Slide 1: Second Quarter 2023 Results Presentation
Second Quarter 2023 Results Presentation July 27, 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: Q2 2023 highlights – record quarter on multiple fronts
Q2 2023 highlights – record quarter on multiple fronts YoY % Q2 2023A Q2 2022A YoY % Q2 2023A Q2 2022A 2023 Guidance • Record production; exceeded quarterly Change YTD YTD Change guidance, 31% increase YoY; 6% increase QoQ Gold production (000 oz) 136.0 103.9 31% 264.4 202.8 30% 480-520 • AISC1,2 be
Slide 4: Q2 2023 highlights & upcoming catalysts
Q2 2023 highlights & upcoming catalysts Q2 2023 highlights ✓ Mulatos exploration update – extended high grade mineralization beyond Mineral Reserves and Resources1 at Puerto Del Aire – May ✓ Completed Manitou Gold acquisition, tripling land package & adding significant exploration potential across M
Slide 5: 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 $1,000 13 year reserve life3 Production (000 oz Au) 600 500 Island Gold 17 year mine life3 400 300 Mulatos (excluding PDA) 5 year reserve life3,5 200 100 Young-Davidson 15 year reserve life3
Slide 6: Financial highlights
Financial highlights YoY % Q2 2023A Q2 2022A YoY % Cash flow from operations, before Q2 2023A Q2 2022A 2023 Guidance Change YTD YTD Change changes in working capital (US$M)1 $138 Realized gold price (US$/oz) $1,978 $1,871 6% $1,937 $1,873 3% - $127 $109 Operating revenues (US$M) $261 $191 37% $513 $
Slide 7: Operational highlights – Young-Davidson
Operational highlights – Young-Davidson Q2 2023A Q2 2022A 2023 Production & mine-site AISC1 Q2 2023A Q2 2022A YTD YTD Guidance Gold production (000 oz) 45.2 46.4 90.2 98.3 185-200 60 $1,700 Total cash costs (US$/oz sold)1 $955 $866 $948 $852 $900-950 50 $1,500 40 $1,300 Mine-site all-in sustaining c
Slide 8: Operational highlights – Island Gold
Operational highlights – Island Gold Q2 2023A Q2 2022A 2023 Production & mine-site AISC1 Q2 2023A Q2 2022A YTD YTD Guidance 50 $1,500 Gold production (000 oz) 30.5 37.3 63.4 61.8 120-135 40 $1,300 Total cash costs (US$/oz sold)1 $678 $590 $651 $650 $600-650 $1,100 Mine-site all-in sustaining costs (
Slide 9: Island Gold – Phase 3+ Expansion
Island Gold – Phase 3+ Expansion Construction progress in Q2 ✓ 44kV powerline - completed installation from existing mine to shaft area substation ✓ Hoist house - completed major mechanical components installation for service and production hoists ✓ Buried services - completed over 90% of major buri
Slide 10: Phase 3+ Expansion growth capital - on track & on budget
Phase 3+ Expansion growth capital - on track & on budget (in US$M) As of June 30, 2023 P3+ 2400 Spent to Committed % Spent & Growth Capital (including indirects & contingency) as of Jan 2022 1 date1 to date1 Committed 71% of shaft area growth capital Shaft & Shaft Surface Complex 229 97 66 71% spent
Slide 11: Operational highlights – Mulatos District
Operational highlights – Mulatos District Q2 2023A Q2 2022A 2023 Mulatos District Q2 2023A Q2 2022A YTD YTD Guidance Production & mine-site AISC1 Gold production (000 oz) – Mulatos District 60.3 20.2 110.8 42.7 175-185 60 $1,800 Total cash costs (US$/oz sold)1 $847 $1,566 $843 $1,568 $900-950 50 $1,
Slide 12: Mulatos District – May exploration update
Mulatos District – May exploration update Puerto Del Aire (PDA) exploration update1 Capulin Target – regional potential1 23REF012 2.01 g/t Au (2.01 g/t Au cut) over 82.5 m core length • 1M oz of higher-grade Mineral Reserves & Resources at YE 20222, up 71% YoY • Significant gold mineralization inter
Slide 13: Island Gold – June exploration update
Island Gold – June exploration update Island Gold Main Structure (C & E1E Zones)1: Island Gold Hanging Wall & Footwall Structures1: ▪ Drilling continues to extend high-grade • High-grade mineralization intersected within recently defined sub-parallel & perpendicular zones mineralization beyond Miner
Slide 14: Uniquely positioned – growing intermediate gold producer in low-risk jurisdictions
Uniquely positioned – growing intermediate gold producer in low-risk jurisdictions 80% ✓ High-quality, long-life operations AGI - NYSE GDX 60% GDXJ Gold (US$/oz) ✓ Low-risk jurisdictions 40% ✓ Fully funded, high-return growth 20% ✓ Expanding margins & profitability 0% ✓ Strong ongoing free cash flow
Slide 15: Appendices
Appendices Appendices Appendices TSX:AGI ǀ NYSE:AGI 15
Slide 16: 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 17: 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 $90
Slide 18: 2023 guidance: capital budget
2023 guidance: capital budget 2023 Guidance 2022A Sustaining Capital Growth Capital Total Total Operating Mines (US$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 19: 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 20: 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 21: 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 22: 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 23: 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 24: 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 25: Scott K. Parsons, CFA
Scott K. Parsons, CFA SVP, Investor Relations 416.368.9932 x 5439 sparsons@alamosgold.com