Alamos Gold Inc.

Good morning. I would now like to turn the meeting over to Mr. Jamie Porter, Chief Financial Officer. Please go ahead.

Thank you, operator, and apologies to everyone on the line. We're a few minutes late getting started, given some issues with the operator there, but we're ready to go now. Thank you for attending Alamo's first quarter 2021 conference call. In addition to myself, we have on the line today both John McCluskey, our President and CEO, and Peter McPhail, our COO. We will be referring to a presentation during the conference call that is available through the webcast and on our website. I would also like to remind everyone that our presentation will be followed by a Q&A session. As we will be making forward-looking statements during the call, please refer to the cautionary notes included in the presentation, news release, and MD&A, as well as the risk factors set out in our annual information form. Technical information in this presentation has been reviewed and approved by Chris Boswick, our Vice President of Technical Services, and a qualified person. Also, please keep in mind that all the dollar amounts mentioned in this conference call are in United States dollars unless otherwise noticed. And with that, I'll turn it over to John to provide you with an overview.

Thank you, Jamie. We've had a solid start to the year, producing 125,800 ounces of gold in the first quarter at total cash costs of $757 per ounce and all in sustained costs of $1,030 per ounce. Our costs were in line with guidance, while production exceeded the high end of our first quarter guidance. This was driven by particularly strong performances at Island Gold, which set another quarterly record for production, and Young-Davidson, which exceeded its targeted underground mining rates, achieving a new record. We remained well positioned to meet our full year production and cost guidance. This drove another good quarter financially. Operating cash flow of 120 million increased 46% from a year ago, supporting strong, ongoing free cash flow, even with the ramp-up of development activities at Liyaki Grande and the Phase 3 expansion at Island Gold. Looking at slide four, this past week we announced we'll be filing a $1 billion investment treaty claim against the Republic of Turkey for expropriation and unfair and inequitable treatment. with respect to our Turkish development projects. It's been 18 months since our mining license expired. We've received all permits required to build Karazli. We were well into construction, and we've met all legal and regulatory requirements for the renewal of our licenses. We've attempted to work cooperatively with the Turkish government, yet we've not received a reason for the non-renewal, nor have we received a timeline for when our licenses will be renewed. We're optimistic that the arbitration process will bring about a positive resolution. Now looking at slide five, we continue to advance our strong pipeline of North American growth projects. Development activities are ramping up on the phase three expansion at Island Gold, where we recently announced a one million ounce increase in high-grade reserves and resources. This growth and ongoing exploration success highlight significant upside potential to the already attractive economics outlined in the Phase 3 expansion study published last year. Construction activities at Liyaki Grande continue to ramp up with the project on track to begin low-cost production in the third quarter of 2022. Permitting at Lynn Lake is advancing and expected to be completed around the middle of next year, putting us in a position to make a construction decision in the latter part of 2022. We've had good exploration success over the past few years, we've increased reserves by 27% to 2.1 million ounces. We see excellent further potential around the existing deposit and regionally across an 80 kilometer long greenstone belt that we have consolidated. We're ramping up our exploration effort accordingly. These projects are all key components of our strong outlook with 50% production growth potential for approximately 750,000 ounces per year by 2025. at significantly lower all-in sustaining costs of around $800 per ounce. This will support substantial free cash flow growth over the long term. In the meantime, we can more than fund this growth internally while continuing to generate strong, ongoing free cash flow and support our recently increased dividend. I'll now turn the call over to our CFO, Jamie Porter, to review our financial performance.