Alamos Gold Inc.

Alamos Gold Inc. is a senior gold producer headquartered in Toronto, Canada, operating primarily in Canada and Mexico. The company's portfolio consists of 7 projects, comprising 2 operating mines, 1 development, 2 advanced exploration, 1 expansion, and 1 suspended project. Key assets include Young-Davidson and Island Gold. The company's business model is centered on operating a diverse portfolio of mining assets utilizing a range of extraction and processing technologies. Operational capabilities include both large-scale, open-pit mining and complex underground operations. The enterprise employs multiple processing methods tailored to specific ore characteristics, including conventional carbon-in-leach and carbon-in-pulp circuits, flotation, heap leaching, and the use of paste backfill in underground environments. A key operational characteristic is the integration of adjacent assets to form consolidated districts, enabling synergies through shared infrastructure, processing facilities, and technical expertise. This district-level approach allows for optimized ore routing and economies of scale. The business strategy combines lower-cost, bulk-tonnage mining with higher-grade, selective underground methods, providing operational flexibility and a balanced risk profile. This diversified approach supports consistent performance across various geological settings and market conditions, underpinning the company's competitive position.

Strategic priorities center on creating long-term value through a disciplined, multi-faceted growth approach. The organization focuses on organic growth by advancing a pipeline of development-stage projects through feasibility and into construction, with a clear objective of increasing production rates and lowering operating costs. A core component of this strategy is the significant investment in major expansion projects at existing operations, including shaft sinking and mill upgrades, to unlock the full potential of its resource base. Resource and reserve replacement is driven by systematic, well-funded exploration programs targeting both near-mine extensions and new regional discoveries. Capital allocation is managed through a balanced approach that includes funding high-return growth projects, providing shareholder returns via a consistent dividend and a dividend reinvestment plan, and opportunistically repurchasing shares under a Normal Course Issuer Bid. The enterprise complements its organic growth with strategic acquisitions aimed at consolidating key districts and securing large, prospective land packages that align with its operational expertise.

Governance is directed by a Board of Directors composed of 9 members, led by a non-executive Chair. The board's oversight is executed through 5 standing committees: Audit; Human Resources; Corporate Governance and Nominating; Technical and Sustainability; and Public Affairs. The Audit Committee is comprised of 4 independent directors, all of whom are financially literate and one of whom qualifies as a financial expert, ensuring rigorous oversight of financial reporting and internal controls. Executive leadership is headed by a President and Chief Executive Officer with extensive industry experience, supported by a senior management team with specialized expertise in technical services, project development, operations, and finance. The board includes directors with backgrounds in law, finance, geology, and engineering, providing a diverse skill set for strategic guidance. The governance framework is designed to comply with applicable securities laws and stock exchange rules, fostering accountability and transparency.

The organization's sustainability strategy is underpinned by a formal Energy & Greenhouse Gas Management Standard and a public commitment to reduce absolute Scope 1 and 2 GHG emissions by 30% by 2030 from a 2020/2021 baseline. Climate-related governance is structured with a dedicated Climate Change Working Group and a senior management Steering Committee, both reporting to the board's Technical and Sustainability Committee. The enterprise utilizes a Marginal Abatement Cost Curve to evaluate and prioritize over 30 identified emission reduction projects, including initiatives such as Ventilation on Demand systems, fleet electrification, and transitioning from propane to compressed natural gas for heating. Community and Indigenous relations are formalized through multiple Impact Benefit Agreements and Community Benefits Agreements with First Nations, which establish frameworks for consultation and shared benefits. The company also engages in proactive community support, including voluntary relocation programs that have involved constructing new homes, schools, and medical clinics.

The corporate structure has been shaped by a series of strategic acquisitions and amalgamations designed to consolidate key operating districts and expand the exploration portfolio. In 2024, the company completed the acquisition of Orford Mining Corporation to secure a large, prospective land package and Argonaut Gold Inc. to integrate an adjacent producing asset. These transactions followed the 2023 acquisition of Manitou Gold Inc., which significantly expanded the land position around an existing operation. Earlier foundational transactions include the acquisition of Trillium Mining Corp. in 2020 and amalgamations with Richmont Mines Inc. in 2018 and AuRico Gold Inc. in 2015. The organization periodically optimizes its asset base through strategic divestitures, including the 2022 sale of a non-core development project and a portfolio of non-core royalties. Financial flexibility is supported by a US$500 million Base Shelf Prospectus filed in 2023, enabling the potential issuance of various securities.