Alamos Gold Inc.’s Post

Transcript

Today I���m announcing that Alamos is acquiring Argonaut Gold in a friendly transaction that will add a third producing mine in Canada to our operations, meaning that 90% of our value is now based in Canada. Argonauts key asset, the Magino mine is right next door to our Island Gold mine in northern Ontario. There are tremendous synergies combining these operations that will enable us to unlock considerable value. The addition of the Magino mine will allow us to realize more than $500 million in operating and capital synergies. The Argonaut and Island Gold deposits sit within 300 meters of each other across a 4 kilometre strike. Combined, the two deposits contain over 11 and a half million ounces of gold Reserves and Resources. The newly constructed infrastructure at Magino, including the mill and tailings facility, is impressive, and I applaud the Argonaut team for what they've built. Combining the Island Gold and Magino mines will increase our production by over 100,000 ounces of gold per year, bringing the total for this district to over 400,000 ounces per year by 2026. This will become one of the largest and lowest cost gold mining operations in Canada. There is excellent potential to build on the exploration success at both the Island Gold and Magino deposits. Jointly, these mines will create real value and provide tangible benefits to local communities. We look forward to strengthening our existing partnerships with the Indigenous communities and welcoming Argonauts employees to our team. I hope they will thrive with us and look forward to working together in fully realizing the benefits of integrating these two operations. This is an exciting development that fits well with Alamos Gold���s growth strategy. When you include our Young-Davidson Mine and the Lynn Lake development project in Manitoba, our overall Canadian production will double to approximately 800,000 ounces of gold per year by 2028. This will establish Alamos Gold as the third largest gold producer in Canada. My team has a fantastic track record when it comes to creating value through mergers and acquisitions, and I'm committed to making this one a success for all of our stakeholders.