) Probable(2) Proven + Probable(2) Reserve Tonnes Grade Contained Tonnes Grade Contained Tonnes Grade Contained Area (000s) (g/t Au) Ounces Au (000s) (g/t Au) Ounces Au (000s) (g/t Au) Ounces Au (3),(4),(5) Mulatos Mine 8,074 1.72
Slide 32: 2010 Mulatos Mineral Resources
2010 Mulatos Mineral MEASURED, INDICATED, AND Resources INFERRED MINERAL RESOURCES Measured(1),(2),(3) Indicated(1),(2),(3) Measured + Indicated(1),(2),(3) Inferred Resources(1),(3) Cut-off Grade Tonnes Grade Contained Tonnes Grade Contained Tonnes Grade Contained Tonnes Grade Contained (g/t Au) (00
Slide 33: 2010 Ağı Dağı & Kirazlı Mineral Resources
2010 Ağı Dağı & Kirazlı Mineral MEASURED AND INDICATED AND Resources(1) INFERRED MINERAL RESOURCES Measured and Indicated Mineral Resources (2) Inferred Resources(3) Resource Area Tonnes Grade Grade Contained Contained Tonnes Grade Grade Contained Contained (000s) (g/t Au)(3) (g/t Ag) Ounces Au Ounc
Slide 34: Allan Candelario, CFA – Investor Relations
Allan Candelario, CFA Investor Relations 416.368.9932 × 406 acandelario@alamosgold.com www.alamosgold.com