Alamos Gold Inc. · TSX:AGI
Alamos Gold — Q1 2021 Earnings Presentation
19 slides from Alamos Gold's earnings presentation, Apr 29, 2021
Slide 1: First Quarter 2021 Results Presentation
First Quarter 2021 Results Presentation April 29, 2021
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: Q1 2021 highlights
Q1 2021 highlights Q1 2021A Q1 2020A YoY % Change 2021 Guidance Gold production (000 oz) Gold production (000 oz) 125.8 110.8 14% 470-510 111 + 14% 126 Gold sales (000 oz) 126.5 111.9 13% - Total cash costs (US$/oz)1 $757 $759 0% $710-760 All-in sustaining costs (US$/oz)1,2 $1,030 $1,010 2% $1,025-1
Slide 4: Turkey Bilateral Investment Treaty Claim
Turkey Bilateral Investment Treaty Claim • $1B investment treaty claim will be filed against Republic of Turkey for expropriation & unfair & inequitable treatment of its Turkish gold projects1 • Construction of Kirazlı project suspended in October 2019 after government failed to grant routine renewa
Slide 5: Growing, long-life North American production; declining cost profile
Growing, long-life North American production; declining cost profile ~750k oz annual production potential by 2025 at ~$800/oz AISC1 800 Lynn Lake3 700 10 year reserve life2 ~170k oz per year 2025+ 600 Mulatos Production (000 oz Au) 500 7 year reserve life2 ~150k oz per year 2021+ 400 Island Gold 15
Slide 6: Financial highlights
Financial highlights AISC margin (US$/oz)1,3 Q1 2021A Q1 2020A YoY % Change 2021 Guidance $933 $830 Realized gold price (US$/oz) $1,798 $1,582 14% - $768 Operating revenues (US$M) $227 $177 28% - $572 $416 Cash flow from operations (US$M) $99 $57 74% - Cash flow from operations, before changes in wo
Slide 7: Operational highlights – Young-Davidson
Operational highlights – Young-Davidson Q1 2021A Q1 2020A 2021 Guidance Production & total cash costs2 Northgate Shaft Gold production (koz) 48.0 28.7 190-205 60 $1,800 shutdown Cost of sales, including amortization, per oz of gold sold1 $1,291 $1,515 $1,290 50 $1,500 Total cash costs, per ounce of
Slide 8: Operational highlights – Island Gold
Operational highlights – Island Gold Q1 2021A Q1 2020A 2021 Guidance Production & total cash costs2 Gold production (koz) 42.2 38.8 130-145 $700 Cost of sales, incl. amortization, per oz of gold sold 1 $730 $780 $785 40 $600 Total cash costs, per ounce of gold sold2 $466 $452 $430-480 30 Mine-site a
Slide 9: Operational highlights – Mulatos
Operational highlights – Mulatos Q1 2021A Q1 2020A 2021 Guidance Production & total cash costs2 Gold production (koz) 35.6 42.6 150-160 50 $1,000 $900 Cost of sales, including amortization, per ounce of gold sold 1 $1,249 $1,050 $1,145 40 $800 Total cash costs, per ounce of gold sold2 $915 $812 $840
Slide 10: La Yaqui Grande – low cost, high-return project
La Yaqui Grande – low cost, high-return project 123k oz Average annual production over 5 year life1 $137m Initial capital; $196m total LOM capital1 $578/oz Average LOM mine-site AISC1,2 • On track for commercial production Q3 2022; expected to keep Mulatos production at ~150k oz/yr at substantially
Slide 11: Alamos – value creation opportunities
Alamos – value creation opportunities Growing, diversified, Expanding margins & Conservative, low-risk Sustainable business intermediate gold profitability strategy model supporting producer growing returns over the long-term Catalysts 15% production growth in 2021 & further ~50% growth potential to
Slide 12: Appendices
Appendices TSX:AGI ǀ NYSE:AGI 12
Slide 13: 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 Ronald E. Smith Kenneth Stowe Chairman Director Director Director Director Director Director Direc
Slide 14: 2021 guidance
2021 guidance 2021 Guidance 2020A Young-Davidson Island Gold Mulatos Other Total Total Gold production (000’s oz) 190-205 130-145 150-160 — 470-510 427 Cost of Sales (in millions) (3) $255 $108 $177 — $540 $482 Cost of Sales ($ per ounce) (3) $1,290 $785 $1,145 — $1,105 $1,136 Total cash costs ($ pe
Slide 15: Proven & Probable Mineral Reserves
Proven & Probable Mineral Reserves PROVEN AND PROBABLE GOLD MINERAL RESERVES (as at December 31, 2020) 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) Yo
Slide 16: Total Measured & Indicated Mineral Resources
Total Measured & Indicated Mineral Resources MEASURED AND INDICATED GOLD MINERAL RESOURCES (as at December 31, 2020) 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 17: Total Inferred Mineral Resources
Total Inferred Mineral Resources INFERRED GOLD MINERAL RESOURCES (as at December 31, 2020) Tonnes Grade Ounces (000's) (g/t Au) (000's) Young-Davidson – Surface 31 0.99 1 Young-Davidson – Underground 2,301 2.88 213 Total Young-Davidson 2,331 2.86 214 Island Gold 6,915 14.43 3,208 Mulatos 8,122 0.92
Slide 18: Notes to Mineral Reserve and Resource estimates
Notes to Mineral Reserve and Resource estimates Qualified Persons Chris Bostwick, FAusIMM, Alamos Gold’s 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 meaning of C
Slide 19: Scott K. Parsons, CFA
Scott K. Parsons, CFA VP, Investor Relations 416.368.9932 x 5439 sparsons@alamosgold.com TSX:AGI ǀ NYSE:AGI 19