Alamos Gold Inc. · TSX:AGI
Alamos Gold — Shareholder Meeting (May 2024)
27 slides from Alamos Gold's shareholder meeting presentation, May 23, 2024
Slide 1: Annual Meeting of Shareholders
To be updated To be updated Annual Meeting of Shareholders John A. McCluskey President & Chief Executive Officer May 23, 2024
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: 2023 – year in review
2023 – year in review TSX:AGI | NYSE:AGI 3
Slide 4: ESG – Environment: Well below industry average GHG emissions
ESG – Environment: Well below industry average GHG emissions Environment Lower GHG emissions per oz gold produced 38% 0.8 0.63 tCO2e/oz Au 0.6 0.39 0.4 0.17 0.2 lower than 0 industry average Industry Average1 Alamos - 2022 Alamos - 2030 (30% Reduction Target) 30% reduction target in GHG emissions by
Slide 5: ESG – Social & Safety
ESG – Social & Safety Social Lost time injury frequency rate 56% 0.3 hours worked per 200,000 0.20 0.2 0.16 0.14 0.06 0.07 reduction in 0.1 LTIFR since 2019 0 2019 2020 2021 2022 2023 77% workforce hired locally; 99.9% in country Recent Awards: o CAMIMEX Silver Helmet Award o 2022 & 2023 – Mulatos M
Slide 6: ESG – focused on continuous improvement
ESG – focused on continuous improvement Governance Strong relative performance1 90% 38% Agency Current Rating director independent board A independence members are women Alignment of executive pay to performance & A- shareholder interests 2 55% 15% 30% B- Operational & Safety, ESG & Growth & Creatin
Slide 7: Met increased 2023 production guidance; record financial performance
Met increased 2023 production guidance; record financial performance Gold Production (koz) & AISC (US$/oz)1,2 Cash Flow from Operations $1,204 $1,160 (before changes in WC)1 (US$M) 529k oz 800 $1,091 $1,135 $1,046 $1,200 $519 $1,022 $1,010 $989 $951 700 $933 $1,000 $411 600 529 $383 505 495 $362 429
Slide 8: 2023 operational highlights
2023 operational highlights Record production; exceeded initial guidance Young-Davidson Island Gold Mulatos District $118M 131k oz $142M • record mine-site free cash flow1 • full year production in-line with guidance • mine-site free cash flow • 2 millionth ounce produced in May • Phase 3+ Expansion
Slide 9: Long-term track record of exploration success
Long-term track record of exploration success Mineral Reserves growing in size & quality 10% increase in Mineral Reserves at 9% higher grades over past five years1 12,000 1.63 1.65 1.70 1.58 11,000 1.51 2023 Mineral Reserves increased 2% at higher 1.49 1.50 grades 10,000 1.50 9,000 8,000 7,000 1.30
Slide 10: Strong long-term outlook; ongoing value creation
Strong long-term outlook; ongoing value creation TSX:AGI | NYSE:AGI 10
Slide 11: Acquisition of Argonaut Gold
Acquisition of Argonaut Gold Creation of one of Canada’s largest & lowest cost gold mines $515M of synergies1 $516M >400k oz expected to be created through integration of enterprise value of transaction ex. annual production at first quartile adjacent Magino & Island Gold mines SpinCo2; $276M equity
Slide 12: Island Gold Phase 3+ Expansion
Island Gold Phase 3+ Expansion Progressing on schedule; on track for completion in H1 2026 Island Gold shaft area Headframe interior at the collar 57% of total Phase 3+ April 2024 elevation with shaft jumbo growth capital spent & committed to date1,2 Shaft sinking commenced December 2023; depth ~185
Slide 13: Development projects
Development projects Long-life assets with significant exploration upside Puerto Del Aire (Mulatos District) Lynn Lake – 2023 Feasibility Study Highlights 33% Q2 2024 176k oz $699/oz increase in Mineral Reserves YoY Development plan average annual production over average mine-site AISC3 over initial
Slide 14: Alamos pro-forma outlook
Alamos pro-forma outlook Growing, long-life Canadian production; declining cost profile 1,000 $1,264 900 $1,204 $1,160 $1,150 $1,143 $1,070 > 900k oz 800 $1,100 $1,025 annual production potential of Alamos 700 pro forma with development of PDA & Production (000 oz Au) Lynn Lake 600 Magino Magino Mag
Slide 15: Long-term track record of creating value
Long-term track record of creating value $3.7 billion of combined value created at Young-Davidson, Island Gold & Lynn Lake since acquisition1,2 Mulatos (US$M) Young-Davidson (US$M) Island Gold + Magino (US$M) Lynn Lake (US$M) $145 Acquisition Cost Consensus NPV1 Cumulative FCF2 $381 $3,388 $544 $516
Slide 16: Growing intermediate gold producer in low-risk jurisdictions
Growing intermediate gold producer in low-risk jurisdictions Uniquely positioned AGI - NYSE GDX GDXJ Gold (US$/oz) S&P 500 120% High-quality, long-life operations 100% Low-risk jurisdictions 80% 60% Fully funded, high-return growth 40% Expanding margins & profitability 20% Strong ongoing free cash f
Slide 17: Appendices
Appendices
Slide 18: 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 Shaun Usmar Chairman Director Director Director Director Director Director Director Director Execu
Slide 19: 2024 guidance
2024 guidance 2024 Guidance4 2023A Young-Davidson Island Gold Mulatos Lynn Lake Total Total Gold production guidance (000 oz Au) 180 - 195 145 - 160 160 - 170 — 485 - 525 529 Cost of sales (US$M)1 — — — — $620 $638 Cost of sales (US$/oz)1 — — — — $1,225 $1,212 Total cash costs (US$/oz)2 $950 – 1,000
Slide 20: 2024 guidance: capital budget
2024 guidance: capital budget 2024 Guidance2 2023A Sustaining Capital Growth Capital Total Total Operating Mines (US$M) Young-Davidson $40 - 45 $20 - 25 $60 - 70 $62 Island Gold $50 - 55 $210 - 230 $260 - 285 $222 Mulatos $3 – 5 $2 - 5 $5 - 10 $19 Total – Operating Mines $93 - 105 $232 - 260 $325 -
Slide 21: 2024 - 2026 guidance: operating mines
2024 - 2026 guidance: operating mines1 2024 2025 2026 Gold Production (000 oz) Young-Davidson 180 - 195 180 - 195 180 - 195 Island Gold 145 - 160 170 - 185 220 - 235 Mulatos District 160 - 170 120 - 130 120 - 130 Total Gold Production (000 oz) 485 - 525 470 - 510 520 - 560 Total Cash Costs2 (US$/oz)
Slide 22: Total Proven & Probable Mineral Reserves
Total Proven & Probable Mineral Reserves PROVEN AND PROBABLE GOLD RESERVES (as at December 31, 2023) 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) Youn
Slide 23: Total Measured & Indicated Mineral Resources
Total Measured & Indicated Mineral Resources MEASURED AND INDICATED GOLD MINERAL RESOURCES (as at December 31, 2023) 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 24: Total Inferred Mineral Resources
Total Inferred Mineral Resources INFERRED GOLD MINERAL RESOURCES (as at December 31, 2023) Tonnes Grade Ounces (000's) (g/t Au) (000's) Young-Davidson - Surface 31 0.99 1 Young-Davidson - Underground 1,350 3.31 144 Total Young-Davidson 1,381 3.26 145 Golden Arrow 2,028 1.07 70 Island Gold 7,857 14.5
Slide 25: 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 26: Cautionary Note to U.S. Investors
Cautionary Note to U.S. Investors All Resource and Reserve estimates included in this Presentation have been prepared in accordance with Canadian National Instrument 43-101 - Standards of Disclosure for Mineral Projects (“NI 43-101”) and the Canadian Institute of Mining, Metallurgy and Petroleum (th
Slide 27: Scott K. Parsons, SVP, Investor Relations
TSX:AGI | NYSE:AGI SCOTT K. PARSONS, CFA SVP, Investor Relations 416.368.9932 x 5439 sparsons@alamosgold.com