Alamos Gold Inc. · TSX:AGI
Alamos Gold — Q1 2022 Earnings Presentation
22 slides from Alamos Gold's earnings presentation, Apr 28, 2022
Slide 1: First Quarter 2022 Results Presentation
First Quarter 2022 Results Presentation April 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: Q1 2022 highlights
Q1 2022 highlights Q1 2022A Q1 2021A YoY % Change 2022 Guidance Gold production (000 oz) Gold production (000 oz) 98.9 125.8 -21% 440-480 126 99 Gold sales (000 oz) 98.5 126.5 -22% - Total cash costs (US$/oz)1 $992 $757 31% $875-925 All-in sustaining costs (US$/oz)1,2 $1,360 $1,030 32% $1,190-1,240
Slide 4: 2022 Catalysts
2022 Catalysts ✓ February 2022 o Mid-2022 o Q3 2022 o H2 2022 Mineral Reserves Island Gold La Yaqui Grande Lynn Lake 4% increase to 10.3M oz; updated Phase III expansion initial production EIS approval & 5% higher grades1 mine plan construction decision Groundbreaking for Island Gold Phase III Expan
Slide 5: Production (000 oz Au)
Growing, long-life North American production; declining cost profile ~750k oz annual production potential by 2025 at ~$800/oz AISC1 Mulatos $1,215 PDA development Additional $1,135 $1,125 upside Island Gold $1,000 ~750 Updated mine plan potential $800 Lynn Lake3 13 year reserve life2 Production (000
Slide 6: Financial highlights
Financial highlights Cash flow from operations, before Q1 2022A Q1 2021A YoY % Change 2022 Guidance changes in working capital (US$M) 1 $120 Realized gold price (US$/oz) $1,874 $1,798 4% - Operating revenues (US$M) $185 $227 -19% - $71 Cash flow from operations (US$M) $47 $99 -53% - Cash flow from o
Slide 7: Operational highlights – Young-Davidson
Operational highlights – Young-Davidson Q1 2022A Q1 2021A 2022 Guidance Production & mine-site AISC1 Northgate Shaft Gold production (koz) 51.9 48.0 185-200 shutdown 60 $1,900 Total cash costs, per ounce of gold sold1 $840 $873 $850-900 50 $1,700 $1,500 Mine-site all-in sustaining costs, per ounce o
Slide 8: Operational highlights – Island Gold
Operational highlights – Island Gold Q1 2022A Q1 2021A 2022 Guidance Production & mine-site AISC1 Gold production (koz) 24.5 42.2 125-135 45 $1,500 40 Total cash costs, per ounce of gold sold1 $745 $466 $550-600 $1,300 35 Mine-site all-in sustaining costs, per oz of gold sold1 $1,083 $732 $850-900 3
Slide 9: Island Gold – Phase III Shaft Expansion to 2,000 tpd
Island Gold – Phase III Shaft Expansion to 2,000 tpd Strong production growth at industry low costs 80% $534/oz production growth to mine-site AISC1,2 , 40% 236koz/yr in 20251 reduction from 2022 Shaft site clearing and preparation work underway ✓ Closure Plan Amendment approved – March 2022 Signifi
Slide 10: Operational highlights – Mulatos
Operational highlights – Mulatos Production & mine-site AISC1 Q1 2022A Q2 2021A 2022 Guidance H1 2022 H2 2022 Gold production (koz) 130-145 45-50 85-95 45 $2,000 22.5 35.6 40 35 $1,600 Total cash costs, per ounce of gold sold1 $1,570 $915 $1,225-1,275 ~$1,500 ~$1,125 30 $1,200 25 Mine-site all-in su
Slide 11: La Yaqui Grande – on schedule to achieve initial production Q3 2022
La Yaqui Grande – on schedule to achieve initial production Q3 2022 Construction on schedule – 90% complete ✓ 67k tpd mined in Q1 (5.9 mt waste & 0.2 mt ore) ✓ Primary crusher commissioned in Q1/22 ✓ Secondary & tertiary commissioning in Q2/22 ✓ Agglomeration system complete Primary crusher – commis
Slide 12: Alamos Gold – value creation opportunities
Alamos Gold – value creation opportunities Growing, diversified, Expanding margins & Conservative, low-risk Sustainable business intermediate gold profitability strategy model supporting producer growing returns over the long-term Catalysts 1.71 3 ✓ 4% increase in Mineral Reserves1 at 5% higher grad
Slide 13: Appendices
Appendices TSX:AGI ǀ NYSE:AGI 13
Slide 14: Board of Directors, Executive and Management Team
Board of Directors, Executive and Management Team Board of Directors Paul J. Murphy John A. McCluskey Elaine Ellingham David Fleck David Gower Claire M. C. Kennedy Monique Mercier J. Robert S. Prichard Kenneth Stowe Chairman Director Director Director Director Director Director Director Director Exe
Slide 15: 2022 guidance
2022 guidance 2022 Guidance 2021A Young-Davidson Island Gold Mulatos Other Total Total Gold production (000 oz) 185-200 125-135 130-145 — 440-480 457 Cost of sales (US$M) (3) — — — — $610 $534 Cost of sales (US$/oz) (3) — — — — $1,325 $1,167 Total cash costs (US$/oz) (1) $850-900 $550-600 $1,225-1,2
Slide 16: 2022 guidance: capital budget
2022 guidance: capital budget 2022 Guidance 2021A2 Sustaining Capital Growth Capital Total Total Operating Mines (US$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 $310 Development
Slide 17: 2022 - 2024 guidance: operating mines
2022 - 2024 guidance1: operating mines 2022 2023 2024 Gold Production (000 oz) Young-Davidson 185-200 185-200 185-200 Island Gold 125-135 115-125 140-155 Mulatos 130-145 160-175 135-145 Total Gold Production 440-480 460-500 460-500 Total cash costs (US$/oz) (2) $875-925 $775-875 $650-750 All-in sust
Slide 18: 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 19: 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 20: 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 21: 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 22: Scott K. Parsons, CFA
Scott K. Parsons, CFA VP, Investor Relations 416.368.9932 x 5439 sparsons@alamosgold.com TSX:AGI ǀ NYSE:AGI 22