Alamos Gold Inc.

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

Thank you, operator, and thank you to everyone for attending Alamosa's first quarter 2022 conference call. In addition to myself, we have on the line today both John McCluskey, our President and CEO, and Peter McPhail, Chief Operating Officer. 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 question and answer 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 Senior Vice President of Technical Services, and a qualified person. Also, please bear in mind that all of the dollar amounts mentioned in this conference call are in U.S. dollars and less otherwise noted. Now I'll turn it over to John to provide you with an overview of the quarter.

Thank you very much, Jamie, and very good morning to everyone. We'll start with slide three. We produced 99,000 ounces of gold in the first quarter in line with guidance. Young-Davidson had another solid quarter with average mining rates exceeding the design rate, offsetting planned lower production from Milatos. As with production, our costs were consistent with first quarter guidance and both are expected to improve through the year. We expect higher grades from Island Gold to contribute to stronger production in the second quarter and Layaki Grande to drive a more significant increase in production and decrease in cost in the second half of the year. We remain well positioned to meet our full year guidance and with higher production, lower costs and lower capital spending, we expect to transition to positive free cash flow in the second half of 2022. Now turning to slide four, We're advancing our growth initiatives and expect to deliver on several significant catalysts starting in the middle of 2022. At Island Gold, we achieved a key permitting milestone with the approval of the closure plan amendment in March, allowing us to ramp up construction activities on the phase three expansion. We held a groundbreaking ceremony earlier in April with key stakeholders, including the federal member of parliament, the provincial minister of northern development of mines, the Minister of Energy, Indigenous partners, and municipal representatives. As we ramp up construction activities, we are also working on an optimized mine plan to be released mid-year. Given the 37% increase in mineral reserves and resources since the Phase 3 expansion study was completed in 2020, including higher-grade additions in proximity to the planned shaft, We expect the new mine plan to highlight a significantly more valuable operation. Within the Mulatto District, Layaki Grande construction is more than 90% completed, and we expect to start stacking and leaching ore in June. With initial production expected in the third quarter, Layaki Grande will transform the Mulatto District, bringing higher production and significantly lower costs. Finally, at Lynn Lake, we continue to advance permitting and expect approval for the environmental impact statement in the second half of this year. Now moving to slide five. These catalysts are key components of our strong long-term outlook. We expect Layaki Grande and higher grades at Island Gold to drive our production closer to 500,000 ounces per year over the next few years, with all-in sustaining costs decreasing 18% to approximately $1,000 per ounce by 2024. following the completion of the Phase 3 expansion at Island Gold and with the development of Lynn Lake, we have the capacity to increase our production by 65% to approximately 750,000 ounces of gold per year at 30% lower all-in sustaining costs of $800 per ounce. We also have additional upside opportunities through the updated Phase 3 mine plan at Island Gold, as well as with the development of the new higher-grade PDA underground deposit at Mulatto's which we will be detailing later this year. We have a number of attractive growth opportunities and we control the pace of development. Island Gold is one of the highest grade and lowest cost mines in Canada and our most attractive growth asset. As our highest return and lowest risk investment, we will continue to prioritize allocating capital to the expansion at Island Gold. With our strong balance sheet and free cash flow generation returning in the second half of 2022, we can fund this growth internally while providing ongoing returns to shareholders through our dividend and share buybacks. I'll now turn the call over to our CFO, Jamie Porter, to review our financial performance.