Alamos Gold Inc. · TSX:AGI
Alamos Gold — Shareholder Meeting (May 2023)
27 slides from Alamos Gold's shareholder meeting presentation, May 25, 2023
Slide 1: Annual Meeting of Shareholders
John A. McCluskey President & Chief Executive Officer Annual Meeting of Shareholders May 25, 2023
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: 2022 – year in review
2022 – year in review TSX:AGI ǀ NYSE:AGI 3
Slide 4: ESG – Environment: industry leader with below average GHG emissions
ESG – Environment: industry leader with below average GHG emissions Environment Lower GHG emissions per oz gold produced1,2 0.8 0.67 30% tCO2e/oz Au 0.6 0.41 39% 0.4 0.2 0.17 lower than 0 reduction in absolute GHG emissions by 2030 industry average Industry Average Alamos - 2021 Alamos - 2030 (30% R
Slide 5: ESG – Social & Safety
ESG – Social & Safety Social Lost time injury frequency rate 63% 0.25 0.20 78% per 200,000 hours 0.2 0.16 0.14 Reduction in LTIFR 0.15 worked of global workforce since 2019 0.1 0.06 hired from local 0.05 communities; 0 2019 2020 2021 2022 99.9% in country Recordable injury frequency rate 3.5 3.14 Aw
Slide 6: ESG – strong relative performance & positive rating trend
ESG – strong relative performance & positive rating trend Governance Current Trend Score/notes Rating 90% 38% Director Independent Board Medium risk; 76th percentile in 28.3 independence members are women precious metals subindustry2 Key issue score of 5.3; better than o Top 35% ranking in 2022 Glob
Slide 7: Achieved full year 2022 production & cost guidance
Achieved full year 2022 production & cost guidance Production Met the mid-point of annual guidance 500 480 460 FY guidance: 460k oz 440-480k oz 440 420 All-in sustaining costs1,2 Below the mid-point of annual guidance $1,250 $1,225 FY guidance: $1,190-1,240/oz $1,200 $1,204/oz $1,175 2022 1 Please r
Slide 8: Young-Davidson – another record year
Young-Davidson – another record year $101M record mine-site free cash flow1 at Young-Davidson 192k oz full year production in line with the mid-point of guidance 1 Please refer to Cautionary Notes on non-GAAP Measures and Additional GAAP Measures. TSX:AGI ǀ NYSE:AGI 8
Slide 9: Island Gold – Phase 3+ Expansion: larger, longer-life & more valuable operation
Island Gold – Phase 3+ Expansion: larger, longer-life & more valuable operation Phase 3+ Expansion production & cost profile 1 400,000 $1,000 115% production growth to 287k oz/yr in 20261 350,000 300,000 $800 $576/oz Mine-site AISC (US$/oz) Gold Production (oz) 250,000 Average mine-site AISC1,2,3 ,
Slide 10: La Yaqui Grande – initial production achieved ahead of schedule
La Yaqui Grande – initial production achieved ahead of schedule June 2022 68k oz $598/oz 11k tpd produced following start of operation mine-site AISC1,2 stacking rate in Q4; exceeded design in June 2022 capacity of 10k tpd Open pit Leach pad 1 Please refer to Cautionary Notes on non-GAAP Measures an
Slide 11: Strong long-term outlook
Strong long-term outlook TSX:AGI ǀ NYSE:AGI 11
Slide 12: Q1 2023 highlights – strong start; on track to achieve full year guidance
Q1 2023 highlights – strong start; on track to achieve full year guidance • Production exceeded quarterly guidance; 30% increase YoY • Costs consistent with annual guidance, AISC 1,2 14% lower YoY • Record quarterly revenue of $252M • Cash flow from operations (pre WC) 1 $127M; increased for 4th con
Slide 13: Phase 3+ Expansion – progressing on schedule
Phase 3+ Expansion – progressing on schedule Shaft site area - hoist house building steel & Winch pad area - March 2023 external cladding completed - April 2023 Hoist house interior - April 2023 Galloway for shaft sink arriving on site - April 2023 TSX:AGI ǀ NYSE:AGI 13
Slide 14: Advancing low-cost growth initiatives
Advancing low-cost growth initiatives Puerto Del Aire (PDA) Lynn Lake Project growing, higher-grade underground deposit low cost, high-grade, open pit 71% Q4 2023 EIS approved Mid-year increase in total Mineral Reserves development plan Significant permitting milestone updated feasibility study & Re
Slide 15: Growing, long-life North American production; declining cost profile
Growing, long-life North American production; declining cost profile 800 $1,204 $1,150 Lynn Lake4 700 $1,025 $1,000 13 year reserve life3 Production (000 oz Au) 600 500 Island Gold 17 year mine life3 400 300 Mulatos (excluding PDA) 5 year reserve life3,5 200 100 Young-Davidson 15 year reserve life3
Slide 16: Uniquely positioned – growing intermediate gold producer in low-risk jurisdictions
Uniquely positioned – growing intermediate gold producer in low-risk jurisdictions 80% ✓ High-quality, long-life operations AGI - NYSE GDX 60% GDXJ Gold (US$/oz) ✓ Low-risk jurisdictions 40% ✓ Fully funded, high-return growth 20% ✓ Expanding margins & profitability 0% ✓ Strong ongoing free cash flow
Slide 17: Appendices
Appendices TSX:AGI ǀ NYSE:AGI 17
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 Claire M. C. Kennedy Monique Mercier J. Robert S. Prichard Shaun Usmar Chairman Director Director Director Director Director Director Director Director Execu
Slide 19: 2023 guidance
2023 guidance 2023 Guidance 2022A Young-Davidson Island Gold Mulatos Lynn Lake Total Total Gold production (000 oz) 185 - 200 120 - 135 175 - 185 — 480 - 520 460 Cost of sales (US$M)3 — — — — $625 $609 Cost of sales (US$/oz)3 — — — — $1,250 $1,334 Total cash costs (US$/oz)1 $900 - 950 $600 - 650 $90
Slide 20: 2023 guidance: capital budget
2023 guidance: capital budget 2023 Guidance 2022A Sustaining Capital Growth Capital Total Total Operating Mines (US$M) Young-Davidson $50 - 55 $5 - 10 $55 - 65 $67 Island Gold $45 - 50 $165 - 185 $210 - 235 $139 Mulatos $10 $5 - 10 $15 - 20 $60 Total – Operating Mines $105 - 115 $175 - 205 $280 - 32
Slide 21: 2023 - 2025 guidance: operating mines
2023 - 2025 guidance: operating mines1 2023 2024 2025 Current Previous Current Previous Current Gold Production (000 oz) Young-Davidson 185 - 200 185 - 200 185 - 200 185 - 200 185 - 200 Island Gold 120 - 135 115 - 125 145 - 160 140 - 155 175 - 190 Mulatos District 175 - 185 160 - 175 140 - 150 135 -
Slide 22: Total Proven & Probable Mineral Reserves
Total Proven & Probable Mineral Reserves PROVEN AND PROBABLE GOLD MINERAL RESERVES (as at December 31, 2022) 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 23: Total Measured & Indicated Mineral Resources
Total Measured & Indicated Mineral Resources MEASURED AND INDICATED GOLD MINERAL RESOURCES (as at December 31, 2022) 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 24: Total Inferred Mineral Resources
Total Inferred Mineral Resources INFERRED GOLD MINERAL RESOURCES (as at December 31, 2022) Tonnes Grade Ounces (000's) (g/t Au) (000's) Young-Davidson - Surface 31 0.99 1 Young-Davidson - Underground 1,586 2.89 147 Total Young-Davidson 1,617 2.85 148 Golden Arrow 2,028 1.07 70 Island Gold 8,066 13.6
Slide 25: 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 news release. Chris Bostwick is a Qualified Person within the meani
Slide 26: Cautionary Note to U.S. Investors
Cautionary Note to U.S. Investors All resource and reserve estimates included in this Presentation have been prepared in accordance with Canadian National Instrument 43-101 -Standards of Disclosure for Mineral Projects (“NI 43-101”) and the Canadian Institute of Mining, Metallurgy and Petroleum (the
Slide 27: Scott K. Parsons, CFA
Scott K. Parsons, CFA SVP, Investor Relations 416.368.9932 x 5439 sparsons@alamosgold.com