Alamos Gold Inc. · TSX:AGI
Alamos Gold — Q2 2022 Earnings Presentation
23 slides from Alamos Gold's earnings presentation, Jul 28, 2022
Slide 1: Second Quarter 2022 Results Presentation
Second Quarter 2022 Results Presentation July 28, 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: Q2 2022 highlights
Q2 2022 highlights YoY % Q2 2022A Q2 2021A YoY % Q2 2022A Q2 2021A Change YTD YTD Change 2022 Guidance Gold production (000 oz) 114 Gold production (000 oz) 103.9 114.2 (9%) 202.8 240.0 (16%) 440-480 104 Gold sales (000 oz) 102.2 107.6 (5%) 200.6 234.1 (14%) - Total cash costs (US$/oz)1 $895 $791 13
Slide 4: Island Gold – Phase 3+ Expansion to 2,400 tpd
Island Gold – Phase 3+ Expansion to 2,400 tpd Phase 3+ Expansion production & cost profile 1 400,000 $1,000 350,000 300,000 $800 Mine-site AISC (US$/oz) Gold Production (oz) 250,000 200,000 $600 150,000 100,000 $400 50,000 2 - $200 2021A 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 20
Slide 5: Island Gold - largest, most valuable operation in Canada not held by a major
Island Gold - largest, most valuable operation in Canada not held by a major Annual production - 7th largest Lowest cost Profitability - top 5 2021A Production3 2021A AISC1,3 Annual Profitability Operation Owner Operation Operation (US$M) (AISC Margin2 x (000 oz) (US$/oz) annual production) Agnico E
Slide 6: 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 $1,000 13 year reserve life2 Production (000 oz Au) 600 500 Island Gold 18 year mine life2 400 300 Mulatos 6 year reserve life2,4 200 100 Young-Davidson 15 year reserve life2 0 2022E 2023E 2024E 202
Slide 7: Financial highlights
Financial highlights YoY % Q2 2022A Q2 2021A YoY % Cash flow from operations, before Q2 2022A Q2 2021A 2022 Guidance changes in working capital (US$M) 1 Change YTD YTD Change Realized gold price (US$/oz) $97 $1,871 $1,814 3% $1,873 $1,805 4% - $85 Operating revenues (US$M) $191 $195 (2%) $376 $423 (
Slide 8: Operational highlights – Young-Davidson
Operational highlights – Young-Davidson Q2 2022A Q2 2021A Production & mine-site AISC1 Q2 2022A Q2 2021A 2022 Guidance YTD YTD Northgate Shaft Gold production (000 oz) 46.4 45.1 98.3 93.1 185-200 shutdown 60 $1,900 Total cash costs (US$/oz sold)1 $866 $941 $852 $906 $850-900 50 $1,700 $1,500 40 Mine
Slide 9: Operational highlights – Island Gold
Operational highlights – Island Gold Q2 2022A Q2 2021A Production & mine-site AISC1 Q2 2022A Q2 2021A 2022 Guidance YTD YTD Gold production (000 oz) 45 $1,500 37.3 33.2 61.8 75.4 125-135 40 $1,300 Total cash costs (US$/oz sold)1 $590 $502 $650 $483 $550-600 35 30 $1,100 Mine-site all-in sustaining c
Slide 10: Island Gold – Phase 3+ Shaft Expansion to 2,400 tpd
Island Gold – Phase 3+ Shaft Expansion to 2,400 tpd Shaft site clearing and preparation work underway Shaft site Milestones ✓ Closure Plan Amendment approved - March 2022 Project Schedule o Completion of shaft site clearing & preparation - Q3 2022 >30% ✓ Groundbreaking ceremony - April 2022 o Start
Slide 11: Operational highlights – Mulatos District
Operational highlights – Mulatos District Q2 2022A Q2 2021A Mulatos District Q2 2022A Q2 2021A YTD YTD 2022 Guidance H1 2022 H2 2022 Production & mine-site AISC1 Gold production (000 oz) – Mulatos 45 $2,000 20.2 35.9 42.7 72 130-145 45-50 85-95 40 District 35 $1,600 Total cash costs (US$/oz sold)1 $
Slide 12: La Yaqui Grande – initial low-cost production achieved June 2022
La Yaqui Grande – initial low-cost production achieved June 2022 5k oz Produced in June; construction completed ahead of schedule Open pit Processing circuit – carbon columns $451/oz Q2/22 total cash costs 1 ~30% Expected reduction in Mulatos District costs in H2 20222 Crushing circuit & heap leach
Slide 13: Alamos – value creation opportunities
Alamos – value creation opportunities Growing, diversified, Expanding margins & Conservative, low- Sustainable business intermediate gold profitability risk strategy model supporting producer growing returns over the long-term Catalysts ✓ 4% increase in YE 2021 Mineral Reserves1 at 5% higher grades
Slide 14: Appendices
Appendices TSX:AGI ǀ NYSE:AGI 14
Slide 15: Board of Directors, Executive and Management Team
Board of Directors, Executive and Management Team Board of Directors Paul J. Murphy John A. McCluskey Elaine Ellingham David Fleck David Gower Claire M. C. Kennedy Monique Mercier J. Robert S. Prichard Kenneth Stowe Chairman Director Director Director Director Director Director Director Director Exe
Slide 16: 2022 guidance
2022 guidance 2022 Guidance 2021A Young-Davidson Island Gold Mulatos Other Total Total Gold production (000 oz) 185-200 125-135 130-145 — 440-480 457 Cost of sales (US$M) (3) — — — — $610 $534 Cost of sales (US$/oz) (3) — — — — $1,325 $1,167 Total cash costs (US$/oz) (1) $850-900 $550-600 $1,225-1,2
Slide 17: 2022 guidance: capital budget
2022 guidance: capital budget 2022 Guidance 2021A2 Sustaining Capital Growth Capital Total Total Operating Mines (US$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 $310 Development
Slide 18: 2022 - 2024 guidance: operating mines
2022 - 2024 guidance: operating mines1 2022 2023 2024 Gold Production (000 oz) Young-Davidson 185-200 185-200 185-200 Island Gold 125-135 115-125 140-155 Mulatos 130-145 160-175 135-145 Total Gold Production 440-480 460-500 460-500 Total cash costs (US$/oz) (2) $875-925 $775-875 $650-750 All-in sust
Slide 19: 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 20: 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 21: 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 22: 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 23: Scott K. Parsons, CFA
Scott K. Parsons, CFA VP, Investor Relations 416.368.9932 x 5439 sparsons@alamosgold.com TSX:AGI ǀ NYSE:AGI 23