Alamos Gold Inc.

Nous vous remercions de bien vouloir patienter. La conférence débutera sous peu. Nous vous prions de bien vouloir attendre quelques instants et nous vous remercions de patienter. This conference is being recorded. Cette conférence est enregistrée. All participants, please stand by. Your conference is ready to begin. Good morning. I'll now turn the call over to Scott Parsons, Alamosa's Senior Vice President of Corporate Development and Investor Relations. Please go ahead.

Thank you, operator, and thanks to everyone for attending Alamosa's fourth quarter 2024 conference call. In addition to myself, we have on the line today John McCluskey, President and Chief Executive Officer, Greg Fischer, Chief Financial Officer, Luke Guimond, Chief Operating Officer, and Scott RG Parsons, our Vice President of Exploration. 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 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 unless otherwise noted. Now, John, we'll provide you with an overview of the quarter.

Thank you, Scott. 2024 was a year of accomplishments for Alamos. We acquired the Maginot Mine adjacent to our high-grade island gold operation, a key step towards creating one of Canada's largest and lowest-cost gold mines. We expanded into Quebec through the acquisition of a highly prospective Kikovic project, and we continued advancing our high-return, self-funded organic growth initiatives. Alamos has also had a record operational and financial year, including record revenue, cash flow from operations, and free cash flow. Production increased 7% to 567,000 ounces, meeting full-year guidance, which was increased subsequent to the Megino acquisition. We also set a new record for annual production for the second consecutive year. Our costs were also in line with guidance, and combined with a robust gold price, we generated a record-free cash flow of $272 million, This strong financial performance was net of funding for the Phase III expansion and a substantial exploration program. With ongoing free cash flow, $327 million in cash, and total liquidity of over $800 million, we remain well positioned to internally fund one of the best growth profiles in the sector. Turning to slide four. In January, we released our three-year guidance outlining 7% production growth in 2025 to approximately 605,000 ounces. This production growth is expected to continue into 2026 and to approximately 700,000 ounces into 2027. This represents 24% production growth over the next three years, with all-in sustaining costs expected to decrease 8% over the same timeframe driven by low-cost growth and the completion of Phase 3 expansion at Island Gold. Lynn Lake is another key part of our growth plan, having announced a construction decision last month. With development activities ramping up this quarter, we expect initial production in the first half of 2028. The completion of the Lynn Lake project is expected to drive annual production to approximately 900,000 ounces per year, with a further decrease in costs. longer term we see excellent potential to expand the island gold district further taking consolidated annual production closer to 1 million ounces all of this growth is in canada it's all fully funded and it is all lower cost driving substantial free cash growth for free cash flow growth in the years to come we made significant progress across our growth projects in 2024 At Island Gold, the shaft sink is approximately 75% complete, having reached a depth of 1,000 meters last week. The overall Phase III expansion is progressing well and remains on track for completion in the first half of 2026. In September, we released the results of an internal economic study on the PDA project, highlighting an attractive, low-cost, high-return project that will extend the mine life of the Mulatto District until at least 2035. With approval of the amended environmental permit received in January, we expect to ramp up construction activities towards the middle of this year, with first production expected in mid-2027. Last week we released the results of an internal economic study on the burnt timber and liquid deposits, outlining another low-capital, high-return project. As satellite deposits to the Lynn Lake project, burnt timber and liquid are expected to significantly extend the mine life of Lynn Lake, support higher longer-term rates of production, and enhance already strong economics. As outlined earlier this week, we had another year of tremendous exploration success, with our global reserve increasing 31% to 14 million ounces, marking the sixth consecutive year of growth. This reflected the acquisition of Maginot and the initial reserve at Burden Timber and Linquid, and another year of substantial high-grade additions at Island Gold. Combined reserves and resources at Island Gold increased 9% to 6.7 million ounces and at significantly higher grades. This growth will be incorporated into the Island Gold District Life of Mine Plan to be released in mid-2025, and expansion study in the fourth quarter. Given the significant increase in grades, the phase three study was completed in, since the phase three study was completed in 2022, we expect this to support higher rates of production over the longer term. I'll now turn the call over to our CFO, Greg Fischer, to review our financial performance. Greg?