Alamos Gold (AGI) The 15th Annual East Coast IDEAS Conference summary

Company history and asset development

• Founded in 2003, the company started by acquiring the Mulatos mine in Mexico, which has produced over 3 million ounces of gold and $750 million in profit, with production now expected to continue until at least 2036.

• Strategic acquisitions in Ontario, Canada, including Young-Davidson, Island Gold, and Lynn Lake, have significantly increased reserves and production capacity.

• The company has consistently grown reserves and resources, adding over 8 million ounces in the last six years, and now holds 13.9 million ounces.

• Divested non-core assets like Quartz Mountain for a substantial gain, focusing on larger, more strategic projects.

• Maintains a strong track record of value creation through disciplined M&A and organic growth.

Production growth and operational strategy

• Current annual gold production is about 600,000 ounces, with a clear pathway to 900,000 ounces by 2028 and over 1 million ounces before 2030.

• Major expansions at Island Gold and Lynn Lake are expected to drive production growth and lower costs.

• Transitioning Mulatos from open-pit to high-grade underground mining, further reducing costs.

• Investments in infrastructure, such as a new shaft at Island Gold, will improve efficiency and sustainability.

• Operations are fully funded, with projected cash flow of up to $600 million annually at a $3,000 gold price.

Financial performance and shareholder value

• Outperformed gold indices and the S&P 500 since 2021, yet remains conservatively valued compared to other sectors.

• Maintains a strong balance sheet, with minimal net debt and a history of prudent financial management.

• Has paid a dividend since 2010 without interruption.

• Focuses on per-share growth metrics, ensuring acquisitions and expansions are accretive to shareholders.

• Free cash flow and profits have funded expansions and acquisitions, minimizing dilution.