Alamos Gold Inc. · TSX:AGI
Alamos Gold — Q1 2020 Earnings Presentation
21 slides from Alamos Gold's earnings presentation, Apr 30, 2020
Slide 1: First Quarter 2020 Results Presentation
First Quarter 2020 Results Presentation April 30, 2020
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 2020 Highlights
Q1 2020 Highlights Previous 2020 Q1 2020A Q1 2019A QoQ % Change Guidance5 Gold production (000 oz) Gold production (000 oz) 110.8 125.3 (12%) 425-465 125.3 -12% 110.8 Gold sales (000 oz) 111.9 119.7 (7%) - Total cash costs (US$/oz)1,4 $759 $732 4% $757-797 All-in sustaining costs ($US/oz)1,2,4 $1,01
Slide 4: COVID-19 Update & Outlook
COVID-19 Update & Outlook • Our primary focus remains the health and safety of our people and the communities in which we operate • No confirmed cases of COVID-19 across Alamos operations or offices • We continue to be diligent in taking precautions to help prevent the potential spread of COVID-19 i
Slide 5: Strong H2 2020 Outlook Intact with Several Transformational Catalysts
Strong H2 2020 Outlook Intact with Several Transformational Catalysts Island Gold & Mulatos well positioned for a safe restart of operations Balance sheet solid with $215m cash & $615m total liquidity1 Island Gold Phase III expansion study expected mid-2020 Young-Davidson lower mine expansion schedu
Slide 6: Financial Highlights
Financial Highlights Q1 2020A Q1 2019A QoQ % Change AISC margin (US$/oz)1,3 Realized gold price (US$/oz) $1,582 $1,304 21% $572 Operating revenues (US$M) $177 $156 13% $498 $491 $383 Cash flow from operations (US$M) $57 $42 36% $347 Cash flow from operations, before changes in working capital and ca
Slide 7: Operational Highlights – Young-Davidson
Operational Highlights – Young-Davidson Previous 2020 Q1 2020A Q1 2019A Production & total cash costs2 Guidance4 Gold production (koz) 28.7 45.0 145-160 60 $1,200 Cost of sales, including amortization, per ounce of gold sold1 $1,515 $1,293 $1,360 50 $1,000 Total cash costs, per ounce of gold sold2 $
Slide 8: Young-Davidson COVID-19 Measures
Young-Davidson COVID-19 Measures Heightened health & safety measures: • Some labour constraints due to site restrictions: o 14 day quarantines for employees who had traveled out of country o Medical screens for elevated temperatures and/or potential exposure incidents • Practicing social distancing
Slide 9: Young-Davidson lower mine expansion – in the final stages
Young-Davidson lower mine expansion – in the final stages 8990 Crusher Several critical path items recently completed • Main ramp to the lower mine infrastructure completed • 8940 level loading pocket, including the conveyor and ore/waste bins completed ready for commissioning • 8930 level ore and w
Slide 10: Young-Davidson lower mine expansion – completion July 2020
Young-Davidson lower mine expansion – completion July 2020 Lower mine conveyor Items to be completed in Q2 2020 • 9025 rockbreaker station and coarse ore bins • Permanent installation and changeover of new ropes and installation of new skips • 8930 load-out, including conveyor drive Completion of lo
Slide 11: Operational Highlights – Island Gold
Operational Highlights – Island Gold Previous 2020 Q1 2020A Q1 2019A Guidance5 Production & total cash costs2,5 Gold production (koz) 38.8 35.6 130-145 40 $700 Cost of sales, including amortization, per ounce of gold sold1 $780 $852 $840 Total cash costs, per ounce of gold sold2,4 $452 $497 $480-520
Slide 12: Operational Highlights – Mulatos
Operational Highlights – Mulatos Previous 2020 Production & total cash costs2 Q1 2020A Q1 2019A Guidance4 Gold production (koz) 42.6 38.9 150-160 50 $1,000 Cost of sales, including amortization, per ounce of gold sold1 $1,050 $937 $1,085 $900 40 $800 Total cash costs, per ounce of gold sold2 $812 $7
Slide 13: Strong platform for delivering long-term value
Strong platform for delivering long-term value Diversified, long-life gold Expanding margins & Strong balance sheet to Long-term track record production profitability support growth of creating value for all stakeholders 2020 – transformational year 1 1.59 1.56 Consensus P/NAV 1.44 ✓ Island Gold – 0
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 Ronald E. Smith Kenneth Stowe Chairman Director Director Director Director Director Director Direc
Slide 16: Previous 2020 guidance – withdrawn following COVID-19 temporary suspensions
Previous 2020 guidance – withdrawn following COVID-19 temporary suspensions Previous 2020 Guidance5 2019A Young-Davidson Mulatos Island Gold4 Other Total4 Total Gold production (000’s oz) 145-160 150-160 130-145 — 425-465 495 Cost of Sales (in millions) (3) $207 $168 $116 — $491 $521 Cost of Sales (
Slide 17: Proven & Probable Mineral Reserves
Proven & Probable Mineral Reserves PROVEN AND PROBABLE GOLD MINERAL RESERVES (as at December 31, 2019) 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 18: Total Measured & Indicated Mineral Resources
Total Measured & Indicated Mineral Resources MEASURED AND INDICATED GOLD MINERAL RESOURCES (as at December 31, 2019) 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 19: Total Inferred Mineral Resources
Total Inferred Mineral Resources INFERRED GOLD MINERAL RESOURCES (as at December 31, 2019) Tonnes Grade Ounces (000's) (g/t Au) (000's) Young-Davidson – Surface 31 0.99 1 Young-Davidson – Underground 1,329 2.43 104 Total Young-Davidson 1,360 2.40 105 Island Gold 5,392 13.26 2,298 Mulatos 8,122 0.92
Slide 20: 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 21: Scott K. Parsons, CFA
Scott K. Parsons, CFA VP, Investor Relations 416.368.9932 x 5439 sparsons@alamosgold.com TSX:AGI ǀ NYSE:AGI 21