Alamos Gold Inc.

All participants, thank you for standing by. The conference is ready to begin. Good morning. I would now like to turn the meeting over to Mr. Scott Parsons, Senior Vice President, Investor Relations. Please go ahead.

Thank you, Operator, and thanks to everybody for attending Alamos' first quarter 2023 conference call. In addition to myself, we have on the line today John McCluskey, President and Chief Executive Officer, Jamie Porter, Chief Financial Officer, Luc Guimond, Chief Operating Officer, and Greg Fisher, Senior Vice President of Finance. 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. As we will be making forward-looking statements during the call, please refer to 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 VP 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, unless otherwise noted. Now John will provide you with an overview.

Thank you, Scott. I'd like to welcome everyone to our calls. I'll start off by thanking Jamie Porter for his invaluable contribution to Alamos for nearly 20 years. Jamie joined Alamos in 2005 and has been our Chief Financial Officer since 2011. He's been instrumental, part of our leadership team, helping oversee our growth from a single operation to a diversified intermediate producer with financial discipline that has allowed us to maintain one of the strongest balance sheets in the sector. Jamie, on behalf of the entire team, We wish you continued success in your future endeavors. I also want to congratulate Greg Fisher on his promotion to Chief Financial Officer. Greg has been an integral part of our senior management team for the past 13 years. Over that time frame, Greg has led our finance team and helped instill the same financial discipline that has kept Alamos on the right track throughout its history. We're in excellent hands with Greg and look forward to his ongoing leadership and financial stewardship as we deliver on our strong outlook. Now starting with slide three, we had a strong start to the year with costs in line with annual guidance and production of 128,400 ounces, exceeding our first quarter guidance. This was driven by solid performances at all three operations, including an exceptional performance from Lyaki Grande in its third full quarter of operation. We are well on track to achieve our full year guidance. Revenues increased to a new quarterly record of $252 million, and cash flow from operations increased for the fourth consecutive quarter to $127 million. We also generated $11 million of free cash flow. This marked the fourth consecutive quarter of positive free cash flow, and we expect stronger results in the second quarter and on an ongoing basis over the next few years while we fund the Phase 3 expansion at Island Gold. Now turning to slide four, we continue to advance our various growth initiatives during the first quarter. The phase three plus expansion is progressing well, with the hoist house now up and the callaway to be used for the shot sink now on site. We also announced the acquisition of Manitou Gold, which will more than triple our land package adjacent to and a long strike from Island Gold, significantly adding to the regional exploration potential. Additionally, we achieved a significant permitting milestone at our Lynn Lake project with the approval of its environmental impact statement. We expect to have an updated feasibility study completed on Lynn Lake towards the middle of the year. We also expect to complete a development plan for the Puerto de Lari deposit in the latter part of the year, which will incorporate results from an expanded exploration program currently underway. We've already defined one million ounces of higher-grade reserves and resources at PDA over the past two years and see excellent potential for that growth to continue, supporting what we expect will be a significant mine life extension at Mulatto's. Now turning to slide five. These projects are all contributors to our strong short and long-term outlook. We are expecting a 9% increase in production this year to approximately 500,000 ounces and a 17% decrease in our all-in sustaining costs to approximately $1,000 per ounce by 2025. The completion of the Island Gold Phase 3 expansion in 2026 will be a game changer for the operation and the company and will grow our annual production to over 600,000 ounces per year and further reduce our costs. Longer term, we have the capacity to increase our annual production to approximately 800,000 ounces per year through the development of our Lynn Lake project. Over to slide 6. As we continue to demonstrate, we can fund this growth while generating solid, ongoing free cash flow. At current gold prices, we expect to be generating well over $100 million in free cash flow per year while funding the Phase 3 expansion, and that will grow considerably once the expansion is completed in 2026. I'll now turn the call over to our CFO, Jamie Porter, for the final time, to review our financial performance.