Summary of Alamos Gold's 2026 Investor Day Company Overview - **Company**: Alamos Gold - **Event**: 2026 Investor Day - **Key Presenters**: John McCluskey (President and CEO), Greg Fisher (CFO), Luc Guimond (COO), among others [1][6] Industry Context - **Sector**: Gold Mining - **Focus**: Exploration success, production growth, and cost management in the gold mining industry Key Points and Arguments Exploration and Growth Potential - **Island Gold District**: High-grade intercepts from recent drilling, particularly from the Cline-Pick target, indicate strong exploration success and potential for district expansion [2][3] - **Production Goals**: A pathway to achieving 1 million ounces of annual production is outlined, with detailed mine plans and exploration strategies [9][10] - **Resource Growth**: The company has added 8 million ounces of resources in the last six years at an average finding cost of $31 per ounce, indicating effective exploration strategies [12] Financial Performance and Projections - **2025 Production**: Finished with 545,000 ounces, lower than expected due to operational challenges [24] - **Free Cash Flow**: Generated $350 million in free cash flow in 2025, with expectations to increase to $600 million in 2026 and over $1.3 billion by 2028 [42] - **Capital Expenditure**: Planned capital investment of approximately $900 million in 2026 to support growth initiatives, including the expansion of Island Gold [30][36] Cost Management - **All-in Sustaining Costs**: Expected to be $1,550 per ounce in 2026, influenced by inflation and operational adjustments [34][35] - **Cost Reduction Strategy**: Anticipated decrease in costs to $1,375 in 2027 and $1,250 in 2028 as production ramps up and efficiencies are realized [38][41] Operational Updates - **Island Gold Production**: Expected production increase to between 570,000 and 650,000 ounces in 2026, with a focus on ramping up underground mining rates [29][32] - **Young-Davidson Performance**: Consistent production expected, averaging about 165,000 ounces per year over the next three years, with a focus on improving mining rates and operational efficiency [61][62] Strategic Initiatives - **M&A and Synergies**: The acquisition of Richmont Mines and integration of Magino has created significant synergies, with nearly $500 million in potential savings [7][8] - **Shareholder Returns**: The company has a history of returning capital to shareholders, with $450 million in dividends and buybacks, and plans to continue this trend as cash flow increases [14][45] Future Outlook - **Long-term Production Goals**: Aiming for sustainable production of 1 million ounces annually by the end of the decade, supported by long mine lives and ongoing exploration [40][41] - **Exploration Upside**: Significant exploration potential remains in the Island Gold District and other projects, which could further enhance production and resource estimates [57][66] Additional Important Information - **Operational Challenges**: Weather conditions and seismic events have impacted production rates, but recovery plans are in place to address these issues [47][48] - **Infrastructure Improvements**: Plans to enhance mill management and operational efficiency at the Magino site, including transitioning to grid power for cost savings [51][53] This summary encapsulates the critical insights and projections discussed during Alamos Gold's 2026 Investor Day, highlighting the company's strategic focus on growth, cost management, and shareholder value.

Alamos Gold 2026 Investor Day F e b r u a r y 4 , 2 0 2 6 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 information purposes. No stock exchange, securities commission or other regulatory authority has approved or disapproved the contained information. This ...

Further production growth to one million ounces annually expected by 2030 through development of Lynn Lake and the Island Gold District ExpansionAll amounts are in United States dollars, unless otherwise stated. TORONTO, Feb. 04, 2026 (GLOBE NEWSWIRE) -- Alamos Gold Inc. (TSX:AGI; NYSE:AGI) (“Alamos” or the “Company”) provided updated three-year production and operating guidance. The Company also outlined longer term production guidance of approximately one million ounces per year by 2030 through the larger ...

All amounts are in United States dollars, unless otherwise stated TORONTO, Feb. 03, 2026 (GLOBE NEWSWIRE) -- Alamos Gold Inc. (TSX:AGI; NYSE:AGI) (“Alamos” or the “Company”) today reported results of the Expansion Study (“IGD Expansion”) completed on the Island Gold District operation, located in Ontario, Canada. Compared to the Base Case Life of Mine Plan (“Base Case LOM”) released in June 2025, the IGD Expansion incorporates a 30% increase in Mineral Reserves, and an expansion of the Magino mill to 20,000 ...

Core Viewpoint - Alamos Gold Inc. has reported significant advancements in its Island Gold District operation, including a 30% increase in Mineral Reserves and an expansion of the Magino mill to 20,000 tonnes per day, which is expected to enhance production and profitability, positioning it as one of Canada's largest and most profitable gold operations [1][2]. Production and Economic Highlights - The IGD Expansion is projected to increase average annual production to 534,000 ounces over the next 10 years, a 27% increase from the Base Case Life of Mine Plan [3][4]. - The total gold production is expected to rise from 5,836,000 ounces in the Base Case to 7,963,000 ounces under the Expansion Study [4]. - Average mine-site all-in sustaining costs (AISC) are anticipated to decrease by approximately 31% to $1,025 per ounce over the initial 10 years post-expansion [3][47]. Mineral Reserves and Resources - The IGD Expansion Study has increased the Proven and Probable Mineral Reserves to 8.3 million ounces, a 30% increase from the previous estimate of 6.3 million ounces [7][19]. - Underground Mineral Reserves have risen by 25% to 5.1 million ounces, while open pit Mineral Reserves increased by 40% to 3.1 million ounces [8][9]. Capital Expenditure - Growth capital for the IGD Expansion is estimated at $542 million, focusing on the Magino mill expansion and accelerated underground development, with total growth capital expected to reach $704 million [55][56]. - The capital for the mill expansion to 20,000 tpd is estimated at $200 million, with significant spending anticipated in 2026 and 2027 [57][58]. Environmental Impact - The IGD Expansion is expected to achieve a 56% reduction in greenhouse gas emissions per ounce produced, further decreasing the emission intensity to 70% lower than the industry average [36][47]. Operational Improvements - The expansion will include enhancements to the Magino mill circuit, such as a new truck dump configuration and a centralized gyratory crusher, aimed at improving processing efficiency and reducing costs [22][40]. - The transition to shaft operations is expected to stabilize costs and improve mining efficiency, with underground mining rates projected to increase to 3,000 tpd by 2029 [23][29]. Financial Projections - The after-tax net present value (NPV) of the IGD Expansion is estimated at $8.2 billion at a long-term gold price of $3,200 per ounce, increasing to $12.2 billion at a price of $4,500 per ounce [13][14]. - The after-tax internal rate of return (IRR) is projected at 53% based on the $3,200 gold price and 69% at $4,500 [14][18]. Summary of Costs - Total cash costs are expected to average $682 per ounce over the initial 10 years post-expansion, reflecting a significant decrease from previous estimates [47][51]. - Open pit mining costs are projected to average C$4.85 per tonne, while underground mining costs are expected to average C$135 per tonne [48][51].

All amounts are in United States dollars, unless otherwise stated TORONTO, Feb. 02, 2026 (GLOBE NEWSWIRE) -- Alamos Gold Inc. (TSX:AGI; NYSE:AGI) (“Alamos” or the “Company”) today reported new results from underground and surface drilling at the Island Gold Mine. Exploration drilling continues to extend high-grade gold mineralization across the Island Gold Deposit, as well as within several hanging wall and footwall structures, and delineation drilling continues to support the conversion of high-grade Miner ...

Core Viewpoint - Alamos Gold Inc. has reported significant advancements in its underground exploration program at the Young-Davidson mine, highlighting the extension of high-grade gold mineralization in multiple zones, particularly in the hanging wall and syenite areas, which presents substantial upside potential for the company. Exploration Results - New high-grade gold mineralization has been identified in the South Syenite Zone, located 285 meters south of the Northgate Shaft, an area with limited historical drilling [2] - The Mid-Mine Hanging Wall Zones have shown extended high-grade gold mineralization, discovered in 2024, near existing infrastructure and south of current Mineral Reserves and Resources [2][12] - Expansion drilling in the Young-Davidson syenite continues to extend gold mineralization beyond existing Mineral Reserves and Resources, with notable intercepts including: - 16.36 g/t Au over 17.90 m, including 116.50 g/t Au over 1.00 m [3][11] - 9.15 g/t Au over 22.00 m, including 44.03 g/t Au over 3.00 m [3][15] - 10.12 g/t Au over 17.30 m, including 143.50 g/t Au over 1.00 m [3][16] Financial and Operational Highlights - The exploration spending at Young-Davidson totaled $13.1 million in 2025, with 34,080 meters of drilling across 81 holes, and 448 meters of underground exploration development completed [7][8] - The company has maintained a Mineral Reserve life of at least 13 years since 2011, indicating strong potential for continued resource availability [17] Future Plans - Drilling will continue in 2026 to further expand high-grade mineralization, particularly where it remains open to the east and up/down dip [10] - The focus will remain on extending mineralization within the Young-Davidson syenite and testing higher-grade gold mineralization in the hanging wall [8][9]

Core Insights - Alamos Gold Inc. reported successful results from its 2025 exploration program at the Lynn Lake and Qiqavik Gold projects, indicating potential for increased mineral reserves and resources [1][2] Lynn Lake Project Exploration Highlights - The exploration focused on the Linkwood and Burnt Timber satellite deposits, which are expected to enhance the mine life and production rates of the Lynn Lake project [3][19] - A total of $3.4 million was spent on exploration at Lynn Lake in 2025, with 7,268 meters of drilling completed [13] - Total Mineral Reserves for the Lynn Lake District increased by 42% to 3.3 million ounces grading 1.29 g/t Au [14] - Significant gold intercepts included 21.70 g/t Au over 5.25 m and 27.68 g/t Au over 6.26 m [6][22] Qiqavik Project Exploration Highlights - The 2025 drill program at Qiqavik was the first since its acquisition in 2024, with 72% of the holes reporting gold grades above 1.0 g/t Au [8][37] - The program confirmed the presence of high-grade gold mineralization across multiple targets, indicating significant discovery potential [9][39] - Notable results included 36.10 g/t Au over 0.65 m and 2.06 g/t Au over 14.95 m [10][11] Future Exploration Plans - The 2026 exploration program will focus on further defining the geometry and extent of mineralized structures at both Lynn Lake and Qiqavik projects [43][49] - There is potential for underground mining at the MacLellan and Gordon deposits, which remain open at depth [24][25] Regional Exploration Potential - The Lynn Lake project covers 58,000 hectares with significant exploration potential, including the Maynard and Tulune regional targets [31][32] - The Maynard target has shown promising gold mineralization over a 750 m strike length, while the Tulune discovery has extended broad zones of near-surface gold mineralization over a 2 km strike length [32][33]

Core Insights - The Royce Global Trust aims for long-term capital growth by investing primarily in small-cap and mid-cap equity securities, with a focus on international markets [9][2]. Performance Summary - As of December 31, 2025, the Net Asset Value (NAV) was $15.24, while the market price was $13.11 [1]. - The average annual total return for the Fund as of December 31, 2025, was as follows: - One-Month: NAV 2.62%, MKT 5.16% - One-Year: NAV 23.22%, MKT 24.07% - Three-Year: NAV 16.96%, MKT 17.71% - Five-Year: NAV 6.31%, MKT 5.51% - Ten-Year: NAV 10.05%, MKT 10.24% [1]. Portfolio Diagnostics - The average market capitalization of the portfolio is $3,351.6 million [3]. - The weighted average Price-to-Earnings (P/E) ratio is 26.6x, and the weighted average Price-to-Book (P/B) ratio is 3.2x [3][5]. Portfolio Composition - The top ten positions in the portfolio and their respective percentages of net assets are: - Tel Aviv Stock Exchange: 5.2% - Sprott: 4.5% - Alamos Gold Cl. A: 3.6% - Protector Forsikring: 3.3% - Stadio Holdings: 3.0% - APi Group: 2.4% - Phoenix Financial: 2.0% - Littelfuse: 1.9% - TMX Group: 1.8% - SEI Investments: 1.7% [8]. - The top five sectors by percentage of net assets are: - Financials: 30.0% - Industrials: 26.5% - Materials: 11.4% - Information Technology: 11.0% - Cash and Cash Equivalents: 6.6% [8]. Investment Strategy - The Fund typically invests at least 80% of its net assets in equity securities and at least 65% in companies located in at least three countries outside the U.S. [9].

Core Viewpoint - Alamos Gold Inc. will host an Investor Day on February 4, 2026, to present detailed information on the Island Gold District Expansion Study and updated three-year guidance [1]. Group 1: Event Details - The Investor Day will take place in Toronto, starting with a live webcast at 8:30 am ET [2]. - Registration for the live webcast is available at www.alamos2026investorday.com, with an on-demand replay accessible within 24 hours [2]. Group 2: Company Overview - Alamos Gold is a Canadian-based intermediate gold producer with operations in North America, including the Island Gold District and Young-Davidson mine in Ontario, and the Mulatos District in Mexico [3]. - The company has a strong portfolio of growth projects, including the Phase 3+ Expansion at Island Gold and the Lynn Lake project in Manitoba [3]. - Alamos employs over 2,400 people and is committed to sustainable development [3]. Group 3: Topics to be Covered - The Investor Day will cover three-year guidance, the Island Gold District Expansion Study, development projects update, and global exploration update [5].