Fourth Quarter & Year-End 2023 Results Presentation February 22, 2024 ...

Production and Sales Performance - Alamos Gold produced a record 529,300 ounces of gold in 2023, a 15% increase from 2022, with fourth quarter production of 129,500 ounces[13]. - Full year gold sales totaled 526,258 ounces at an average realized price of $1,944 per ounce, generating record revenue of $1.0 billion, a 25% increase from 2022[13]. - Gold production for the full year 2023 was 529,300 ounces, up from 460,400 ounces in 2022, representing a 15% increase[121]. - Gold ounces sold in 2023 totaled 526,258, a significant increase from 456,574 ounces sold in 2022, representing a 15.2% growth[197]. - Young-Davidson produced 185,100 ounces of gold in 2023, achieving the low end of annual guidance[46]. - Island Gold produced 31,600 ounces in Q4 2023, a 22% decrease from the prior year, with full-year production totaling 131,400 ounces, achieving the mid-point of guidance[58]. - The Mulatos District produced 48,100 ounces in Q4 2023, a 2% decrease year-over-year, with full-year production totaling 212,800 ounces, exceeding the top end of guidance by 15%[69]. Financial Performance - Cash flow from operating activities reached a record $472.7 million in 2023, a 58% increase from the previous year[13]. - The company reported net earnings of $210.0 million for 2023, a significant increase from $37.1 million in the prior year, reflecting record operating performance and margin expansion[135]. - Operating revenues for the year ended December 31, 2023, were $1.0 billion, a 25% increase compared to the prior year, driven by increased production and higher average realized gold prices[129]. - Cash flow provided by operating activities for 2023 was $472.7 million, compared to $298.5 million in the prior year, driven by a 15% increase in ounces sold and higher operating margins[158]. - Operating revenues for Q4 2023 were $254.6 million, a 10% increase compared to $231.9 million in Q4 2022[122]. - The company realized net gains of $7.1 million on foreign currency contracts in 2023, a turnaround from net losses of $1.1 million in 2022[172]. Costs and Expenses - Total cash costs for 2023 were $850 per ounce, with all-in sustaining costs (AISC) at $1,160 per ounce, consistent with guidance[13]. - Total cash costs per ounce for Q4 2023 were $900, an increase of 11.1% from $810 in Q4 2022[197]. - All-in sustaining costs per ounce for Q4 2023 were $1,233, up from $1,138 in Q4 2022, indicating an 8.3% increase[197]. - Total cash costs for the Mulatos District were $957 per ounce in Q4 2023, with mine-site AISC at $1,030 per ounce, both higher than the prior year due to inflationary pressures[74]. - The company’s total cash costs for 2024 are expected to range from $825 to $875 per ounce, with mine-site AISC projected between $1,125 and $1,175 per ounce[29]. Capital Expenditures and Investments - The company continued to self-fund the majority of $178.1 million of growth capital invested in the Phase 3+ Expansion at Island Gold[13]. - The company’s total capital expenditures for 2024 are projected to be between $391 million and $431 million, including sustaining and growth capital[29]. - For the year ended December 31, 2023, the Company invested $348.9 million in capital expenditures, an increase of 11.5% from $313.7 million in the prior year[160]. - Capital expenditures for Young-Davidson totaled $67.2 million for the full year, a 6% decrease from the prior year[52]. - The company expects capital spending on the Lynn Lake project to total $25 million in 2024, focusing on site access upgrades and detailed engineering[89]. Exploration and Reserves - Year-end 2023 Mineral Reserves were reported at 10.7 million ounces of gold, a 2% increase from 2022, with grades increasing by 1%[16]. - Global Mineral Reserves increased to 10.7 million ounces of gold, a 2% increase from 2022, marking five consecutive years of growth[33]. - Island Gold's Mineral Reserves rose 18% to 1.7 million ounces, with combined Mineral Reserves and Resources increasing 16% to 6.1 million ounces[34]. - Exploration expenditures for Island Gold totaled $14.8 million in 2023, with a 16% increase in total Mineral Reserves and Resources to 6.1 million ounces[96][97]. - The updated Feasibility Study for the Lynn Lake project indicates a 44% larger Mineral Reserve totaling 2.3 million ounces, with a 23% increase in average annual gold production over the first 10 years[86]. Dividends and Shareholder Returns - Alamos paid dividends of $39.4 million, or $0.10 per share, for the full year[13]. - The Company declared a dividend of $0.025 per share in Q4 2023, totaling $39.4 million in dividends paid for the year, with $35.3 million paid in cash[161]. Future Guidance - The company issued three-year guidance on January 10, 2024, with increased production guidance for 2024 of between 485,000 and 525,000 ounces, expecting a 7% production increase by 2026 and an 11% decrease in AISC[16]. - Gold production in 2024 is expected to range between 485,000 and 525,000 ounces, a 3% increase from previous guidance[35]. - The global exploration budget for 2024 is set at $62 million, a 19% increase from $52 million in 2023[41].

TORONTO, Feb. 20, 2024 (GLOBE NEWSWIRE) -- Alamos Gold Inc. (TSX:AGI, NYSE:AGI) ("Alamos" or the "Company") today reported its updated Mineral Reserves and Resources as of December 31, 2023. For a detailed summary by asset, refer to the tables below. Highlights Global Proven and Probable Mineral Reserves increased 2% to 10.7 million ounces of gold (202 million tonnes ("mt") grading 1.65 grams per tonne of gold ("g/t Au")), with grades increasing 1%, reflecting higher-grade additions at Island Gold and Puert ...

TORONTO, Feb. 13, 2024 (GLOBE NEWSWIRE) -- Alamos Gold Inc. (TSX:AGI, NYSE:AGI) ("Alamos" or the "Company") today reported new results from underground exploration drilling at the Island Gold Mine. Underground exploration drilling continues to extend high-grade gold mineralization across the Island Gold Deposit within the main E1E and C-Zones, as well as several hanging wall and footwall structures in proximity to existing underground infrastructure. These results are expected to contribute to another incre ...

Investing in gold stocks could be a great way to diversify an investment portfolio. Because it gives investors a sector that typically has separate price movement compared to others in the market and is based on a commodity. Just recently, gold and silver stocks saw a surge in their share price after the news of airstrikes in the Middle East. When investors are fearful, they often turn away from average stocks toward an investment in precious metals.Below are three gold mining companies that have seen stron ...

Alamos Gold Inc. (AGI) announced that it has inked a deal to acquire all issued and outstanding shares of Orford Mining Corporation. This deal consolidates Alamos' existing ownership of Orford shares and expands its portfolio with key projects, such as West Raglan, the Joutel Properties and Nunavik Lithium. The transaction adds the highly prospective Qiqavik Gold Project, located in Quebec, Canada, to AGI’s portfolio.The move reflects the company's commitment to building a pipeline of high-quality, long-ter ...

About this content About Sean Mason Sean Mason is a Senior Journalist at Proactive, having researched and written about Canadian and US equities for 20 years. Sean graduated from the University of Toronto with a BA in history and economics and has also passed the Canadian Securities Course. He previously worked at Investors Digest of Canada, Stockhouse, and SmallCapPower.com. Read more About the publisher Proactive financial news and online broadcast teams provide fast, accessible, informative and action ...

TORONTO, Jan. 15, 2024 (GLOBE NEWSWIRE) -- Alamos Gold Inc. (TSX:AGI, NYSE:AGI) ("Alamos" or the "Company") is pleased to announce that it has entered into a definitive agreement (the "Agreement") pursuant to which Alamos will acquire all of the issued and outstanding shares of Orford Mining Corporation (TSXV:ORM) ("Orford") by way of a court-approved plan of arrangement (the "Transaction"). The acquisition will consolidate Alamos' existing ownership of Orford shares through which the Company will add the h ...

TORONTO, Jan. 10, 2024 (GLOBE NEWSWIRE) -- Alamos Gold Inc. (TSX:AGI, NYSE:AGI) ("Alamos" or the "Company") today reported fourth quarter and annual 2023 production. The Company also provided updated three-year production and operating guidance. "We finished 2023 with another strong quarter, achieving the top end of our increased annual guidance with record production of 529,300 ounces of gold. This represented a 15% increase from 2022, at lower costs, driving a record financial performance and strong free ...

ALAMOS GOLD INC. Management's Discussion and Analysis (in United States dollars, unless otherwise stated) For the Three and Nine Months ended September 30, 2023 ALAMOS GOLD INC. For the Three and Nine months ended September 30, 2023 Table of Contents | Overview of the Business | 3 | | --- | --- | | Highlight Summary | 4 | | Third Quarter 2023 Highlights | 6 | | Environment, Social and Governance Summary Performance | 7 | | Business Developments | 8 | | Outlook and Strategy | 9 | | Young-Davidson Mine ("Youn ...