Alamos Gold Inc. · TSX:AGI
Alamos Gold — Q3 2021 Earnings Presentation
18 slides from Alamos Gold's earnings presentation, Oct 28, 2021
Slide 1: Third Quarter 2021 Results Presentation
Third Quarter 2021 Results Presentation October 28, 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: Q3 2021 highlights
Q3 2021 highlights YoY % Q3 2021A Q3 2020A YoY % Revised 2021 Previous 2021 Q3 2021A Q3 2020A Change Gold production (000 oz) Change YTD YTD Guidance4 Guidance Gold production (000 oz) 104.7 117.1 -11% 344.7 306.4 13% 455-495 470-510 345 306 Gold sales (000 oz) 110.5 116.0 -5% 344.6 302.5 14% - 117
Slide 4: Production (000 oz Au)
Growing, long-life North American production; declining cost profile Fully funded internal growth ~750k oz annual production potential by 2025 at ~$800/oz AISC1 800 700 Lynn Lake3 10 year reserve life2 ~170k oz per year 2025+ 600 Mulatos Production (000 oz Au) 7 year reserve life2 ~150k oz per year
Slide 5: Financial highlights
Financial highlights YoY % Q3 2021A Q3 2020A YoY % 2021 Cash flow from operations, before Q3 2021A Q3 2020A changes in working capital (US$M) 1 Change YTD YTD Change Guidance Realized gold price (US$/oz) $1,792 $1,882 -5% $1,801 $1,724 4% - $319 Operating revenues (US$M) $198 $218 -9% $621 $522 19%
Slide 6: Operational highlights – Young-Davidson
Operational highlights – Young-Davidson Q3 2021A Q3 2020A Revised 2021 Previous 2021 Production & Mine-site AISC1 Q3 2021A Q3 2020A YTD YTD Guidance3 Guidance Northgate Shaft Gold production (koz) 50.0 36.4 143.1 88.2 190-205 190-205 60 shutdown $1,900 Total cash costs, per ounce of gold sold1 $810
Slide 7: Operational highlights – Island Gold
Operational highlights – Island Gold Q3 2021A Q3 2020A Revised 2021 Previous 2021 Production & Mine-site AISC1 Q3 2021A Q3 2020A YTD YTD Guidance3 Guidance Gold production (koz) 28.0 39.6 103.4 97.8 130-145 130-145 45 $1,500 Total cash costs, per ounce of gold sold1 $586 $394 $512 $438 ~$525 $430-48
Slide 8: Operational highlights – Mulatos
Operational highlights – Mulatos Q3 2021A Q3 2020A Revised 2021 Previous 2021 Production & Mine-site AISC1 Q3 2021A Q3 2020A YTD YTD Guidance3 Guidance Gold production (koz) 26.7 41.1 98.2 119.6 135-145 150-160 50 $1,500 Total cash costs, per ounce of gold sold1 $927 $746 $913 $772 ~$1,000 $840-890
Slide 9: La Yaqui Grande – low cost, high-return project
La Yaqui Grande – low cost, high-return project Pre-stripping open pit Crusher area ADR plant 123k oz Average annual production over 5 year life1 $137m Initial capital; $196m total LOM capital1 • Construction on schedule – commercial production expected Q3/22 • > 6mt waste mined in Q3/21 (mining rat
Slide 10: Alamos – value creation opportunities
Alamos – value creation opportunities Growing, diversified, Expanding margins & Conservative, low-risk Sustainable business intermediate gold profitability strategy model supporting producer growing returns over the long-term Catalysts ~55% growth potential to ~750koz by 2025 ~30% reduction in AISC1
Slide 11: Appendices
Appendices TSX:AGI ǀ NYSE:AGI 11
Slide 12: Board of Directors, Executive and Management Team
Board of Directors, Executive and Management Team Board of Directors Paul J. Murphy John A. McCluskey Elaine Ellingham David Fleck David Gower Claire M. C. Kennedy Monique Mercier J. Robert S. Prichard Kenneth Stowe Chairman Director Director Director Director Director Director Director Director Exe
Slide 13: 2021 guidance
2021 guidance Previous 2021 Revised 2021 Guidance3 2020A Guidance Young-Davidson Island Gold Mulatos Other Total Total Total Gold production (000’s oz) 190-205 130-145 135-145 — 455-495 470-510 427 Total cash costs ($ per ounce) (1) ~$850 ~$525 ~$1,000 — $790-810 $710-760 $761 All-in sustaining cost
Slide 14: 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 15: 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 16: 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 17: 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 18: Scott K. Parsons, CFA
Scott K. Parsons, CFA VP, Investor Relations 416.368.9932 x 5439 sparsons@alamosgold.com TSX:AGI ǀ NYSE:AGI 18