A G I A G I ALAMOS GOLD INC. TSX: AGI ALAMOS GOLD INC. TSX: AGI John A McCluskey John A McCluskey Jeremy Link Jeremy Link John A. McCluskey John A. McCluskey President & CEO President & CEO 1 November 23, 2009 Corporate Presentation Manager, Investor Relations Manager, Investor Relations
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A G IA G IALAMOS GOLD INC.TSX: AGI
ALAMOS GOLD INC.TSX: AGI
John A McCluskeyJohn A McCluskey
Jeremy LinkJeremy Link
John A. McCluskeyJohn A. McCluskeyPresident & CEOPresident & CEO
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Thispresentation includes certain “forward-looking statements”. All statements other than statements of historical fact, included in thispresentation, including without limitation statements regarding potential mineralization and reserves, exploration results, and future plans
d bj ti f Al f d l ki t t t th t i l i i k d t i ti Th i l ti tand objectives of Alamos, are forward-looking statements that involve various risks and uncertainties. The mineral resources estimatescontained here in are only estimates and no assurance can be given that any particular level of recovery of minerals will be realized or thatan identified resource will ever qualify as a commercially mineable or viable deposit which can be legally and economically exploited. Inaddition, the grade of mineralization ultimately mined may differ from the one indicated by drilling results and the difference may bematerial. The estimated resources described herein should not be interpreted as assurances of mine life or of the profitability of futureoperations.
There can be no assurance that forward-looking statements will prove to be accurate and actual results and future events could differmaterially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Alamos’expectations include, among others, risks related to international operations, the actual results of current exploration activities, conclusionsof economic evaluations and changes in project parameters as plans continue to be refined as well as future prices of gold and silver, as wellas those factors discussed in the section entitled “Risk Factors” in Alamos’ Annual Information Form available on www.SEDAR.com. AlthoughAlamos has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that causeresults not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actualresults and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place unduereliance on forward-looking statements.
Cautionary Note to United States Investors Concerning Estimates of Measured, Indicated and Inferred Resources:Certain tables may use the terms “Measured”, “Indicated” and “Inferred” Resources. United States investors are advised that while suchterms are recognized and required by Canadian regulations however the United States Securities and Exchange Commission does notterms are recognized and required by Canadian regulations, however, the United States Securities and Exchange Commission does notrecognize them. “Inferred Mineral Resources” have a great amount of uncertainty as to their existence, and as to their economic and legalfeasibility. It cannot be assumed that all or any part of an Inferred Mineral Resource will ever be upgraded to a higher category. UnderCanadian rules, estimates of Inferred Mineral Resources may not form the basis of feasibility or other economic studies. United Statesinvestors are cautioned not to assume that all or any part of Measured or Indicated Mineral Resources will ever be converted into MineralReserves. United States investors are also cautioned not to assume that all or any part of a Mineral Resource is economically or legallymineable.
All figures are US$ unless otherwise indicated
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Double Gold Production to 300,000+ Ounces per Year by 2012Continuing to improve heap-leach performance at Mulatos
Processing high-grade ore at Mulatos by 2012
Corporate StrategyFocused on Sensible and Sustainable Growth
Processing high grade ore at Mulatos by 2012
Advance Aği Daği & Kirazli towards production for 20131
Grow Gold ReservesRapidly advance new and satellite projects up the development pipeline
Growth Through Acquisitions and ExplorationFocus on gold districts, not just gold projects
Geophysics, geologic detective work, and drill, drill, drill!p y , g g , , ,
Continue to Be a Low-Cost ProducerExpect to remain in the lowest quartile of total cash cost per ounce
Maintain a Solid Financial ProfileStrong cash balance, no debt, and remain unhedged to the price of gold
1 – Management estimate and conditional on closing of project acquisition3
Financial Position & Capital StructureStrongest Balance Sheet in Company’s History
1 Source: BMO Capital Markets Metals & Mining Research
$0
$100
$ 00
POGELD GG
PLZLAUY
AGIARZ
LGLKGC
ANGSGX
ABX
AVERAGENEM RBI
IAGGOLD
NCM CGSMF
GAM GFIOGC
RSGAEM
HARKCN
GBGGSS
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1
$667$700
$800/o
z)
Continue to be Low Total Cash Cost Producer1
Q2-2009 Total Cash Costs Amongst the Lowest in the Industry
$322 $324 $326$390 $394
$423 $433 $434 $452 $466 $483
$200
$300
$400
$500
$600
009
Tota
l Cas
h C
osts
(US$
/
2222
1 Source: RBC CM Research (Aug 24, 2009)
$0
$100
$200
ELD AGI AEM G YRI NEM WgtAvg
K ABX JAG IMG CG
Q2-
20
Increasing Production
300,000
350,000
160,000 - 170,000
151,000
106,200101,170100 000
150,000
200,000
250,000
Prod
uctio
n (o
z.)
2323
0
50,000
100,000
2006A 2007A 2008A 2009E 2010E 2011E 2012E
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Pro Forma Mill Production1
Effective Grade Annualized Production2
Organic Growth from Existing OperationsMill to Process High-Grade Ore at Mulatos
10.54 g/t Au3 54,900 oz. Au
15 g/t Au 78,100 oz. Au
20 g/t Au 104,200 oz. Au
25.48 g/t Au4 132,700 oz. Au
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1 oz./t Au 162,000 oz. Au
1 Based on 500 tpd milling scenario with mill tailings being stacked on the heap leach pad2 Some numbers may not compute due to rounding and truncation errors3 Based on NI 43-101 compliant reserves of 289,000 tonnes of milling ore at an average drill-indicated grade of10.54 g/t Au as of December 31, 20084 Calculated mean grade 2007 bulk sample that was approximately 50× that of the drilling samples
1 Based on 500 tpd milling scenario with mill tailings being stacked on the heap leach pad2 Some numbers may not compute due to rounding and truncation errors3 Based on NI 43-101 compliant reserves of 289,000 tonnes of milling ore at an average drill-indicated grade of10.54 g/t Au as of December 31, 20084 Calculated mean grade 2007 bulk sample that was approximately 50× that of the drilling samples
500 tpd Milling Operation (based upon 10.54 g/t Au)
Gravity Recovery: 90%
Gravity Mill to Process High Grade OresBase Case Economics
Gravity Recovery: 90%
Initial Capital Cost1: $17.5 million (includes 20% contingency)
Mill Operating Costs2: $12.08 per tonne of ore
$39.62/oz. Au at 10.54 g/t Au
IRR of 101% at $700 gold, IRR of 150% at $950 gold3
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2009 exploration results expected to increase mill life
1 Excludes pre-stripping, which is associated with the development of the entire Mulatos Pit Area, which contains the Escondida deposit. A 3rd party contractor has been selected, and pre-stripping commenced in early Q4-2009.2 Excludes mining costs.3 Management estimates.
1 Excludes pre-stripping, which is associated with the development of the entire Mulatos Pit Area, which contains the Escondida deposit. A 3rd party contractor has been selected, and pre-stripping commenced in early Q4-2009.2 Excludes mining costs.3 Management estimates.
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AA GG IIAALAMOS LAMOS GGOLD OLD IINCNC.
Resource Growth ThroughResource Growth Through26
Resource Growth ThroughExploration
Resource Growth ThroughExploration
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Significant district-wide exploration potential within 30,325 hectare land packageF i il di i
Reserves and Resources OutlookAdding Ounces Through the Drill Bit
Focus primarily on upgrading near-pit resources to reserves and making near-pit discoveries
Gap, Cerro Pelon, Escondida, PdA, PdA Extension, La Yaqui
Exploration drilling ongoing with three rigs:San Carlos (2 RC)Puerto del Aire Extension(1 RC)
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2009 Exploration Budget of$10M:> 65,000 m of drilling in over 330 drill holes completed this yearPlan to drill up to 75,000 m in 2009, nearly double 2008’s drillingAdvance select regional grassroots targets to the drill-ready stage
Phase I San Carlos drilling was completed in 2006 consisting of 33 RC holes (6,303 m):
35 0 m @ 2 99 g/t Au
San CarlosAdvancing Another Near Pit Project
35.0 m @ 2.99 g/t Au48.8 m @ 4.69 g/t Au4.6 m @ 36.11 g/t Au
Similar geologic characteristics and setting to high-grade portion of Escondida:
High potential to be another high-grade zonePhase II infill and step-out drilling ongoing with 2 RC rigs:Phase II infill and step-out drilling ongoing with 2 RC rigs:
Exploration targeted at expanding resource and improving resource confidenceClassified as 310,000 inferred ounces within the Company’s December 31, 2008 resource statement
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San CarlosAdvancing Another Near Pit Project
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Continue to Increase Production and Reduce Costs
Continue to Increase Production and Reduce Costs
Main Growth Drivers for 2009 and 2010
Commence Construction of High Grade MillCommence Construction of High Grade Mill
Increase Near Pit ReservesIncrease Near Pit Reserves
“Closing the Circuit” (100% passing 3/8" screen)4 to 7% increase in recoveries expected
A lt f NE PdA E t i
Q4-2009
O i
Near-Term Catalysts
Assays results from NE PdA Extension1 RC rig drilling now
Ongoing
Cerro Pelon Resource Estimate4 km from SW of Mulatos Pit, exposed at surface
Q4-2009
Assay results from San CarlosPotential for a new high-grade discoveries2 RC rigs drilling now
Ongoing
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Closing of the acquisition of the Agi Dagi and Kirazli gold projects in Turkey
Phase I Drilling of El Carricito Regional TargetFavourable alteration, anomalous gold valuesMassive footprint that has never been drilled
Q4-2009
Q1-2010
Other Exploration and Development ProjectsOther Exploration and Development Projects
Appendices
Resources at December 31, 2008Resources at December 31, 2008
Proven and Probable Reserves at December 31, 2008Proven and Probable Reserves at December 31, 2008
Management and Board of DirectorsManagement and Board of Directors
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Management and Board of DirectorsManagement and Board of Directors
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Other Exploration & Development ProjectsAdvancing Satellite Projects Up the Development Pipeline
El El CarricitoCarricito::High-priority grassroots regional target with massive alteration footprintSoil geochemical sampling and mapping ongoing to identify drill targetsDrilling expected to commence during Q1-2010
La Yaqui:La Yaqui:Being advanced up the development pipeline
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San Carlos:San Carlos:Drilling nowRe-modelling and re-estimation for 2010 reserve and resource statement
East East EstrellaEstrellaGeophysics
Other Exploration & Development ProjectsAdvancing Satellite Projects Up the Development Pipeline
p yDeveloping drill targetsDrilling expected to commence in Q1-2010
Las Las CarbonerasCarbonerasEarly stage explorationSurface geochemM i
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MappingEl El HalconHalcon, El , El JaspeJaspe, and El , and El RealitoRealito
Undergoing complete re-evaluationAdditional drilling at El Halcon in Q1-2010
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Proven and Probable Reserves at December 31, 20081,2
ProbableProbable Proven & ProbableProven & ProbableProvenProvenG dG dTT C i dC i d G dG dTT C i dC i d G dG dTT C i dC i d
El Victor Pit 2,347 1.09 82,432 2,725 0.99 87,082 5,072 1.04 169,514
Existing Stockpiles
2,059 2.36 156,363 - - - 2,059 2.36 156,363
Total 11,800 1.71 648,814 35,854 1.21 1,396,940 47,654 1.35 2,045,754
1. Reserve cut-off is determined as a net of process value of $0.10 per tonne, for each model block. The determination was based on a $700 per ounce gold price, a February 2009 recovery model, and November 2008 actual cost figures from current mining operations.The Company’s reserves as at December 31, 2008 are classified in accordance with the Canadian Institute of Mining Metallurgy and Petroleum’s
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2. The Company s reserves as at December 31, 2008 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 National Instrument 43-101 (“NI 43-101”) requirements.
Resources at December 31, 2008Exclusive of Reserves