Record production and lower costs drive record free cash flow of $107 million
Toronto, Ontario (July 31, 2024) - Alamos Gold Inc. (TSX:AGI; NYSE:AGI) (“Alamos” or the “Company”) today
reported its financial results for the quarter ended June 30, 2024.
“Alamos delivered a record performance in the second quarter. Production exceeded quarterly guidance, increasing
to a record 139,100 ounces. Combined with lower costs, this drove a number of financial records including free
cash flow of $107 million,” said John A. McCluskey, President and Chief Executive Officer. “We also continue to
create value through exploration and our various growth initiatives. The Phase 3+ Expansion is progressing well,
and the integration of Island Gold with our recently acquired Magino mine is well underway. We expect the
integration of the two operations to drive substantial synergies and unlock significant longer-term upside potential
supported by the broad-based exploration success we are seeing across the Island Gold District. We remain well
positioned to achieve full year guidance, and deliver significant production growth, at declining costs over the next
several years,” Mr. McCluskey added.
Second Quarter 2024 Operational and Financial Highlights
• Produced a record 139,100 ounces of gold, exceeding quarterly guidance of 123,000 to 133,000 ounces,
driven by strong performances from Island Gold and La Yaqui Grande. With the solid first half performance,
the Company is well positioned to achieve full year production and cost guidance
• Sold 140,923 ounces of gold at an average realized price of $2,336 per ounce, generating record quarterly
revenue of $332.6 million. This represented a 27% increase from the second quarter of 2023 and marked
the second consecutive quarter of record revenue
• Record free cash flow1 of $106.9 million, reflecting strong mine-site free cash flow from all three operations,
including quarterly free cash flow of $69.9 million at Mulatos and record quarterly free cash flow from
Young-Davidson of $40.1 million. This was a significant increase from consolidated free cash flow of $24.4
million in the first quarter of 2024, while continuing to fund the Phase 3+ Expansion at Island Gold

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