Alamos gold corporate presentation september 06 2018 final

Corporate Presentation
September 2018

2
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, this “Presentation”) has been prepared by Alamos Gold Inc. (“Alamos”) solely
for information purposes. No Stock exchange, securities commission or other regulatory authority has approved or disapproved of the information contained herein. This presentation does not constitute an offering of securities and the information contained herein
is subject to the information contained in the Company’s continuous disclosure documents at www.sedar.com.
Cautionary Notes
Certain statements in this presentation are “forward-looking statements”, including within the meaning of applicable laws. All statements other than statements of historical fact included in this presentation, including, without limitation, statements Alamos’ net
asset value, operating cash flow, free cash flow, forecast gold production, Mineral Reserves, Mineral Resources, exploration potential, gold grades, recoveries, waste-to-ore ratios, total cash cost, all-in sustaining costs, debt levels and future plans and objectives of
Alamos are forward-looking statements based on forecasts of future operational or financial results, estimates of amounts not yet determinable and assumptions of management that involve various risks and uncertainties. Any statements that express or involve
discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects” or “does not expect”, “is expected”, “anticipates” or “does not
anticipate”, “plans”, “estimates” or “intends”, or stating that certain actions, events or results “may”, “could”, “would”, “might”, or “will” be taken, occur or be achieved) are not statements of historical fact and may be “forward-looking statements.” Alamos
cautions that forward-looking information involves known and unknown risks, uncertainties and other factors that may cause Alamos’ actual results, performance or achievements to be materially different from those expressed or implied by such information,
including, but not limited to, gold and silver price volatility; fluctuations in foreign exchange rates and interest rates; the impact of any hedging activities; discrepancies between actual and estimated production, between actual and estimated Mineral Reserves and
Mineral Resources or between actual and estimated metallurgical recoveries; costs of production; capital expenditure requirements; the costs and timing of construction and development of new deposits; and the success of exploration and permitting activities. In
addition, the factors described or referred to in the section entitled “Risk Factors” in Alamos’ Annual Information Form for the year ended December 31, 2017, which along with other documents setting out risk factors affecting the Company is available on the SEDAR
website at www.sedar.com, should be reviewed in conjunction with the information found in this presentation. Although Alamos has attempted to identify important factors that could cause actual results, performance or achievements to differ materially from
those contained in forward-looking information, there can be other factors that cause results, performance or achievements not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate or that
management’s expectations or estimates of future developments, circumstances or results will materialize. Accordingly, readers should not place undue reliance on forward-looking information.
Market data and other statistical information used throughout this Presentation are based on internal company research, independent industry publications, government publications, reports by market research firms or their published independent sources. Industry
publications, governmental publications, market research surveys and forecasts generally state that the information contained therein has been obtained from sources believed to be reliable. Although Alamos believes such information is accurate and reliable, it has
not independently verified any of the data from third party sources cited or used for our management’s industry estimates, nor has Alamos ascertained the underlying economic assumptions relied upon therein. While Alamos believes internal company estimates are
reliable, such estimates have not been verified by any independent sources, and Alamos makes no representations as to the accuracy of such estimates.
Note to U.S. Investors
Alamos prepares its disclosure in accordance with the requirements of securities laws in effect in Canada, which differ from the requirements of U.S. securities laws. Terms relating to Mineral Resources in this presentation are defined in accordance with National
Instrument 43-101 Standards of Disclosure for Mineral Projects under the guidelines set out in the Canadian Institute of Mining, Metallurgy, and Petroleum Standards on Mineral Resources and Mineral Reserves. The Unites States Securities and Exchange
Commission (the “SEC”) permits mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. Alamos may use certain terms, such as “Measured Mineral Resources”,
“Indicated Mineral Resources”, “Inferred Mineral Resources” and “Probable Mineral Reserves” that the SEC does not recognize (these terms may be used in this presentation and are included in the public filings of Alamos, which have been filed with the SEC and the
securities commissions or similar authorities in Canada).
Cautionary non-GAAP Measures and Additional GAAP Measures
Note that for purposes of this section, GAAP refers to IFRS. The Company believes that investors use certain non-GAAP and additional GAAP measures as indicators to assess gold mining companies. They are intended to provide additional information and should not
be considered in isolation or as a substitute for measures of performance prepared with GAAP.
“Cash flow from operating activities before changes in non-cash working capital” is a non-GAAP performance measure that could provide an indication of the Company’s ability to generate cash flows from operations, and is calculated by adding back the change in
non-cash working capital to “Cash provided by (used in) operating activities” as presented on the Company’s consolidated statements of cash flows. “Cash flow per share” is calculated by dividing “cash flow from operations before changes in working capital” by the
weighted average number of shares outstanding for the period. “Free cash flow” is a non-GAAP performance measure that is calculated as cash flows from operations net of cash flows invested in mineral property, plant and equipment and exploration and
evaluation assets as presented on the Company’s consolidated statements of cash flows and that would provide an indication of the Company’s ability to generate cash flows from its mineral projects. “Mine site free cash flow” is a non-GAAP measure which includes
cash flow from operating activities at, less capital expenditures at each mine site. Return on Equity is defined as Earnings from Continuing Operations divided by the average Total Equity for the current and previous year. “Mining cost per tonne of ore” and “Cost per
tonne of ore” are non-GAAP performance measures that could provide an indication of the mining and processing efficiency and effectiveness of the mine. These measures are calculated by dividing the relevant mining and processing costs and total costs by the
tonnes of ore processed in the period. “Cost per tonne of ore” is usually affected by operating efficiencies and waste-to-ore ratios in the period. “Total cash costs per ounce”, “all-in sustaining costs per ounce”, and “mine-site all-in sustaining costs” as used in this
analysis are non-GAAP terms typically used by gold mining companies to assess the level of gross margin available to the Company by subtracting these costs from the unit price realized during the period. These non-GAAP terms are also used to assess the ability of a
mining company to generate cash flow from operations. There may be some variation in the method of computation of these metrics as determined by the Company compared with other mining companies. In this context, “total cash costs” reflects mining and
processing costs allocated from in-process and dore inventory associated and associated royalties with ounces of gold sold in the period. Total cash costs per ounce are exclusive of exploration costs. “All-in sustaining costs per ounce” include total cash costs,
exploration, corporate and administrative, share based compensation and sustaining capital costs. “Mine-site all-in sustaining costs” include total cash costs, exploration, and sustaining capital costs for the mine-site, but exclude an allocation of corporate and
administrative and share based compensation. “Adjusted net earnings” and “adjusted earnings per share” are non-GAAP financial measures with no standard meaning under IFRS. “Adjusted net earnings” excludes the following from net earnings: foreign exchange
gain (loss), items included in Other loss, certain non-reoccurring items and foreign exchange gain (loss) recorded in deferred tax expense. “Adjusted earnings per share” is calculated by dividing “adjusted net earnings” by the weighted average number of shares
outstanding for the period.
Additional GAAP measures that are presented on the face of the Company’s consolidated statements of comprehensive income and are not meant to be a substitute for other subtotals or totals presented in accordance with IFRS, but rather should be evaluated in
conjunction with such IFRS measures. This includes “Earnings from operations”, which is intended to provide an indication of the Company’s operating performance, and represents the amount of earnings before net finance income/expense, foreign exchange
gain/loss, other income/loss, and income tax expense. Non-GAAP and additional GAAP measures do not have a standardized meaning prescribed under IFRS and therefore may not be comparable to similar measures presented by other companies. A reconciliation
of historical non-GAAP and additional GAAP measures are detailed in the Company’s Management’s Discussion and Analysis available at www.alamosgold.com.
Technical Information
Chris Bostwick, FAusIMM, Alamos Gold’s Vice President, Technical Services, has reviewed and approved the scientific and technical information contained in this presentation. Chris Bostwick is a Qualified Person within the meaning of Canadian Securities
Administrator’s National Instrument 43-101 (“NI 43-101”). The Qualified Persons for the National Instrument 43-101 compliant mineral reserve and resource estimates are detailed in the tables in the appendix of this presentation.
All figures in US$ unless otherwise indicated.

3
1 Please refer to Cautionary Notes on non-GAAP Measures and Additional GAAP Measures.
2 Includes cash and cash equivalents as of June 30, 2018. Total liquidity also includes undrawn $400m credit facility.
Strong platform for delivering long-term value
Growing, diversified, long-life gold production
Expanding margins
Peer leading growth
Strong, debt free balance sheet
Track record of delivering shareholder value
• Increased guidance to 490-530k oz from four North American mines
• $950/oz AISC1 in 2018, declining through 2020
• Portfolio of six low-cost development projects
• $235m cash2 & $635m total liquidity to support growth

4
$1,091
$1,010
$933 $950
2015A 2016A 2017A 2018E
2015A 2016A 2017A 2018E
$1,241
$1,103
$1,062 $1,080
2015A 2016A 2017A 2018E
Growing production, declining costs & increasing profitability
2015A 2016A 2017A
Operating revenues (US$M) $355.1 $482.2 $542.8
Cash provided by operations
before changes in WC (US$M)1
$65.3 $148.0 $183.3
Cash flow per share
(basic)1 $0.34 $0.56 $0.60
Mine-site free cash flow
(US$M)1 ($39.6) $35.4 $77.5
429
Gold Production (000 oz)
AISC1,2 (US$/oz)
-6%
Cost of Sales1,3 (US$/oz)
-3%
+30%
392
490-530
380
2 Total consolidated all-in sustaining costs include corporate and administrative and share based compensation expenses. For the purposes of calculating all-in sustaining costs at individual mine sites, the Company does not include corporate
and administrative and share based compensation expenses.
3 Cost of sales includes mining and processing costs, royalties and amortization.

5
Q2 2018 results – on track to achieve full year guidance
2 Total consolidated all-in sustaining costs include corporate and administrative and share based compensation expenses. For the purposes of calculating all-in sustaining costs at individual mine sites, the Company does not include corporate and
administrative and share based compensation expenses.
4 Includes capitalized exploration
19%
Production growth from Q2 2017
GSM Permit
for Kirazlı project granted
21%
Increase in operating cash flow
before changes in working capital3
$22m
mine-site free cash flow3
Q2 2018 Q2 2017
Gold production (ounces) 126,500 105,900
Gold sales (ounces) 129,272 104,023
Average realized gold price (US$/oz) $1,307 $1,262
Cost of sales (US$/oz, includes amortization)1 $1,160 $1,053
All-in sustaining costs (US$/oz)2,3 $996 $942
Operating revenues (US$M) $169 $131
Adjusted net earnings (US$M)3 $5 $10
Adjusted earnings per share3 $0.01 $0.03
Cash provided by operations
before changes in working capital (US$M)3
$55 $45
Cash flow per share3 $0.14 $0.15
Capital expenditures (US$M)4 $53 $52
Mine-site free cash flow3 $22 $18
Net cash (US$M) $235 $134
Continued to extend high-grade
mineralization at Island Gold

6
Canada
57%Mexico
23%
Turkey
20%
AĞI DAĞI (TURKEY) – Permitting3
Average Au Production 178koz
Mine-site AISC2 $411
After-tax IRR +39%
KIRAZLI (TURKEY) – Permitting3
Average Au Production 104 koz
Mine-site AISC2 $373/oz
After-tax IRR +44%
ÇAMYURT (TURKEY) – Permitting3
Average Au Production 93 koz
After-tax IRR +253%
Diversified asset base; low political risk profile
MULATOS (SONORA, MEXICO)
2018E Au Production 170-180 koz
2018E Au Mine-site AISC US$900/oz
EL CHANATE (SONORA, MEXICO)
2018E Au Mine-site AISC US$1,200/oz
YOUNG-DAVIDSON (ONTARIO, CANADA)
Producing Assets
Exploration / Development Assets
1 Source: Select street research
3 Average annual production and mine-site AISC for Turkish projects and Lynn Lake are detailed in economic studies completed in 2017.
Note: Mineral resources are exclusive of mineral reserves. See mineral reserve and resource estimates and associated footnotes in appendix.
ISLAND GOLD (ONTARIO, CANADA)
QUARTZ MOUNTAIN (USA) – Adv. Exploration
Total Au M&I Resources 0.3 Moz (12.2mt @ 0.87 g/t)
Total Au Inf. Resources 1.1 Moz (39.2mt @0.91 g/t)
ESPERANZA (MEXICO) – Permitting
Total Au M&I Resources 1.1 Moz (34.4mt @ 0.98 g/t)
LYNN LAKE (CANADA) – Permitting3
Average Au Production 143 koz (Years 1-10)
After-tax IRR +13%
Asset NPV by Geography1
Canada
60%
Mexico
40%
North American Production

7
High quality, long-life reserve base
Proven & Probable Mineral Reserves1,2
5.9
7.7
9.8
0
5
10
15
2015 2016 2017
OuncesAu(Millions)
1 For more information, see press release dated February 21, 2018 “Alamos Reports Mineral Reserves and Resources for the Year-Ended 2017” and mineral reserve and resource estimates and associated footnotes in appendix.
2 Year end 2017 Proven & Probable mineral reserves totaled 9.8 million ounces of gold (203.4 mt at 1.50 g/t Au).
3 Source: TD Securities. 2017 Y/E operating gold reserves/2019E gold production; adjusted for asset sales.
+67%
29.3
27.8
19.1
14.3
12.4 12.1 11.9 11.2 10.8 10.3 10.1 9.4
8.0 7.4 6.6
0.0
5.0
10.0
15.0
20.0
25.0
30.0
DGC ELD GUY GG AGI NGD ABX AUY NEM KGC IMG AEM SMF BTO KL
Reservelifeindex(years)
Reserve Life Index (on Operating Assets)3
Safe jurisdictions
82% Mineral Reserves located in North
America including 61% in Canada
Long reserve life
on operating assets

8
Diversified, long-life production; growing cash flow
Young-Davidson – Ontario, Canada
Island Gold – Ontario, Canada
Mulatos – Sonora, Mexico
El Chanate – Sonora, Mexico
• Open-pit, heap leach gold mine
• Eight year reserve life1, longer than at start of production in 2005
• ~$410m of free cash flow2 generated to date
• Declining costs – end of 5% royalty & grid power mid-2019
• Large, bulk tonnage, low-cost underground gold mine
• 14 year reserve life1 with significant resource & exploration upside
• Lower mine expansion to drive strong FCF growth in 2020
• Open-pit, heap leach gold mine
• Mature operation, plan to cease mining in 2018
• Significant FCF at end of mine life through residual leaching
Declining
cost & capital
profile
Growing
cash flow
generation
500 koz
stable, long term
production base
• High-grade, low-cost underground gold mine
• Seven year reserve life1 with significant upside via 1.4m oz resource
• 421% increase in Reserves & 67% increase in grades since 2014
• Expansion to 1,100 tpd to drive 30%+ production growth in 2019
1 Mineral reserve life based on mineral reserves as of Dec 31 2017, except Island Gold which is as of June 30, 2018. See mineral reserve and resource estimates and associated footnotes in appendix.

9
Young-Davidson – completion of lower mine expansion
• Raise bore of lower third of Northgate shaft complete
• Completion of lower mine infrastructure & tie-in of
upper & lower mine scheduled for Q4 2019
• Lower costs & capital expected to drive significant
free cash flow growth in 2020
-$137
-$108
-$95
-$80
$63
$84
$99
$114
-$74
-$24
$4
$34
2014A 2015A 2016A 2017A
Total capital (US$m)
Operating cash flow (US$m)
Mine-site free cash flow (US$m)
1
1

10
-$42 -$43
-$33
$15
$41
$59
-$27
-$2
$26
2015A 2016A 2017A
Total capital (US$m)
Operating cash flow (US$m)
Mine-site free cash flow (US$m)
Island Gold – Phase I expansion to 1,100 tpd
2 Operating results from Island Gold prior to its acquisition has been included for comparative purposes. Production attributable to Alamos totals 9,000 oz in 2017
following the closing of the Richmont Mines acquisition on Nov. 23, 2017.
99 95-105
138
$599
$825
$655
$0
$10
$20
$30
$40
$50
$60
$70
$80
$90
0
50
100
150
200
250
300
2017A 2018E 2019E
Gold Production (k oz) AISC (US$/oz)
+38%
• Phase I expansion to 1,100 tpd on track for completion
by end of Q3 2018
• Higher throughput & grades to drive stronger
production & lower costs
• Significant free cash flow growth expected in 2019
Phase I Expansion PEA Operating Profile2
1
1

11
172 141 144 184
562
752
887 959
154
111
233 219
72
91
111
221
564
1,037
1,003
768
996
908
1,180
201 243 277 319 374 457
556 611
2
3
4
5
6
7
8
9
10
11
(650)
(400)
(150)
100
350
600
850
1,100
1,350
1,600
1,850
2,100
2,350
2011 2012 2013 2014 2015 2016 2017 Jun-18
kozAu
Grade(g/tAu)
Mineral Reserves & Resources Over Time (koz)
Mineral Reserve grade
Reserves
M&I Resources
Inferred Resources
Cumulative oz produced
Island Gold – growing in size & quality
1 See mineral reserve and resource estimates and associated footnotes in appendix.
2 Includes Proven & Probable reserves of 959,000 oz (2.8 mt at 10.69 g/t Au), Measured & Indicated resources of 221,000 oz (0.8 mt at 8.18 g/t Au) & Inferred resources of 1.2m oz (3.7 mt at 9.99 g/t Au)
3 Since completion of acquisition of Island Gold in November 2017.
+17%
Increase in
mineral reserve
grades3
Significant Growth Since 2017 Acquisition
+142%
Increase in M&I &
+18% increase
in inferred mineral
resources3
+28%
Increase in
mineral reserves3
1,2

12
Kirazlı
Ağı Dağı
Çamyurt
Lynn Lake
Permitting &
Development
Young-Davidson
Peer leading, multi-stage, fully funded growth
Island Gold
Mulatos
El Chanate
Mulatos District
Island Gold District
Esperanza
Quartz Mountain
>400 koz
Combined annual production
growth potential
North
American
Production
Exploration
44%
After-tax IRR1
39%
After-tax IRR1
253%
After-tax IRR1
13%
After-tax IRR1
~500 koz
Stable, long-term production base;
declining cost profile
1 After-tax IRR for Turkish and Lynn Lake projects based on gold and silver prices of $1,250 and $16 per ounce, respectively. For more details, see press releases dated February 15 & 22, 2017 and December 14, 2017.

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Kirazlı – low-cost, high-return, fully funded growth
Site preparation (as of July 2018) – 75% complete
Water reservoir (as of July 2018) – 40% complete
GSM permit granted
Mobilizing for full-scale construction
H2 2018
44% after-tax IRR1
104 koz Au average annual production1 at
mine-site AISC2 of $373/oz
H2 2020
Initial production
1 Please refer to press releases dated Feb 15 and Feb 22, 2017 regarding Kirazli & Agi Dagi feasibility studies & Camyurt preliminary economic assessment.
Low capital intensity
$152m1 initial capital; fully funded

14
Expanding margins at operating mines; low-cost growth
2018 2019 2020+
Mulatos
connection to grid power &
end of 5% NSR royalty
Island Gold
completion of Phase I
Expansion to 1,100 tpd
Young-Davidson
completion of lower mine
infrastructure
Kirazlı
initial production H2 2020
Please refer to Cautionary Notes on non-GAAP Measures and Additional GAAP Measures.

15
$235m
$400m
Strong balance sheet – debt-free
$635m
As of June 30, 2018
Cash & Total Liquidity
Cash & cash equivalentsUndrawn Credit Facility
3
Net Cash / (Debt) (US$m)5
Cash & Cash Eq.1,2 US$235 million
Total Liquidity3 US$635 million
Total Debt US$0
Capital Structure
Shares Outstanding (Basic) 389.8 million
Shares Outstanding (Fully Diluted) 415.5 million
Recent Share Price (TSX)4 C$5.65
Market Capitalization ~C$2.2 billion
Balance Sheet
1 Unaudited management estimate as of June 30, 2018.
2 Cash & cash equivalents as of June 30, 2018.
3 Total liquidity includes cash, and cash equivalents and undrawn $400m credit facility for Alamos Gold as of June 30, 2018.
4 As of September 6, 2018
5 Source: Factset and company reports for the period ending June 30, 2018.
$395
$288 $235
$194
-$9 -$98 -$101 -$102 -$161
-$471
-$787 -$789
-$923 -$1,584
IMG KL AGI SSRM THO DGC OGC CG ELD BTO K NGD AEM YRI

16
$0.40
$0.62
2014A 2018E
Cash Flow Per Share (US$, basic)
Long-term track record of adding shareholder value
1 2018 gold production based on the mid-point of guidance of 490-530k oz Au
4 2018 cash flow per share based on Bloomberg consensus analyst estimates as of September 6, 2018.
1.10
1.31
2014A 2018E
Gold Production Per Share
(oz x 1000)
13.60
25.41
2014A 2018E
Gold Reserves Per Share
(oz x 1000)
Adding value on an aggregate and per share basis
3,4
+19% +87% +55%
1 2

17
Long-term track record of delivering shareholder value
1 As of September 6, 2018.
2 Source: Factset consensus estimates as of September 6, 2018. Intermediate peer group includes BTO, NGD, THO, DGC, PAAS, IMG, OGC, KL and SSRM
12%
-2%
8%
AGI (TSX) S&P/TSX Global
Gold Index
Gold (US$/oz)
Average Annualized Return since 2003
Long-term track record of
outperformance
1
2
Short-term underperformance –
compelling valuation opportunity
1.26
0.82
0.57
Highest Peer Intermediate Peer
Average
AGI
Consensus P/NAV

18
 Q4 2017: Met consolidated 2017 production guidance
 Q1 2018: 28% increase in combined mineral reserves
 Q2 2018: Extended high grade mineralization at Island Gold
 Q3 2018: Receipt of GSM permit for Kirazlı
 Q3 2018: 8% increase in Reserves & 30% increase in Inf. Resources at Island Gold
Q3 2018: Completion of Phase I Mill Expansion at Island Gold
2018: Ongoing exploration at Island Gold & Mulatos
2019: EIA approval of Cerro Pelon & La Yaqui Grande
Alamos – investment case
Catalysts
Diversified intermediate gold
producer
Low-cost growth profile
Strong balance sheet to support
growth
Long-term track record of delivering
shareholder value

20
Board of Directors and Executive and Management Team
Board of Directors
Executive and Management Team
Paul J. Murphy
John A.
McCluskey
Mark J. Daniel Elaine Ellingham David Fleck David Gower
Claire M. C.
Kennedy
Ronald E. Smith Kenneth Stowe
Chairman Director Director Director Director Director Director Director Director
John A. McCluskey Jamie Porter Peter MacPhail Christine Barwell Chris Bostwick Luis Chavez
President and CEO Chief Financial Officer Chief Operating Officer VP, Human Resources VP, Technical Services Senior VP, Mexico
Andrew Cormier Nils Engelstad Greg Fisher Scott Parsons Colin Webster
VP, Development & Construction VP, General Counsel VP, Finance VP, Investor Relations VP, Sustainability & External Affairs

21
2018 Guidance Total
Young-Davidson Island Gold Mulatos El Chanate Original Revised
Gold production (000’s ounces)
Revised Guidance 180-190 100-110 170-180 40-50 490-530
Original Guidance 200-210 90-100 150-160 40-50 480-520
Cost of Sales (in millions)(4) $208 $108 $175 $58 $536 $549
Cost of Sales ($ per ounce)(4) $1,125 $1,025 $1,000 $1,285 $1,075 $1,075
Total cash costs ($ per ounce) (1) $675 $575 $800 $1,200 $740 $740
All-in sustaining costs ($ per ounce) (1) $950 $950
Mine-site all-in sustaining costs ($ per ounce)(1),(3) $850 $825 $900 $1,200 — —
Amortization costs ($ per ounce) (1) $450 $450 $200 $85 $335 $335
Capital expenditures (in millions)
Sustaining capital(1) $35-40 $25-27 $8-10 - $68-77 $68-77
Growth capital(1) $35-40 $25-28(2) $18-20(2) - $78-88 $78-88
Total capital(1) $70-80 $50-55 $26-30 - $146-165 $146-165
Corporate & Administrative (in millions) $18 $18
2018 Guidance Total
Sustaining Capital Growth Capital Original Revised
Development Projects (in millions)
Turkey - $100 $100 $50-60
Lynn Lake - $8 $8 $8
La Yaqui Grande & Cerro Pelon - $13 $13 $13
Esperanza & Quartz Mountain - $2 $2 $2
Total – Development Projects - $123 $123 $73-83
Capitalized Exploration (in millions)
Island Gold - $12 $12 $15
Mulatos - $7 $7 $7
Lynn Lake - $4 $4 $4
Total – Capitalized Exploration - $23 $23 $23
Total Consolidated Budget $68-77 $224-234 $292-311 $245-$274
2018 guidance
1. Refer to the “Cautionary non-GAAP Measures and Additional GAAP Measures” disclosure.
2. Excludes capitalized exploration.
3. For the purposes of calculating mine-site all-in sustaining costs at individual mine sites, the Company does not include an allocation of corporate and administrative and share based compensation expenses to the mine sites.
4. Cost of sales includes mining and processing costs, royalties, and amortization expense

22
Young-Davidson – flagship, long-life production
2016A 2017A 2018E Q1/18A Q2/18A
Gold Production (k oz) 170.0 200.0 180-190 41.0 39.1
Cost of Sales1 (US$/oz) $1,087 $1,078 $1,125 $1,273 $1,350
Total Cash Costs2,3 (US$/oz) $657 $658 $675 $824 $890
Mine-site AISC2,3 (US$/oz) $897 $834 $850 $994 $1,083
Total Capital (US$m) $95 $80 $70-80 $23 $19
Mine-site FCF2 (US$m) $4 $34 $5 $4
Location: Ontario, Canada Stage: Producing
Ownership: 100% interest Operation: Underground
Gold Reserves & Resources4 Tonnes
(000)
Grade
(g/t Au)
oz Au
(000)
P&P Underground Reserves 40,011 2.67 3,440
M&I Underground Resources 11,374 3.53 1,291
Inferred Underground Resources 3,528 2.74 311
3 Excludes Net Realizable Value (“NRV”) inventory adjustments. See associated MD&A for a full reconciliation.
• One of Canada’s largest underground gold mines
• 14 year mine life based on YE 2017 mineral reserves
• Large resource base & exploration potential to support
mine life extension
• Significant Canadian dollar exposure; ~95% of costs

23
$1,162
$1,087 $1,078 $1,075
2015A 2016A 2017A 2018E
$986 $897 $834 $850
2015A 2016A 2017A 2018E
2015A 2016A 2017A 2018E
-31%
$34m
mine-site free cash flow1 generated in 2017
Young-Davidson – ramp up of underground mining
-14%+28%6,639 tpd
Average underground mining rate in 2017
-7%
2 Cost of sales includes mining and processing costs, royalties and amortization
Total Capital Spending (US$m)
Tonnesperday
g/tAu
Mine-site AISC (US$/oz)1Production (000 oz)
Cost of Sales2 (US$/oz)
160 170
200 200-210
2015A 2016A 2017A 2018E
$108
$95
$80 $70-80
1
1.2
1.4
1.6
1.8
2
2.2
2.4
2.6
2.8
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
Q1/13
Q2/13
Q3/13
Q4/13
Q1/14
Q2/14
Q3/14
Q4/14
Q1/15
Q2/15
Q3/15
Q4/15
Q1/16
Q2/16
Q3/16
Q4/16
Q1/17
Q2/17
Q3/17
Q4/17
Q1/18
Q2/18
Underground TPD Mill TPD Processed Grade

24
2016 2017 2018 2019 2020
 Commissioning of MCM
shaft
 Transition to 100% owner
development
 Ramp up to 7,000 tpd
 Raise boring of lower NG
shaft
 Completion of MCM waste
pass
• Shaft bottom infrastructure
• Northgate shaft –
changeover to shaft bottom
• Northgate shaft hoisting
from 8900L
Young-Davidson – development schedule
Please refer to Cautionary Notes on non-GAAP
Measures and Additional GAAP Measures.
Declining capital intensity

25
Young-Davidson – long section
Declining capital intensity
Higher underground mining
rates – stronger production
Strong free cash flow growth
Development of lower mine
infrastructure to support:
Productivity improvements –
lower costs

26
Young-Davidson – increasing grade & productivity
4 Excludes hydro rebate not attributable to Q4/15
Underground ramp up driving production higher
Q2/14 Q3/14 Q4/14 Q1/15 Q2/15 Q3/15 Q4/15 Q1/16 Q2/16 Q3/16 Q4/16 Q1/17 Q2/17 Q3/17 Q4/17 Q1/18 Q2/18
Gold production (oz) 40,166 40,538 40,945 38,098 39,365 38,201 44,694 39,065 42,644 43,629 44,662 40,400 47,300 55,800 56,500 41,000 39,100
Cost of sales1 (US$/oz) $1,625 $1,370 $1,211 $1,216 $1,298 $1,165 $986 $1,058 $1,182 $1,032 $1,077 $1,148 $1,113 $966 $1,107 $1,273 $1,350
Total cash costs per oz. (2,3)
$871 $723 $719 $745 $697 $681 $617 $616 $738 $607 $667 $710 $677 $572 $690 $824 $890
Mine-site AISC per oz.(2,3)
$1,144 $959 $912 $987 $1,008 $979 $980 $846 $965 $849 $926 $851 $895 $ 744 $859 $994 $1,083
Underground mine
Tonnes mined per day 3,595 3,753 4,140 4,130 5,149 5,081 5,911 5,776 6,123 5,467 6,675 6,400 6,377 6,544 7,227 6,501 6,087
Grades (g/t) 3.3 3.1 3.0 3.0 2.6 2.6 2.6 2.6 2.4 2.8 2.4 2.6 2.6 2.9 2.7 2.4 2.4
Development metres 3,545 3,269 3,438 3,409 3,789 3,619 3,769 3,490 3,168 2,677 3,044 3,242 3,425 3,344 2,776 3,144 3,079
Unit UG mining costs (US$/t) $45 $41 $39 $39 $33 $32 $294 $31 $34 $34 $32 $36 $33 $34 $34 $43 $41
Unit UG mining costs (CAD$/t) $49 $45 $44 $48 $41 $41 $384 $42 $44 $45 $42 $47 $44 $43 $44 $54 $53
Mill processing facility
Tonnes processed per day 8,230 7,670 7,757 7,186 7,677 7,680 7,630 7,342 7,006 6,833 7,552 7,718 6,917 7,553 7,786 7,437 6,574
Grades (inc. OP stockpile) 2.2 1.9 2.0 2.0 2.0 1.9 2.2 2.1 2.1 2.4 2.2 2.2 2.5 2.7 2.6 2.2 2.2
Recoveries (%) 88% 90% 88% 86% 88% 92% 91% 90% 92% 93% 90% 89% 92% 93% 92% 90% 92%
UndergroundTPD
Goldproduction(oz)
2,000
3,000
4,000
5,000
6,000
7,000
8,000
0
10,000
20,000
30,000
40,000
50,000
60,000
Gold ounces produced Tonnes mined per day

27
Island Gold – high-grade, low-cost production
Location: Ontario, Canada Stage: Producing
Ownership: 100% interest Operation: Underground
(000)
Grade
(g/t Au)
oz Au
(000)
P&P Underground Reserves 2,790 10.69 959
M&I Underground Resources 841 8.18 221
Inferred Underground Resources 3,673 9.99 1,180
Highly Productive Gold Mining District
2016A 2017A 2018E Q1/18A Q2/18A
Gold Production1 (k oz) 83.3 98.6 100-110 28.1 26.7
Cost of Sales2 (US$/oz) - - $1,025 $1,000 $1,027
Total Cash Costs3 (US$/oz) $587 $470 $575 $553 $587
Mine-site AISC3 (US$/oz) $745 $599 $825 $633 $668
Total Capital4,5 (US$m) $43 $33 $50-55 $11 $13
Exploration Spending5 (US$m) $11 $14 $18 $3 $5
Mine-site FCF3 (US$m) ($2) $26 $10 $4
1 Operating results from Island Gold prior to its acquisition has been included for comparative purposes. Production attributable to Alamos totals 9,000 oz in 2017
following the closing of the Richmont Mines acquisition on Nov. 23, 2017.
4 Excludes capitalized exploration.
5 Exploration spending in Q2/18 totaled $5m all of which was capitalized. Total capital in Q2/18 excludes capitalized exploration
7 Since 1985.
0 50 100km
Marathon
Wawa
Hearst
Timmins
Iroquois Falls
Smooth Rock Falls
Eagle River, Wesdome
Borden,Goldcorp
Island Gold
Magino, Argonaut
Cote, IAMGOLD
Black Fox, McEwen
Timmins West, Tahoe
Holloway, Kirkland Lake
Porcupine,Goldcorp
Bell Creek, Tahoe
Young-Davidson
Macassa, Kirkland Lake
Holt, Kirkland Lake
Lake Superior
ONTARIO
Hemlo, Barrick
144
101
17
17
11
101
Mine/
Project
City
Dome Mine, Goldcorp
Hoyle Pond, Goldcorp
Cochrane
Pamour (PJV), Goldcorp
Taylor,
Kirkland Lake
Detour Lake Mine, Detour Gold
>25 Moz gold produced7
>35 Moz in defined reserves
• One of Canada’s highest grade & lowest cost gold mines
• PEA expansion to drive production higher & costs lower
• Significant upside potential reflecting inclusion of all
mineral resources & ongoing exploration success
• Significant exploration potential laterally & at depth

28
Island Gold – one of Canada’s highest grade gold mines
Mineral Reserve Grade (g/t Au)1
1 Source: Company filings
21.0
14.6
12.2
10.7
9.9
9.2
7.7 7.7 7.7
7.1
6.5
6.0
4.4 4.1 4.1 3.8 3.7
3.2 2.7
1.6
1.1 1.0
Macassa
Brucejack
EagleRiver
IslandGold-June2018
Seabee
IslandGold-2016
Westwood
HopeBay
RedLake
Meliadine
Musselwhite
Eleonore
LaRonde
BlackFox
BellCreek
Lapa
CasaBerardi
TimminsWest
Young-Davidson
Goldex
CanadianMalartic
DetourLake

29
Island Gold Main Zone Longitudinal – as of June 30, 2018

30
Island Gold Main Zone Longitudinal – Main Extension

31
Island Gold Main Zone Longitudinal – Eastern Extension

32
Island Gold – historical operational results
Gold production (oz) 10,681 11,412 8,974 10,764 14,997 15,076 14,203 26,589 18,617 14,031 24,086 23,772 26,110 26,659 22,063 28,100 26,700
Cost of sales1 (US$/oz) $1,000 $1,027
Total cash costs (US$/oz)(2,3) $769 $823 $1,144 $1,134 $772 $675 $763 $486 $588 $726 $619 $504 $431 $532 $419 $553 $587
Mine-site AISC (US$/oz) (2,3) $959 $1,065 $1,809 $1,480 $1,059 $963 $1,183 $618 $799 $1,010 $683 $640 $503 $708 $574 $633 $668
Underground mine
Tonnes mined per day 765 621 399 552 759 669 657 853 911 735 977 1,019 1,148 917 1,026 941 902
Grades (g/t) 5.78 5.75 6.89 8.02 6.73 7.27 7.83 11.17 7.27 7.29 8.83 8.64 10.28 9.16 9.44 11.06 7.34
Development metres 1,222 1,420 1,754 2,048 1,597 1,872 1,486 2,325 2,273 1,749 2,351 2,083 1,773 1,383 1,667 1,555 1,771
Unit UG mining costs (CAD$) $100 $132 $235 $234 $139 $140 $177 $146 $135 $151 $116 $125 $119 $127 $127 $151 $155
Mill processing facility
Tonnes processed per day 668 666 507 487 787 722 656 834 878 640 903 926 940 925 919 912 976
Grades (g/t) 5.68 5.96 6.28 7.87 6.73 7.27 7.62 11.31 7.51 7.70 9.31 9.18 9.73 10.04 8.46 11.07 8.71
Recoveries (%) 96.2% 97.3% 95.3% 97.2% 96.8% 97.1% 96.0% 96.3% 96.5% 96.4% 96.9% 96.7% 97.6% 97.0% 95.9% 96.0% 96.7%
2 Please refer to Cautionary Notes on non‐GAAP Measures and Additional GAAP Measures.
$0
$200
$400
$600
$800
$1,000
$1,200
$1,400
$1,600
$1,800
$2,000
0
5,000
10,000
15,000
20,000
25,000
30,000
Gold production (oz) Mine-site AISC (US$/oz)
0
2
4
6
8
10
12
0
200
400
600
800
1,000
1,200
Tonnes processed per day Milled Grades (g/t)

33
Island Gold – Phase I Expansion PEA Summary
2017 2018 2019 2020 2021 2022 2023 2024 TOTAL
MINING
Tonnes Mined T 364,600 370,000 405,900 408,100 401,500 402,300 401,500 342,800 3,096,700
Tonnes Mined TPD 999 1,014 1,112 1,118 1,100 1,102 1,100 939 1,061
Grade Mined g/t Au 8.13 8.35 11.01 8.56 11.12 11.65 10.06 8.09 9.68
MILLING
Tonnes Milled T 333,100 356,500 401,500 402,600 401,500 401,500 401,500 394,300 3,092,500
Tonnes Milled TPD 913 977 1,100 1,103 1,100 1,100 1,100 1,080 1,059
Grade Milled g/t Au 8.75 8.55 11.09 8.63 11.12 11.67 10.06 7.03 9.66
Recovery % 96.50 96.00 96.50 96.50 96.50 96.50 96.50 96.50 96.44
Gold Produced oz 90,400 94,000 138,200 107,800 138,600 145,400 125,400 86,000 925,800
COSTS C$
Mining Costs $/t milled 140 140 139 139 128 120 117 110 129
Milling Costs $/t milled 30 29 28 27 28 28 28 28 28
G&A $/t milled 19 18 16 16 15 15 15 13 16
Royalties $1550 Gold Price $/t milled 15 14 19 15 19 20 17 12 16
Total Operating Costs $/t milled 204 201 202 197 190 183 177 163 189
Total Cash Costs C$/oz 751 764 585 735 551 506 567 743 646
AISC C$/oz 993 1,189 884 1,097 655 544 601 760 832
Sustaining Capex C$ x 000 21,827 39,945 41,201 38,979 14,379 5,552 4,187 1,467 167,537
Growth Capex C$ x 000 35,918 27,373 1,071 1,790 1,513 486 - - 68,152
COSTS US$1
Total Cash Costs US$/oz 556 566 434 544 408 375 420 550 479
AISC US$/oz 735 881 655 812 485 403 445 563 616
Sustaining Capex US$ x 000 16,168 29,589 30,520 28,873 10,651 4,112 3,101 1,086 124,101
Growth Capex US$ x 000 26,606 20,277 793 1,326 1,121 360 - - 50,483
1
Exchange rate: 1.35 C$ to 1.00 US$. Please refer to the press release entitled “Richmont Mines Reports Strong Results from the Island Gold Mine Expansion Case Preliminary Economic Assessment” dated
May 29, 2017, filed on SEDAR

34
Mulatos – our founding operation
Location: Sonora, Mexico Stage: Producing
Ownership: 100% interest
Operation: Open pit, heap leach
& high grade mill
2016A 2017A 2018E Q1/18A Q2/18A
Cost of Sales1 (US$/oz) $1,088 $961 $1,000 $976 $997
Total Cash Costs2 (US$/oz) $838 $775 $800 $786 $795
Mine-site AISC2 (US$/oz) $916 $835 $900 $842 $854
Total Capital3,4 (US$m) $18 $37 $26-30 $6 $9
Exploration Spending4 (US$m) $17 $14 $13 $5 $3
Mine-site FCF2 (US$m) $27 $33 $9 $15
(000)
Grade
(g/t Au)
oz Au
(000)
P&P Reserves 49,860 1.18 1,888
M&I Resources 74,958 1.13 2,731
Inferred Resources 10,278 0.97 322
3 Capital spending guidance for 2018 excludes capitalized exploration.
4 Exploration spending in Q2/18 totaled $2.6m including $0.9m of capitalized exploration. Total capital in 2018 excludes capitalized exploration
5 See mineral reserve and resource estimates and associated footnotes in appendix
• Initial production 2005
• ~$415m of free cash flow1 generated to date
• Declining cost profile; 5% NSR royalty nearing completion
• Large underexplored land package (28,773 ha)

35
220 259
778
879
47
115
156
236
-
200
400
600
800
1,000
1,200
2014 2015 2016 2017
La Yaqui & Cerro Pelon
Mulatos – district exploration potential
2 Includes Proven & Probable reserves of 709,000 oz (15.8 mt at 1.40 g/t Au), Measured & Indicated resources of 109,000 oz (3.0 mt at 1.11 g/t Au) & Inferred resources of 9,000 oz (0.3 mt at 0.97 g/t Au) for La Yaqui and Proven & Probable
reserves of 170,000 oz (3.3 mt at 1.63 g/t Au), Measured & Indicated resources of 47,000 oz (0.6 mt at 2.56 g/t Au) & Inferred resources of 4,000 oz (0.1 mt at 1.23 g/t Au) for Cerro Pelon.
District potential
Large underexplored land package; >70% of past
drilling focused near Mulatos mine
Mulatos District
Mulatos mine
Proven & Probable Mineral Reserves
Inferred Mineral Resources
Measured & Indicated Mineral Resources
1,2
La Yaqui Phase I
La Yaqui Grande
879k oz
Combined mineral reserves1,2 at La Yaqui & Cerro
Pelon, a 300% increase since 2014

37
El Chanate – consistent gold producer
Location: Sonora, Mexico Stage: Producing
Ownership: 100% interest Operation: Open pit, heap leach
(000)
Grade
(g/t Au)
oz Au
(000)
P&P Reserves – Open Pit 2,700 0.63 54
P&P Reserves – Leach Pad Inventory - - 80
M&I Resources 5,757 0.72 134
2016A 2017A 2018E Q1/18A Q2/18A
Cost of Sales1 (US$/oz) $1,177 $1,259 $1,285 $1,268 $1,507
Total Cash Costs2,3 (US$/oz) $1,052 $1,188 $1,200 $1,176 $1,404
Mine-site AISC2,3 (US$/oz) $1,069 $1,218 $1,200 $1,191 $1,442
Total Capital (US$m) $1 $1 - $0.1 $0.2
Mine-site FCF2 (US$m) $5 $3 $1 ($0.6)
5 El Chanate’s 2018 production has been hedged through gold collar contracts which ensure a minimum gold price of $1,286 per ounce and participation up to $1,464 per ounce in 2018.
• Significant free cash flow at end of mine life through residual
leaching
• $3m site free cash flow2 generated in 2017
• $1,286/oz minimum realized gold price in 2018 with
production hedged5

38
Development – Kirazlı, Ağı Dağı & Çamyurt
Location: Turkey Stage: Development
Ownership: 100% interest Operation: Open pit, heap leach
• Kirazlı & Ağı Dağı EIAs approved
• Kirazlı GSM & Forestry Permits granted
• Kirazlı & Ağı Dağı feasibility studies completed February
20171 outlining 185% increase in combined after-tax NPV8%
• Tax incentives & mining law supportive of industry
1 Please refer to press releases dated Feb 15 and Feb 22, 2017 regarding Kirazli & Agi Dagi feasibility studies & Camyurt preliminary economic assessment. The 185% increase is compared to the 2012 pre-feasibility study
>39%
After-tax IRR for each of Kirazlı, Ağı
Dağı & Çamyurt1
Low cost, high return
growth
2017 Positive Economic Studies1
Kirazlı
Feasibility
Study
Ağı Dağı
Feasibility
Study
Çamyurt
PEA
Mine Life Years 5 6 4
Average Annual Production
oz Au 104,000 177,600 93,200
oz Ag 617,300 444,200 403,000
Average grade g/t Au 0.79 0.67 0.92
Mine-site AISC2
US$m $373 $411 $645
Initial Capex US$m $152 $250 $10
Total Capex US$m $180 $313 $26
After-tax NPV5%
US$m $223 $360 $111
After-tax NPV8%
US$m $187 $298 $86
After-tax IRR % 44% 39% 253%
Gold Price Assumption US$/oz $1,250 $1,250 $1,250

39
Kirazlı, Ağı Dağı & Çamyurt Economic Studies – 2017
Feasibility Study - 2017 Preliminary Economic Assessment - 2017
Kirazlı Ağı Dağı Çamyurt
Production
Mine life (years) 5 6 4
Total gold production (ounces) 540,000 937,300 373,200
Total silver production (ounces) 3,141,000 2,365,200 1,612,600
Average annual production (ounces)1
Gold 104,000 177,600 93,200
Silver 617,300 444,200 403,000
Total ore mined (tonnes) 26,100,000 54,361,000 16,580,000
Total waste mined (tonnes) 37,900,000 55,893,000 30,874,000
Total material mined (tonnes) 64,000,000 110,254,000 47,454,000
Waste-to-ore ratio2
1.45 1.03 1.86
Average grade (grams per tonne)
Gold 0.79 0.67 0.92
Silver 12.0 5.4 6.3
Recovery (%)
Gold 81% 80% 76%
Silver 31% 25% 48%
Average throughput (tpd) 15,000 30,000 15,000
Operating Costs
Total cost per tonne of ore3
$8.49 $6.46 $14.03
Total cash cost (per ounce sold)4
$339 $374 $604
Mine-site all-in sustaining cost (per ounce sold)4
$373 $411 $645
Capital Costs (millions)
Pre-production capital expenditure $151.9 $250.3 $10.2
Sustaining capital expenditure $18.1 $33.9 $9.4
Reclamation costs (net of salvage value) $9.9 $28.8 $5.9
Total capital expenditure $179.8 $312.9 $25.5
Economic Analysis
IRR (after-tax) 44.3% 38.7% 253.0%
NPV @ 0% discount rate (after-tax, millions) $299.3 $492.8 $173.8
NPV @ 5% discount rate (after-tax millions) $222.9 $360.2 $111.4
NPV @ 8% discount rate (after-tax, millions) $186.5 $297.6 $86.2
Gold price assumption (average, per ounce sold) $1,250 $1,250 $1,250
Silver price assumption (average, per ounce sold) $16.00 $16.00 $16.00
Exchange Rate (Turkish Lira/US Dollar) 2.90:1 2.90:1 2.90:1
1 Average annual production is based on five full years of production for Kirazlı and Ağı Dağı and excludes pre-commercial production
2 Reported waste-to-ore ratio is over the life of mine. The waste-to-ore ratio during commercial production is 0.70:1 for Ağı Dağı and 1.19:1 for Kirazlı in the 2017 feasibility study
3 Total unit cost per tonne of ore excludes silver as a by-product credit
4 Total cash costs and mine-site all-in sustaining costs include silver as a by-product credit

40
Quartz Mountain
Location: Oregon, United States
Ownership: Right to earn a 100% interest4
Stage: Advanced Exploration
Esperanza
Location: Morelos State, Mexico
Stage: Permitting
Operation: Open pit, heap leach
Development – Lynn Lake, Esperanza & Quartz Mountain
1 Lynn Lake December 2017 feasibility study based on gold and silver price assumptions of $1250 and $16 per ounce, respectively. See press release dated December 14, 2017 for more details.
3 Historic column recovery tests for gold at Quartz Mountain varied between 74% and 88% for the felsic rock hosted mineralization; see Orsa Ventures press release dated February 12, 2013
5 Additional C$3m due on completion of feasibility study & C$15m or 2% NSR upon successful permitting
Lynn Lake
Location: Manitoba, Canada
Stage: Permitting
Operation: Open pit
Tonnes Grade Oz Au
(000) (g/t Au) (g/t Ag) (000 Au) (000 Ag)
M&IResources4
34,352 0.98 8.09 1,083 8,936
Inf. Resources 718 0.80 15.04 18 347
Tonnes Grade Oz Au
(000) (g/t Au) (000 Au)
M&IResources4
12,156 0.87 339
Inferred Resources 39,205 0.91 1,147
• Excellent infrastructure; low technical
risk
• Low capital intensity & operating costs
• Average annual production potential >
100k oz
• AISC expected to be lowest quartile2
• Located on northern extension of
prolific Basin & Range Province of
Nevada
• Low strip ratio, favourable metallurgy3
• Acquisition cost $3.5m5
• High grade, open pit with significant
exploration potential
• Existing infrastructure in place
• Low cost hydroelectric power
• Feasibility study results announced Dec 20171
• Average production: 143 koz (Years 1-10)
• LOM Mine-site AISC2
: $745
• After-tax NPV5%: $123m; IRR: 13%
Tonnes Grade Oz Au
(000) (g/t Au) (g/t Ag) (000 Au) (000 Ag)
P&P Reserves4
26,803 1.89 2.99 1,625 2,578
M&I Resources4
7,972 1.91 4.77 490 667
Inf. Resources 45,923 1.11 2.80 1,646 67

41
Lynn Lake Feasibility Study – 2017
Feasibility Study Highlights - December 2017
Production
Mine life (years) 10.4
Total gold production (000 ounces) 1,495
Total silver production (000 ounces) 1,263
Average annual gold production1
Years 1 to 6 (000 ounces) 170
Years 1 to 10 (000 ounces) 143
Total ore mined (000 tonnes) 26,803
Total waste mined (000 tonnes) 195,188
Total material mined (000 tonnes) 221,991
Waste-to-ore ratio2
7.28
Average grade (grams per tonne)
Gold 1.89
Silver 2.99
Recovery (%)
Gold (Average MacLellan and Gordon) 92%
Silver (MacLellan only) 49%
Average mill throughput (tonnes per day (“tpd”)) 7,000
Operating Costs
Total cost per tonne of ore3
$36.06
Total cash cost (per ounce sold)4
$645
Mine-site all-in sustaining cost (per ounce sold)4
$745
Capital Costs (millions)
Pre-production capital expenditure $338.0
Sustaining capital expenditure $126.6
Reclamation costs $21.1
Total capital expenditure $485.6
Base Case Economic Analysis
IRR (after-tax) 12.5%
NPV @ 0% discount rate (millions, after-tax) $279.0
NPV @ 5% discount rate (millions, after-tax) $123.4
Gold price assumption (average, per ounce sold) $1,250
Silver price assumption (average, per ounce sold) $16.00
Exchange Rate (US Dollar/Canadian Dollar) 0.75
1. Average annual production excludes pre-commercial production
2. Reported waste-to-ore ratio is over the life of mine and includes overburden as waste. The waste-to-ore ratio during commercial production is 7.06:1
3. Total unit cost per tonne (“t”) of ore includes royalties and silver as a by-product credit
4. Total cash costs and mine-site all-in sustaining costs include royalties and silver as a by-product credit

42
Sustainability
• Our Objectives
• As we pursue further growth, we will continue to measure our success as an
organization by our performance in achievement of our sustainability objectives:
• Protecting the health and well-being of our employees
• Creating shared value with our host communities and countries
• Ensuring that our operations are net-positive for the environment
• Over the years, Alamos has been recognized for its achievements in these areas:
Clean Industry Certification from PROFEPA
• Alamos was certified as an Industria Limpia (clean industry)
in recognition of the excellence of environmental management
CSR Award from Mexican Center for Philanthropy (CEMEFI)
• Signifies exceptional record of CSR performance;
• 2017 marked the 9th consecutive year for Alamos

43
Proven & Probable Mineral Reserves
PROVEN AND PROBABLE SILVER MINERAL RESERVES
Proven Reserves Probable Reserves Total Proven and Probable
Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces
(000's) (g/t Ag) (000's) (000's) (g/t Ag) (000's) (000's) (g/t Ag) (000's)
La Yaqui 374 8.62 104 1,070 7.19 247 1,444 7.56 351
La Yaqui Grande - - - 14,325 17.05 7,853 14,325 17.05 7,853
MacLellan 9,552 5.01 1,538 8,528 3.79 1,040 18,080 4.44 2,578
Ağı Dağı 1,450 6.22 290 52,911 5.39 9,169 54,361 5.41 9,459
Kirazlı 700 15.90 358 25,404 11.90 9,720 26,104 12.01 10,078
Alamos - Total 12,076 5.90 2,290 102,238 8.53 28,029 114,314 8.25 30,319
PROVEN AND PROBABLE GOLD MINERAL RESERVES
Proven Reserves Probable Reserves Total Proven and Probable
(000's) (g/t Au) (000's) (000's) (g/t Au) (000's) (000's) (g/t Au) (000's)
Young-Davidson - Surface 857 0.98 27 - - - 857 0.98 27
Young-Davidson - Underground 14,688 2.75 1,298 25,323 2.63 2,142 40,011 2.67 3,440
Total Young-Davidson 15,545 2.65 1,325 25,323 2.63 2,142 40,868 2.64 3,467
Island Gold 906 12.86 375 1,884 9.64 584 2,790 10.69 959
Mulatos Main Pits 3,249 1.00 105 18,695 0.86 519 21,944 0.88 624
San Carlos Underground 29 13.27 12 11 8.72 3 39 12.05 15
Stockpiles 8,855 1.30 370 - - - 8,855 1.30 370
La Yaqui 374 1.49 18 1,070 1.36 47 1,444 1.39 65
La Yaqui Grande - - - 14,325 1.40 644 14,325 1.40 644
Cerro Pelon 960 1.70 53 2,293 1.59 117 3,253 1.63 170
Total Mulatos 13,467 1.29 558 36,394 1.14 1,329 49,860 1.18 1,888
El Chanate - Open Pit 1,209 0.60 23 1,492 0.65 31 2,700 0.63 54
El Chanate - Leach Pad Inv. - - 80 - - - - - 80
Total El Chanate 1,209 - 104 1,492 - 31 2,700 - 135
MacLellan 9,552 1.91 586 8,528 1.32 361 18,080 1.63 947
Gordon 2,311 2.82 210 6,412 2.27 468 8,723 2.42 678
Total Lynn Lake 11,863 2.09 796 14,939 1.73 829 26,803 1.89 1,625
Ağı Dağı 1,450 0.76 36 52,911 0.66 1,130 54,361 0.67 1,166
Kirazlı 700 1.25 28 25,404 0.78 637 26,104 0.79 665
Total Turkey 2,150 0.93 64 78,315 0.70 1,767 80,465 0.71 1,831
Alamos - Total 45,140 2.22 3,222 158,346 1.31 6,683 203,486 1.51 9,904

44
Total Measured & Indicated Mineral Resources
MEASURED AND INDICATED SILVER MINERAL RESOURCES
Measured Resources Indicated Resources Total Measured and Indicated
(000's) (g/t Ag) (000's) (000's) (g/t Ag) (000's) (000's) (g/t Ag) (000's)
La Yaqui Grande - - - 3,045 12 1,140 3,045 12 1,140
MacLellan - Open Pit 2,110 5.34 362 2,236 4.24 305 4,347 4.77 667
MacLellan - Underground - - - 1,161 6.23 233 1,161 6.23 233
Esperanza 19,226 7.25 4,482 15,126 9.16 4,455 34,352 8.09 8,936
Ağı Dağı 553 1.59 28 34,334 2.19 2,417 34,887 2.18 2,445
Kirazli 118 2.73 10 5,848 2.17 408 5,966 2.18 418
Çamyurt 513 5.63 93 17,208 6.15 3,404 17,721 6.14 3,497
Alamos - Total 22,520 6.87 4,975 78,958 4.87 12,361 101,478 5.31 17,335
MEASURED AND INDICATED GOLD MINERAL RESOURCES
Measured Resources Indicated Resources Total Measured and Indicated
(000's) (g/t Au) (000's) (000's) (g/t Au) (000's) (000's) (g/t Au) (000's)
Young-Davidson - Surface 496 1.13 18 1,242 1.28 51 1,739 1.24 69
Young-Davidson - Underground 7,411 3.30 785 3,964 3.97 506 11,374 3.53 1,291
Total Young-Davidson 7,907 3.16 803 5,206 3.33 557 13,113 3.23 1,361
Island Gold 35 4.83 5 806 8.32 216 841 8.18 221
Mulatos 7,963 1.25 321 61,504 1.08 2,140 69,467 1.10 2,461
San Carlos UG 167 4.88 26 351 4.58 52 519 4.68 78
La Yaqui - - - 3,045 1.11 109 3,045 1.11 109
Cerro Pelon 117 2.75 10 455 2.52 37 572 2.56 47
Carricito 58 0.82 2 1,297 0.82 34 1,355 0.83 36
Total Mulatos 8,305 1.35 359 66,652 1.11 2,372 74,958 1.13 2,731
El Chanate 2,381 0.62 47 3,376 0.79 86 5,757 0.72 134
MacLellan - Open Pit 2,110 1.86 126 2,236 1.24 89 4,347 1.54 215
MacLellan - Underground - - - 1,161 4.37 163 1,161 4.37 163
Gordon 9 1.72 0.47 451 1.96 28 460 1.95 29
Burnt Timber - - - 1,021 1.40 46 1,021 1.40 46
Linkwood - - - 984 1.16 37 984 1.17 37
Total Lynn Lake 2,119 1.86 127 5,853 1.93 364 7,972 1.91 490
Esperanza 19,226 1.01 622 15,126 0.95 462 34,352 0.98 1,083
Ağı Dağı 553 0.44 8 34,334 0.46 510 34,887 0.46 518
Kirazlı 118 0.50 2 5,848 0.43 80 5,966 0.43 82
Çamyurt 513 1.00 16 17,208 0.89 492 17,721 0.89 508
Total Turkey 1,184 0.68 26 57,390 0.59 1,082 58,574 0.59 1,108
Quartz Mountain 214 0.95 7 11,942 0.87 333 12,156 0.87 339
Alamos - Total 41,371 1.50 1,996 166,351 1.02 5,471 207,722 1.12 7,467

45
Total Inferred Mineral Resources
INFERRED SILVER MINERAL RESOURCES
Tonnes Grade Ounces
(000's) (g/t Ag) (000's)
La Yaqui Grande 303 5.80 57
MacLellan - Open Pit 750 2.80 67
MacLellan - Underground 116 3.43 13
Esperanza 718 15.04 347
Ağı Dağı 16,760 2.85 1,534
Kirazlı 5,689 8.96 1,638
Çamyurt 2,791 5.77 518
Alamos - Total 27,126 4.79 4,174
INFERRED GOLD MINERAL RESOURCES
Tonnes Grade Ounces
(000's) (g/t Au) (000's)
Young-Davidson - Surface 31 0.99 1
Young-Davidson - Underground 3,498 2.75 310
Total Young-Davidson 3,528 2.74 311
Island Gold 3,673 9.99 1,180
Mulatos 8,804 0.92 261
San Carlos UG 162 4.93 26
La Yaqui 303 0.97 9
Cerro Pelon 109 1.23 4
Carricito 900 0.74 22
Total Mulatos 10,278 0.97 322
El Chanate 52 0.79 1
MacLellan - Open Pit 750 1.62 39
MacLellan - Underground 116 3.82 14
Gordon 615 1.30 29
Burnt Timber 23,438 1.04 781
Linkwood 21,004 1.16 783
Total Lynn Lake 45,923 1.11 1,646
Esperanza 718 0.80 18
Ağı Dağı 16,760 0.46 245
Kirazlı 5,689 0.59 108
Çamyurt 2,791 0.95 85
Total Turkey 25,240 0.54 438
Quartz Mountain 39,205 0.91 1,147
Alamos - Total 128,618 1.22 5,063

46
Notes to Mineral Reserve and Resource estimates
Notes to Mineral Reserve and Resource Tables:
• The effective date for the Company’s Mineral Reserves and Resources is December 31, 2017, except for Island Gold which has an effective date of June 30, 2018.
• The Company’s mineral reserves and mineral resource are classified in accordance with the Canadian Institute of Mining Metallurgy and Petroleum’s “CIM Standards on Mineral Resources and Reserves,
Definition and Guidelines” as per Canadian Securities Administrator’s NI 43-101 requirements.
• Mineral resources are not mineral reserves and do not have demonstrated economic viability.
• Mineral resources are exclusive of mineral reserves.
• Mineral reserve cut-off grade for the Mulatos Mine, the Cerro Pelon Pit, the La Yaqui Pits, the Kirazlı Pit and the Ağı Dağı Pit are determined as a net of process value of $0.10 per tonne for each model block
• All Measured, Indicated and Inferred open pit mineral resources are pit constrained with the exception of those outside the Mulatos Main Pits on the Mulatos property which have no economic restrictions
and are tabulated by gold cut-off grade.
• Mineral reserve estimates assumed a gold price of $1,250 per ounce and mineral resource estimates assumed a gold price of $1,400 per ounce. Metal prices, cut-off grades and metallurgical recoveries are set
out in the table below.
• El Chanate reserve ounces include a December 31, 2017 inventory 80,300 recoverable ounces in the heap leach pad
Resources Reserves
Gold Price Cut-off Gold Price Cut-off Met Recovery
Mulatos:
Mulatos Main Open Pit $1,400 0.5 $1,250 see notes >50%
San Carlos Underground $1,400 2.5 $1,250 3.27 70%
Cerro Pelon $1,400 0.3 $1,250 see notes 75%
La Yaqui $1,400 0.3 $1,250 see notes 75%
Carricito $1,400 0.3 n/a n/a n/a
Young-Davidson - Surface $1,400 0.5 $1,250 0.5 91%
Young-Davidson - Underground $1,400 1.3 $1,250 1.9 91%
Island Gold $1,400 4.0 $1,250 3.39-3.94 96.5%
El Chanate $1,400 0.15 $1,250 0.15 30-65%
Lynn Lake - MacLellan $1,400 0.42 $1,250 0.47 91-92%
Lynn Lake - MacLellan Underground $1,400 2.0 n/a n/a n/a
Lynn Lake - Gordon $1,400 0.62 $1,250 0.69 89-94%
Esperanza $1,400 0.4 n/a n/a 60-72%
Ağı Dağı $1,400 0.2 $1,250 see notes 80%
Kirazli $1,400 0.2 $1,250 see notes 81%
Çamyurt $1,400 0.2 n/a n/a 78%
Quartz Mountain $1,400
0.21 Oxide,
0.6 Sulfide
n/a n/a 65-80%
Resources
Jeffrey Volk, CPG, FAusIMM Director - Reserves and Resource, Alamos Gold Inc. Young-Davidson, El Chanate, San Carlos U/G, Lynn Lake
Raynald Vincent, P.Eng., M.G.P. Chief Geologist - Island Gold Island Gold
Marc Jutras, P.Eng Principal, Ginto Consulting Inc. Mulatos Pits, Cerro Pelon, La Yaqui, Carricito, Esperanza, Ağı Dağı, Kirazlı, Çamyurt, Quartz Mountain
Reserves
Chris Bostwick, FAusIMM VP Technical Services, Alamos Gold Inc. Young-Davidson, El Chanate, San Carlos Underground, Lynn Lake
Leon LeBlanc, P.Eng Chief Engineer - Island Gold Island Gold
Herb Welhener, SME-QP VP, Independent Mining Consultants Inc. Mulatos Pits, Cerro Pelon, La Yaqui, Ağı Dağı, Kirazlı
Qualified Persons
Chris Bostwick, FAusIMM, Alamos Gold’s Vice President, Technical Services, has reviewed and approved the scientific and technical information contained in this presentation. Chris
Bostwick is a Qualified Person within the meaning of Canadian Securities Administrator’s National Instrument 43-101 (“NI 43-101”). The Qualified Persons for the National Instrument
43-101 compliant mineral reserve and resource estimates are detailed in the following table.

47
Scott K. Parsons, CFA
VP, Investor Relations
416.368.9932 x 5439
sparsons@alamosgold.com

Alamos gold corporate presentation september 06 2018 final

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