Alamos Gold Inc. · TSX:AGI
Alamos Gold — Q3 2024 Earnings Presentation
26 slides from Alamos Gold's earnings presentation, Nov 7, 2024
Slide 1: Third Quarter 2024 Results Presentation
Magino Mill Magino Open Pit Island Gold Mill Island Gold Portal Island Gold Shaft Area Third Quarter 2024 Results Presentation November 7, 2024 1
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 2024 highlights – record operational & financial performance
Q3 2024 highlights – record operational & financial performance On track to achieve full year guidance Completed 75% of annual production On track to achieve full year cost Cash flow from operations, Free cash flow (US$M)1 guidance (000 oz) guidance (AISC1,2 US$/oz) before working capital (US$M)1 $1
Slide 4: Q3 2024 highlights & upcoming catalysts
Q3 2024 highlights & upcoming catalysts Q3 & Recent highlights ✓ July - completion of Argonaut acquisition ✓ July - Island Gold exploration update; highlighting ongoing growth ✓ September - PDA exploration update; outlining significant upside ✓ September - PDA development plan; attractive, high-retu
Slide 5: Growing, long-life Canadian production; declining cost profile
Growing, long-life Canadian production; declining cost profile 1,000 $1,275 $1,400 900 $1,204 $1,160 $1,225 $1,150 $1,200 > 900k oz 800 $1,000 annual production potential with 700 development of PDA & Lynn Lake Production (000 oz Au) $800 600 500 $600 400 $400 Declining costs 300 $200 driven by low-
Slide 6: Financial highlights
Financial highlights 2024 YoY % Q3 2024A Q3 2023A YoY % Cash flow from operations, before Q3 2024A Q3 2023A updated Change YTD YTD Change Guidance working capital (US$M)1 $518 Average realized gold price (US$/oz) $2,458 $1,932 27% $2,294 $1,935 19% - $399 Operating revenues (US$M) $361 $256 41% $971
Slide 7: Operational highlights – Young-Davidson
Operational highlights – Young-Davidson 2024 Q3 2024A Q3 2023A Production & mine-site AISC1 Q3 2024A Q3 2023A updated YTD YTD Guidance 60 $1,700 Gold production (000 oz) 44.2 45.1 128.3 135.3 180-190 50 $1,500 Total cash costs, per ounce of gold sold1 $1,033 $939 $1,080 $945 $1,000-1,050 40 $1,300 M
Slide 8: Operational highlights – Island Gold
Operational highlights – Island Gold 2024 Q3 2024A Q3 2023A Q3 2024A Q3 2023A updated Production & mine-site AISC1 YTD YTD Guidance 50 $1,500 Gold production (000 oz) 40.5 36.4 115.6 99.8 145-155 40 $1,300 Total cash costs, per ounce of gold sold1 $592 $610 $592 $636 $550-600 $1,100 30 Mine-site all
Slide 9: Operational highlights – Magino Mine
Operational highlights – Magino Mine July 12 – Sept. 30, H2 2024 updated 2024A Guidance3 Magino mill optimization well underway Gold production (000 oz) 16.8 40-50 Total cash costs, per ounce of gold sold1 $2,025 $1,450-1,550 Q3 2024: Mine-site all-in sustaining costs, per ounce of gold sold1 $3,007
Slide 10: Island Gold Phase 3+ Expansion – on track for completion H1 2026
Island Gold Phase 3+ Expansion – on track for completion H1 2026 Construction progress in Q3 Shaft sinking 59% completed ✓ Shaft sinking - advanced to a depth of 812 m by end of October ✓ Headframe bin house - foundation completed; commenced bin house erection ✓ Paste plant - detailed engineering &
Slide 11: Island Gold Phase 3+ Expansion
Island Gold Phase 3+ Expansion 5% increase in initial growth capital with synergies 62% of total Phase 3+ growth Expansion on track to be & weaker C$ offsetting inflation & scope changes capital spent & committed to date2 completed H1 2026 (in US$M) As of September 30, 2024 Island Gold Phase 3+ Init
Slide 12: Operational highlights – Mulatos District
Operational highlights – Mulatos District 2024 Production & mine-site AISC1 Q3 2024A Q3 2023A Mulatos District Q3 2024A Q3 2023A updated YTD YTD Guidance 70 $1,500 Gold production (000 oz) – Mulatos District 50.5 53.9 166.1 164.7 185-195 60 $1,300 Total cash costs (US$/oz sold)1 $937 $898 $892 $861
Slide 13: Puerto Del Aire
Puerto Del Aire Low-cost, high-return project with significant upside Attractive high return project1 Production & cost profile with upside potential 150,000 $2,250 127k oz $1,003/oz Upside potential through incorporation of higher-grade ore from Cerro Pelon Mine-site AISC (US$/oz) Gold Production (
Slide 14: Mulatos District 2024 exploration highlights
Mulatos District 2024 exploration highlights Puerto Del Aire – extending high-grade mineralization Cerro Pelon – multiple new high-grade zones defined Ongoing success expected to drive Significant exploration High-grade mineralization Initial underground further growth in Mineral upside to PDA inter
Slide 15: Island Gold 2024 exploration highlights
Island Gold 2024 exploration highlights Ongoing success driving growth in Mineral Reserves & Resources 5.2M oz added over past Ongoing exploration success Exploration drilling highlights2: Delineation drilling highlights2: seven years1 at a discovery expected to drive further 36.5 g/t Au (15.2 g/t c
Slide 16: Strong track record; strong outlook
Strong track record; strong outlook AGI - NYSE GDX GDXJ Gold (US$/oz) S&P 500 Upcoming catalysts 180% 160% Q4 2024: Burnt Timber & Linkwood Study 140% 120% Ongoing: exploration updates across 100% operations 80% 60% February 2025: year-end 2024 Mineral Reserve & Resource update 40% 20% Mid-2025: Isl
Slide 17: Appendices
Appendices
Slide 18: Board of Directors, Executive and Management Team
Board of Directors, Executive and Management Team Board of Directors Paul J. Murphy John A. McCluskey Elaine Ellingham David Fleck David Gower Tony Giardini Claire M. C. Kennedy Monique Mercier J. Robert S. Prichard Shaun Usmar Chairman Director Director Director Director Director Director Director
Slide 19: 2024 guidance
2024 guidance 2024 Guidance Young- Island Magino Mulatos Total Total Lynn Lake Davidson Gold Mine1 District Updated Previous2 Gold production (000 oz) 180 - 190 145 - 155 40 - 50 185 - 195 - 550 - 590 485 - 525 Total cash costs3 ($/oz) $1,000 - 1,050 $550 - 600 $1,450 - 1,550 $925 - 975 - $890 - 940
Slide 20: 2024 - 2026 guidance: operating mines
2024 - 2026 guidance: operating mines1 2024 2025 2026 Current Previous1 Current Previous1 Current Previous1 Gold Production (000 oz) Young-Davidson 180 - 190 180 - 195 180 - 195 180 - 195 180 - 195 180 - 195 Island Gold District2 145 - 155 145 - 160 170 - 185(1) 220 - 235(1) 275 - 300 330 - 355 Magi
Slide 21: 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 22: 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 23: 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 24: 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 25: Cautionary Note to U.S. Investors
Cautionary Note to U.S. Investors Alamos prepares its disclosure in accordance with the requirements of securities laws in effect in Canada. Unless otherwise indicated, all Mineral Resource and Mineral Reserve estimates included in this Presentation have been prepared in accordance with National Ins
Slide 26: Investor relations contacts
SCOTT K. PARSONS, CFA SVP, Corporate Development & Investor Relations 416.368.9932 x 5439 ir@alamosgold.com KHALID ELHAJ, P.ENG., CFA VP, Business Development & Investor Relations 416.368.9932 x 5427 ir@alamosgold.com