COMPANY PROFILE
"Diversified North American gold producer"
Summary
Alamos is a Canadian-based intermediate gold producer with diversified production from three operating mines in North America. This includes the Young-Davidson and Island Gold mines in northern Ontario, Canada and the Mulatos mine in Sonora State, Mexico. Additionally, the Company has a strong portfolio of growth projects, including the Phase 3+ Expansion at Island Gold, and the Lynn Lake project in Manitoba, Canada. Alamos employs more than 1,900 people and is committed to the highest standards of sustainable development. The Company’s shares are traded on the TSX and NYSE under the symbol “AGI”.
Strategic Quote
“As outlined in our updated three-year guidance, our strong outlook remains intact. We have increased our production guidance for 2023 and 2024, reflecting a stronger outlook at both Mulatos and Island Gold, and we remain on track to deliver a substantial decrease in costs over the next three years. With higher production and lower costs, we expect to generate growing free cash flow while funding the Phase 3+ Expansion at Island Gold. Once completed in 2026, we expect this to drive a significant increase in production, a further reduction in costs and substantial free cash flow growth,” John McCluskey, President and CEO
Main Leadership
- John McCluskey, President and CEO, Alamos Gold
Mr. McCluskey has held this position since 2003, when he co-founded the Company with mining hall of famer Chester Millar. Mr. McCluskey was formerly a Director of the World Gold Council and is currently an Alternative Director. Mr. McCluskey is the recipient of the 2023 Viola R. MacMillan Award, given by the Prospectors & Developers Association of Canada for showing leadership and a willingness to take risks in the acquisition and development of the Island Gold mine in Northern Ontario. In 2018, he received the Murray Pezim Award for Perseverance and Success in Financing Mineral Exploration by the British Columbia Association for Mineral Exploration, in recognition of his role in the acquisition, financing, and encouragement of successive discoveries at Mulatos, as well as his ongoing success as CEO of Alamos. Mr. McCluskey was also named Ontario’s 2012 Ernst & Young Entrepreneur of The Year, based on a judging panel’s assessment of financial performance, vision, leadership, innovation, personal integrity and influence, social responsibility, and entrepreneurial spirit.
- Jamie Porter, CFO, Alamos Gold
Mr. Porter has over 20 years of progressive experience in the mining industry. He joined Alamos Gold in 2005 and has served as Alamos’ Chief Financial Officer since 2011. Prior to Alamos Gold, Mr. Porter was Controller and Corporate Secretary for a Central American-based gold producer, and prior thereto started his career at PwC.
Corporate Presentation
Main Operations
Producing Mines
- Young-Davidson, Canada: Young-Davidson is a low-cost, long-life operation and one of Canada’s largest underground gold mines. With a large Mineral Reserve base and strong ongoing free cash flow generation, Young-Davidson will serve as Alamos’ foundation for growth for many years to come.
o 2023E Au production: 185-200k oz o 2023E Mine-site AISC: US$1,175-1,225/oz
- Island Gold, Canada: Island Gold is one of Canada’s highest grade and lowest cost gold mines. Through ongoing exploration success, its Mineral Reserves and Resources have continued to grow in size and quality. This has supported a multi-phase expansion of the operation, driving production higher, costs lower, and strong free cash flow growth.
o 2023E Au production: 120-135k oz o 2023E Mine-site AISC: US$950-1,000/oz
- Mulatos, Mexico: The Mulatos mine is Alamos Gold’s founding operation. It was acquired for $10 million and has produced over two million ounces of gold and generated ~$350 million in free cash flow since 2005. Mulatos remains a consistent gold producer, and significant cash flow generator, with strong exploration potential.
o 2023E Au production: 175-185k oz o 2023E Mine-site AISC: US$950-1,000/oz
Development Projects
- Island Gold Phase 3+ Expansion, Ontario, Canada Expansion to create one of lowest cost & most profitable gold mines in Canada
- Puerto Del Aire (Mulatos), Sonora, Mexico Higher grade, underground deposit adjacent to Mulatos pit
- Lynn Lake, Manitoba, Canada High grade, open pit with attractive exploration upside
