(TSX:AGI; NYSE:AGI) (“Alamos” or the “Company”) today reported its financial results for the quarter ended March 31 “We produced 125,000 ounces in the first quarter meeting the low end of quarterly guidance with a solid performance from Island Gold offset by a slower ramp up of the Magino mill as well as lower production from Young-Davidson Both operations have demonstrated a significant improvement in April and we expect this to contribute to stronger production and lower costs in the second quarter With a further increase in production and decrease in costs expected in the second half of the year we remain on track to achieve our full year production guidance,” said John A “We expect this improvement to continue over the next several years through our portfolio of high-return The Phase 3+ Expansion continues to track well for completion in 2026 and with construction activities ramping up on Lynn Lake and PDA this year we expect steady growth over the next several years towards a run rate of 900,000 ounces per year we see excellent potential to grow production to one million ounces per year through a further expansion of the Island Gold District and it’s all fully funded providing one of the strongest outlooks in our sector,” Mr First Quarter 2025 Operational and Financial Highlights (1) Refer to the “Non-GAAP Measures and Additional GAAP Measures” disclosure at the end of this press release and associated MD&A for a description and calculation of these measures (1) Cost of sales includes mining and processing costs (2) Refer to the “Non-GAAP Measures and Additional GAAP Measures” disclosure at the end of this press release and associated MD&A for a description and calculation of these measures.(3) Sustaining finance leases at Island Gold District are not included as additions to mineral property plant and equipment in cash flows used in investing activities.(4) Cash and cash equivalents in the comparatives reflect the balance as at December 31 2024.(5) Average realized gold price during the first quarter of 2025 included the delivery of ounces into the gold prepayment facility based on the prepaid price of $2,524 per ounce.(6) Comparative prior year period figures do not include the Magino mine as the acquisition of the Magino mine was completed on July 12 (1) Cost of sales includes mining and processing costs and amortization expense.(2) Refer to the “Non-GAAP Measures and Additional GAAP Measures” disclosure at the end of this press release and associated MD&A for a description and calculation of these measures.(3) For the purposes of calculating mine-site all-in sustaining costs the Company does not include an allocation of corporate and administrative expense and corporate share-based compensation expense.(4) Includes capitalized exploration at Island Gold District of $3.9 million for the three months ended March 31 2025 ($3.5 million for the three months ended March 31 (5) Includes capitalized exploration at Young-Davidson of $2.0 million for the three months ended March 31 2025 ($1.0 million for the three months ended March 31 2024).(6) Includes capitalized exploration at Mulatos District of $0.7 million for the three months ended March 31 2025 ($1.9 million for the three months ended March 31 2024).(7) The Island Gold District includes Island Gold and Magino mines for the three months ended March 31 Comparative prior year period figures do not include the Magino mine 2024.(8) The Mulatos District includes Mulatos and La Yaqui Grande mines.(9) Sustaining capital expenditures for Island Gold District include certain finance leases classified as sustaining Social and Governance Summary Performance with a strong safety culture where everyone is continually reminded of the importance of keeping themselves and their colleagues healthy and injury-free The Company’s overarching commitment is to have all employees and contractors return Home Safe Every Day Two minor reportable events occurred during the first quarter a minor spill of process water occurred within the paste plant which was promptly contained and recovered preventing it from entering the surrounding environment The second reportable incident involved a supplier's equipment malfunction during the transfer of natural gas tanks Both incidents were promptly reported to regulators The Company is committed to preserving the long-term health and viability of the natural environment that surrounds its operations and projects This includes investing in new initiatives to reduce the Company's environmental footprint with the goal of minimizing the impacts of its activities medical support and infrastructure investments were provided to local communities The Company believes that excellence in sustainability provides a net benefit to all stakeholders The Company continues to engage with local communities to understand local challenges and priorities Ongoing investments in local infrastructure cultural and community programs remain a focus of the Company The Company maintains the highest standards of corporate governance to ensure that corporate decision-making reflects its values including the Company’s commitment to sustainable development (1) Frequency rate is calculated as incidents per 200,000 hours worked (1) Refer to the "Non-GAAP Measures and Additional GAAP" disclosure at the end of this press release and associated MD&A for a description of these measures.(2) For the purposes of calculating mine-site all-in sustaining costs at individual mine sites the Company does not include an allocation of corporate and administrative expense and corporate share-based compensation expenses to the mine sites (3) Cost of sales includes mining and processing costs and is calculated based on the mid-point of total cash cost guidance.The Company’s objective is to operate a sustainable business model that supports growing returns to all stakeholders over the long-term This includes a balanced approach to capital allocation focused on generating strong ongoing free cash flow while re-investing in high-return internal growth opportunities and supporting higher returns to shareholders the Company provided three-year production and operating guidance which outlined growing production at declining costs over the next three years Refer to the Company’s guidance press release for a summary of the key assumptions and related risks associated with the comprehensive 2025 guidance and three-year production The Company's cost and capital guidance does not factor any potential impact from tariffs introduced by the United States on imports from countries including Canada and Mexico or potential retaliatory tariffs on imports from the United States The Company does not expect its revenue structure will be impacted by the tariffs as its gold production is refined in Canada or Europe The Company’s cost structure predominantly relates to input costs which are not expected to be directly affected by the tariffs The Company will continue to monitor developments and may take steps to limit the impact of any tariffs as may be appropriate in the circumstances First quarter production of 125,000 ounces was in-line with the low end of quarterly guidance with a solid quarter from Island Gold offsetting lower production from Young-Davidson and Magino Following the implementation of a number of optimization initiatives within the Magino mill during the second half of 2024 the operation demonstrated significant improvements in the latter portion of the first quarter This progress has continued into the second quarter with milling rates averaging approximately 9,500 tonnes per day ("tpd") in the last two weeks of April with further improvement expected in May Higher milling rates at Magino along with increased grades at Young-Davidson and La Yaqui Grande are expected to drive stronger production in the second quarter of between 135,000 and 150,000 ounces A more significant increase in production is expected into the second half of 2025 driven by higher grades and mining rates at Island Gold The Company remains on track to achieve annual production guidance of between 580,000 and 630,000 ounces Reflecting the expected stronger performance moving forward the Company expects AISC to decrease approximately 20% in the second quarter with further decreases the remainder of the year The Company is monitoring its full year cost guidance given higher share-based compensation and royalty costs compared to guidance which are impacted by factors outside of the Company's control the Company remains confident with its full year cost guidance The Company's pipeline of high-return organic growth projects Lynn Lake and PDA all continue to advance supporting one of the strongest growth profiles in the sector The Phase 3+ Expansion remains on track to be completed during the first half of 2026 driving further production growth at lower costs in 2026 The shaft sink has advanced to a depth of 1,154 metres (“m”) as of late April and remains on track to reach the ultimate planned depth of 1,373 m in the third quarter The integration of the Magino and Island Gold operations continues to progress with the transition to processing Island Gold ore through the larger and more efficient Magino mill expected to be completed in early May 2025 This is expected to drive significant operating cost synergies starting in the second quarter of 2025 with further improvements in 2026 upon completion of the Phase 3+ Expansion Production is expected to increase further to a range of 680,000 to 730,000 ounces in 2027 driven by additional low-cost growth from Island Gold A further increase in production and decrease in costs is expected into 2028 with the startup of production from Lynn Lake With average annual production of 176,000 ounces over its first 10 years at first quartile mine-site AISC Lynn Lake is expected to increase consolidated production to approximately 900,000 ounces per year there is excellent potential to increase consolidated production to approximately one million ounces per year through a further expansion of the Island Gold District This is supported by the large Mineral Reserve and Resource base at Island Gold and Magino and significant ongoing growth in higher grade Mineral Reserves at Island Gold An expansion study is currently underway and is expected to be completed during the fourth quarter of 2025 Capital spending in 2025 will be focused on the ramp up of construction activities at Lynn Lake and PDA as well as the final full year of spending at the Phase 3+ Expansion Capital spending is expected to increase modestly into 2026 with lower capital at the Island Gold District offset by the ramp up in spending on Lynn Lake and PDA capital spending is expected to decrease 27% relative to 2026 driven by significantly lower capital at the Island Gold District A further decrease in capital is expected in 2028 with the completion of construction of Lynn Lake The global exploration budget for 2025 is $72 million a 16% increase from $62 million spent in 2024 and the largest in the Company's history reflecting broad based exploration success across its assets The Company continues to demonstrate its long-term track record of value creation through exploration with Global Mineral Reserves increasing 31% in 2024 to 14.0 million ounces (298 mt grading 1.45 g/t Au) This reflected an initial Mineral Reserve at Burnt Timber and Linkwood tremendous ongoing exploration success at Island Gold Mineral Reserves have now increased for six consecutive years for a cumulative increase of 44% over that time frame the Company's cash flow during 2025 will be impacted by the planned delivery of 49,384 ounces into the gold prepayment facility The ounces will be delivered monthly in 2025 (4,115 ounces per month) and recorded as revenue based on the prepaid price of $2,524 per ounce There will be no cash flow associated with the delivery of these ounces in 2025 The Company delivered 12,346 ounces in the first quarter representing 25% of the gold prepayment facility The Company remains well positioned to fund its high-return growth projects internally with strong ongoing free cash flow $289.5 million of cash and cash equivalents at the end of the first quarter of 2025 the Company expects to generate strong free cash flow through the remainder of 2025 while funding its growth projects with a significant increase in free cash flow expected following the completion of the Phase 3+ Expansion in 2026 Island Gold District Financial and Operational Review and amortization.(2) Refer to the “Non-GAAP Measures and Additional GAAP Measures” disclosure at the end of this press release and associated MD&A for a description and calculation of these measures (3) For the purposes of calculating mine-site all-in sustaining costs the Company does not include an allocation of corporate and administrative expense and corporate share-based compensation expense (4)  Grams per tonne of gold ("g/t Au").(5) Mine-site free cash flow does not include lease payments which are classified as cash flows used in financing activities on the condensed interim consolidated financial statements (6) Comparative prior year period figures do not include the Magino mine 2024.(7) Includes ore stockpiled during the quarter (8) Total waste mined includes operating waste and capitalized stripping The Island Gold District produced 59,200 ounces in the first quarter of 2025 driven by the inclusion of the Magino mine as well as an increase in tonnes and grades processed from Island Gold Underground mining rates averaged 1,225 tpd in the first quarter Grades mined averaged 11.50 g/t Au in the first quarter 9% higher than in the prior year period and consistent with annual guidance Mill throughput averaged 1,212 tpd and mill recoveries averaged 98% during the first quarter Mining rates averaged 50,122 tpd during the first quarter slightly lower than planned for the first quarter mining rates were focused on waste stripping activities Mining rates have subsequently improved to average over 15,000 tpd of ore in April Mill throughput increased 8% from the fourth quarter to average 7,235 tpd in the first quarter Grades processed during the first quarter of 0.86 g/t Au were slightly below the low-end of annual guidance but are expected to increase to be consistent with guidance for the remainder of the year Milling rates were lower than planned due to restricted ore flow through the crushing and conveying circuit This was caused by deficiencies in the initial ore flow design for winter conditions which created blockages within the feeders and undersized transfer chutes The chutes were expanded during the quarter and combined with the various optimization activities undertaken in the second half of 2024 milling rates increased substantially towards the end of the quarter averaging 8,200 tpd in March This improvement has continued into April with milling rates averaging approximately 9,500 tpd in the last two weeks of April with further improvement expected in May In advance of the transition to processing Island Gold ore through the Magino mill approximately 8,000 tonnes of high grade ore from Island Gold was blended with Magino ore and processed through the Magino mill in April Reflecting the increased milling rates at Magino significant improvement in the consistency of the operation Island Gold's mill is expected to be shut down in early May following which ore from Island Gold will be trucked and processed through the larger and more cost-effective Magino mill Revenues of $152.0 million in the first quarter were 114% higher than the prior year period driven by higher realized gold prices and an increase in ounces sold given the acquisition of Magino in mid 2024 Cost of sales of $79.5 million in the first quarter were 138% higher than the prior year period due to the increase in ounces sold cost of sales were 52% higher for the first quarter compared to the prior year period due to the inclusion of relatively higher cost ounces from Magino Total cash costs were $1,068 per ounce in the first quarter above the annual guidance range and driven by lower grades processed at Magino and higher unit costs given lower mill throughput Mine-site AISC were $1,446 per ounce in the first quarter also higher than the annual guidance range Costs are expected to trend lower through the remainder of the year as milling rates increase at Magino and mining rates gradually increase at Island Gold and Magino both driving lower unit operating costs for the district Total capital expenditures were $72.3 million in the first quarter including $48.6 million of growth capital and $3.9 million of capitalized exploration Growth capital spending remained primarily focused on the Phase 3+ Expansion The shaft sink advanced to a depth of 1,154 m at the end of April and is scheduled to be completed in the third quarter of 2025 bulk earthworks commenced for the expansion of the Magino mill to 12,400 tpd The expansion of the Magino mill is expected to be completed by mid-2026 to coincide with the completion of the Phase 3+ Expansion at Island Gold Mine-site free cash flow was $18.9 million for the first quarter net of the significant capital investment related to the Phase 3+ Expansion and exploration the Island Gold District is expected to continue self funding the Phase 3+ Expansion The operation is expected to generate significant free cash flow from 2026 onward after the completion of the expansion Young-Davidson Financial and Operational Review royalties and amortization.(2) Refer to the “Non-GAAP Measures and Additional GAAP Measures” disclosure at the end of this press release and associated MD&A for a description and calculation of these measures (3) For the purposes of calculating mine-site all-in sustaining costs Young-Davidson produced 35,400 ounces of gold in the first quarter 12% lower than the prior year period due to lower tonnes mined partially offset by higher grades processed and recovery rates Mining rates averaged 6,762 tpd in the first quarter below annual guidance of 8,000 tpd and an 8% decrease compared to the prior year period This reflected lower production drilling and scoop availability which impacted stope productivity and the mining sequence Production drilling metres and scoop availability improved throughout the quarter with mining rates returning to planned levels of 8,000 tpd in March and April and are expected to remain at similar rates through the rest of the year Milling rates averaged 6,658 tpd in the first quarter 9% lower than the prior year period as a result of lower underground mining rates 4% higher than the prior year period and consistent with the low-end of full year guidance Grades mined are expected to increase in the second quarter and combined with higher mining and processing rates this is expected to drive stronger production in the second quarter and through the remainder of the year Mill recoveries averaged 91% for the first quarter Revenues increased to $101.2 million in the first quarter Cost of sales were $65.1 million in the first quarter Total cash costs of $1,350 per ounce and mine-site AISC of $1,655 per ounce in the first quarter were higher than the prior year period primarily due to higher unit costs given the lower mining and processing rates Costs are expected to decrease through the remainder of the year reflecting higher mining rates and grades Capital expenditures in the first quarter totaled $18.8 million including $10.7 million of sustaining capital and $6.1 million of growth capital $2.0 million was invested in capitalized exploration during the quarter Young-Davidson continues to generate strong ongoing mine-site free cash flow including $39.2 million in the first quarter Young-Davidson has generated over $100 million in annual mine-site free cash flow for four consecutive years The operation is well positioned to generate similar free cash flow in 2025 and over the long-term Mulatos District Financial and Operational Review (2) Refer to the “Non-GAAP Measures and Additional GAAP Measures” disclosure at the end of this press release and associated MD&A for a description and calculation of these measures The Mulatos District produced 30,400 ounces in the first quarter 51% lower than the prior year period due to the planned stacking of lower grades at La Yaqui Grande Production is expected to increase sequentially through the remainder of the year reflecting the stacking of higher grades La Yaqui Grande produced 20,700 ounces in the first quarter Grades stacked averaged 0.75 g/t Au for the first quarter consistent with the low-end of annual guidance grades stacked are expected to increase through the year from the low end of guidance in the first quarter to the high end by the fourth quarter Stacking rates were 11,400 tpd in the first quarter The recovery rate of 84% in the first quarter was consistent with the annual guidance range of 70% to 90% Mulatos commenced residual leaching in December 2023 and produced 9,700 ounces in the first quarter The operation is expected to benefit from ongoing gold production at decreasing rates through the remainder of 2025 Revenues of $84.0 million in the first quarter were 32% lower than the prior year period partially offset by higher realized gold prices Cost of sales decreased to $50.6 million in the first quarter Total cash costs of $1,233 per ounce and mine-site AISC of $1,320 per ounce in the first quarter were higher than the prior year period primarily due to lower grades processed at La Yaqui Grande Costs are expected to decrease through the remainder of the year as higher grades are mined and processed Capital expenditures totaled $4.0 million in the first quarter including $0.6 million of sustaining capital and $0.7 million of capitalized exploration Growth capital spending of $2.7 million was primarily related to procurement and detailed engineering for PDA The Mulatos District generated mine-site free cash flow of $0.6 million in the first quarter primarily related to the 2024 income and mining taxes payable reflecting the profitability of the operation Cash tax payments are expected to decrease to average between $10 and $15 million per quarter for the remainder of the year The Mulatos District is expected to generate stronger mine-site free cash flow through the remainder of the year reflecting higher production the Company announced the Phase 3+ Expansion at Island Gold to 2,400 tpd from the current rate of 1,200 tpd which will involve various infrastructure investments as well as accelerated development to support the higher mining rates Following the completion of the expansion in 2026 the operation will transition from trucking ore and waste up the ramp to skipping ore and waste to surface through the new shaft infrastructure driving production higher and costs significantly lower the Company announced an update to the Phase 3+ Expansion with initial capital increased by approximately $40 million to $796 million a 5% increase from the initial capital estimate provided in 2022 The increase reflects inflation and scope changes since the Phase 3+ Expansion commenced in 2022 partially offset by synergies from the acquisition of Magino 75% of the total initial capital has been spent and committed on the project the Company spent $46.3 million on the Phase 3+ Expansion and capital development Progress on the Phase 3+ Expansion during the first quarter is summarized as follows: The Phase 3+ Expansion remains on schedule to be completed in the first half of 2026 Island Gold 1050L shaft station with galloway - March 2025 the Company announced a positive construction decision on the Lynn Lake project With the approval of the Closure Plan in January 2025 the required permitting and pre-construction conditions have been met allowing for the start of construction on the Lynn Lake project MCCN withdrew its application for judicial review of the positive Decision statement issued by the Minister of Environment and Climate Change Canada in respect of the Lynn Lake Project and its corresponding internal appeal of the Environment Act Licenses issued by the Province of Manitoba The Company now has IBA's in place with both of the First Nation communities proximate to the Lynn Lake project Alamos’ senior leadership team attended a groundbreaking ceremony at the end of March 2025 as well as representatives from the First Nations and local communities Construction activities began ramping up during the quarter with initial production expected during the first half of 2028 With average annual production of 176,000 ounces over its first ten years at first quartile mine-site AISC Growth capital spending at Lynn Lake is expected to be between $100 million and $120 million in 2025 and will be focused on access road upgrades Construction activities and capital spending are expected to increase in 2026 and 2027 with first gold production expected in the first half of 2028 Total initial capital for Lynn Lake was estimated to be $632 million in the 2023 Study based on input costs as of the fourth quarter of 2022 Given ongoing industry-wide labour and materials inflation which has averaged close to 5% per year since the end of 2022 initial capital is expected to increase by approximately 10% the Company reported positive results of an internal economic study completed on its Burnt Timber and Linkwood satellite deposits located in proximity to the Lynn Lake project The 2023 Study for Lynn Lake was based only on the Gordon and MacLellan deposits which are to be mined over the first 11 years with the processing of lower grade stockpiled ore for the remainder of the 17-year mine life The Burnt Timber and Linkwood deposits are expected to provide a source of additional mill feed to the Lynn Lake project starting in year 12 deferring the lower grade stockpiles until later in the mine plan This is expected to extend the mine life of the combined Lynn Lake project to 27 years and enhance its economics as a low-capital The two deposits are expected to have an average annual production of 83,000 ounces of gold over a 10 year mine life By leveraging mining equipment and planned processing infrastructure at Lynn Lake the project is expected to be developed for low initial capital of $67 million This is expected to contribute to high returns for the Burnt Timber and Linkwood satellite deposits and after-tax NPV (5%) of $177 million at a base case gold price assumption of $2,200 per ounce and CAD/USD foreign exchange rate of $0.75:1 At a gold price of $2,800 per ounce and CAD/USD foreign exchange rate of $0.70:1 returns increase to an after-tax IRR of 83% and after-tax NPV (5%) of $292 million Development spending (excluding exploration) was $6.7 million in the first quarter of 2025 Development spending is expected to ramp up throughout the year Lynn Lake ground breaking ceremony - March 2025 the Company reported the results of the development plan for the PDA project located within the Mulatos District PDA is a higher-grade underground deposit adjacent to the Mulatos open pit and will benefit from the use of existing crushing infrastructure from Cerro Pelon supporting lower initial capital and project execution risk the Company announced it has been granted approval of an amendment to its existing MIA by SEMARNAT allowing for the start of construction on the PDA project Construction activities on PDA are expected to begin ramping up toward the middle of 2025 Capital spending on PDA is expected to total $37 to $40 million in 2025 to advance underground development and procurement of mill long lead time items The remainder of the total initial capital estimate of $165 million will be spent in 2026 and 2027 with first production anticipated mid-2027 PDA is expected to produce an average of 127,000 ounces per year over the first four years and 104,000 ounces over the current mine life (based on Mineral Reserves as at December 31 Total cash costs are expected to average $921 per ounce and mine-site AISC $1,003 per ounce consistent with the Company’s overall low cost structure Reflecting the low cost structure and low initial capital PDA is expected to be a high-return project with significant exploration upside PDA has an estimated after-tax IRR of 46% and after-tax NPV (5%) of $269 million using base case gold price assumption of $1,950 per ounce and a MXN/USD foreign exchange rate of 18:1 and after-tax NPV (5%) increases to $492 million Development spending (excluding exploration) was $2.7 million in the first quarter of 2025 primarily on detailed engineering and refurbishing the crushing equipment from Cerro Pelon Spending on PDA is expected to progressively increase throughout the year with underground development commencing in the second half of the year the Company suspended all construction activities on its Kirazlı project following the Turkish government's failure to grant a routine renewal of the Company’s mining licenses despite the Company having met all legal and regulatory requirements for their renewal the Turkish government refused the renewal of the Company’s Forestry Permit The Company had been granted approval of all permits required to construct Kirazlı including the Environmental Impact Assessment approval and GSM (Business Opening and Operation) permit and certain key permits for the nearby Ağı Dağı and Çamyurt Gold Mines These permits were granted by the Turkish government after the project earned the support of the local communities and passed an extensive multi-year environmental review and community consultation process the Company announced that its Netherlands wholly-owned subsidiaries Alamos Gold Holdings Coöperatief U.A (the “Subsidiaries”) would be filing an investment treaty claim against the Republic of Türkiye for expropriation and unfair and inequitable treatment The claim was filed under the Netherlands-Türkiye Bilateral Investment Treaty (the “Treaty”) had their claim against the Republic of Türkiye registered on June 7 2021 with the International Centre for Settlement of Investment Disputes (World Bank Group) Bilateral investment treaties are agreements between countries to assist with the protection of investments The Treaty establishes legal protections for investment between Türkiye and the Netherlands The Subsidiaries directly own and control the Company’s Turkish assets The Subsidiaries invoking their rights pursuant to the Treaty does not mean that they relinquish their rights to the Turkish project The Company will continue to work towards a constructive resolution with the Republic of Türkiye The Company incurred $1.1 million in the first quarter of 2025 related to ongoing care and maintenance and arbitration costs to progress the Treaty claim A total of $27 million is budgeted for exploration at the Island Gold District in 2025 The exploration program will build on the success from 2024 with high-grade gold mineralization extended across the Island Gold deposit as well as within multiple structures within the hanging wall and footwall Mineral Reserves increased 32% to 2.3 million ounces with grades increasing 11% to 11.40 g/t Au (6.2 mt) This marked the 12th consecutive year of Mineral Reserve growth Inferred Mineral Resources increased 2% to 3.8 million ounces with grades also increasing 13% to 16.52 g/t Au (7.1 mt) Consistent with the increase in Mineral Reserve grades a key driver of the increase in Mineral Resource grades has been significantly higher-grade additions in the lower portions of Island East and Island Main where 324,000 ounces were added With the deposit open laterally and at depth and some of best intercepts ever drilled at Island Gold located within the lower portion of Island East there is excellent potential for further growth in Mineral Reserves and Resources The discovery cost of the high-grade Mineral Resource additions averaged an attractive $13 per ounce in 2024 and $13 per ounce over the past five years a total of 41,500 m of underground drilling is planned in 2025 with a focus on defining new Mineral Reserves and Resources in proximity to existing production horizons and infrastructure This includes drilling across the strike extent of the main Island Gold deposit (E1E and C-Zones) as well as within a growing number of newly defined hanging-wall and footwall zones 18,000 m of surface exploration drilling has been budgeted targeting the area between the Island Gold and Magino deposits as well as the down-plunge extension of the Island Gold deposit 30,800 m of underground delineation drilling is planned and focused on the conversion of the large Mineral Resource base to Mineral Reserves Magino’s exploration program has been incorporated into the broader Island Gold District budget which totals $27 million The focus in 2025 will be expanding mineralization to the east of the pit which was previously constrained by the border with Island Gold prior to the acquisition Included within 2025 sustaining capital guidance is 18,000 m of surface delineation drilling planned at Magino The focus of the delineation drilling is the conversion of the large Mineral Resource base to Mineral Reserves The regional exploration program at the Island Gold District includes 10,000 m of surface drilling The focus will be following up on high-grade mineralization intersected at the Cline and Edwards deposits located approximately seven km northeast of the Island Gold mine Drilling will also be completed at the Island Gold North Shear target and to the east and along strike from the Island Gold mine to test the extension of the E1E-zone 8,504 m of underground exploration drilling was completed in 32 holes and 3,492 m of surface drilling was completed in six holes a total of 7,416 m of underground delineation drilling was completed in 26 holes focused on in-fill drilling to convert Mineral Resources to Mineral Reserves A total of 72 m of underground exploration drift development was also completed during the first quarter 7,664 m of surface drilling was completed in 16 holes during the first quarter The regional exploration drilling program also commenced in the first quarter with 854 m completed in three holes targeting mineralization at the past-producing Cline-Edwards Mines Total exploration expenditures during the first quarter of 2025 were $5.0 million A total of $11 million is budgeted for exploration at Young-Davidson in 2025 This includes 25,600 m of underground exploration drilling focused on extending mineralization in the syenite and continuing to evaluate and expand on the newly defined hanging wall zones 500 m of underground exploration development is planned including 400 m to establish a hanging wall exploration drift to the south This will allow for drill platforms with more optimal locations and orientations to test the higher grade mineralization discovered in the hanging wall The regional program includes 6,000 m of drilling focused on evaluating the Otisse NE target located approximately three km northeast of Young-Davidson A comprehensive data compilation project will also commence in 2025 for the Wydee and Matachewan projects which were acquired in the third quarter of 2024 and located to the west and east of Young-Davidson two underground exploration drills completed 5,290 m in ten holes from the 9305 and 9500 levels Drilling is targeting syenite-hosted mineralization as well as continuing to test mineralization in the hanging wall sediments and mafic-ultramafic stratigraphy Total exploration expenditures during the first quarter of 2025 were $3.0 million A total of $19 million is budgeted at Mulatos for exploration in 2025 down slightly from $21 million spent in 2024 The near-mine and regional drilling program is expected to total 45,000 m This includes 15,000 m of surface exploration drilling at the GAP-Victor and PDA Extension targets at PDA The regional exploration program includes 10,000 m of drilling focused on advanced and greenfield targets within the Mulatos District Ongoing exploration success at PDA in 2024 drove a 9% increase in Mineral Reserves to 1.1 million ounces with grades largely unchanged at 5.45 g/t Au PDA is a higher-grade underground deposit located adjacent to the main Mulatos pit The results of a positive internal economic study were announced in September 2024 and highlighted an attractive With the amendment to the environmental permit received earlier this year construction activities are expected to begin ramping up towards the middle of the year with first production anticipated mid-2027 The planned addition of a mill to process higher-grade sulphides has created new opportunities for growth within the Mulatos District where drilling in 2024 followed up on wide high-grade underground oxide and sulphide intersections previously drilled below the pit The 2024 program was successful in defining an initial Measured and Indicated Mineral Resource at Cerro Pelon totaling 104,000 ounces Cerro Pelon remains open in multiple directions and will be a focus of the 2025 exploration program as a significant opportunity for further growth As the deposit is located within trucking distance of the planned PDA mill exploration activities continued at PDA and the near-mine area with 2,390 m of drilling completed in nine holes The focus was on infill drilling the GAP-Victor portion as well as the eastern extent of the PDA zone Drilling also commenced at Cerro Pelon to evaluate the high-grade sulphide potential to the north of the historical open pit A total of 1,900 m in five holes were completed in the first quarter testing greenfield targets across the property A total of $4 million is budgeted for exploration at the Lynn Lake project in 2025 with the focus shifting to the ramp up of construction activities The exploration program includes 7,000 m of drilling focused on expanding Mineral Resources at the Burnt Timber and Linkwood deposits The Company will also continue prioritizing a pipeline of prospective exploration targets within the 58,000 ha Lynn Lake Property total Mineral Reserves for the Lynn Lake District increased 42% to 3.3 million ounces This was driven by the successful conversion of Mineral Resources to Reserves at Burnt Timber and Linkwood in 2024 resulting in an initial Mineral Reserve of 0.9 million ounces grading 0.95 g/t Au Burnt Timber and Linkwood are satellite deposits to the Lynn Lake project and are expected to provide additional mill feed An internal economic study on Burnt Timber and Linkwood was released on February 13 Burnt Timber and Linkwood are expected to extend the mine life of the Lynn Lake project The combined mine life of the Lynn Lake project is expected to increase to 27 years up from the 17 years outlined in the Lynn Lake Feasibility Study Surface exploration drilling in the first quarter focused on Mineral Resource expansion drilling at both Burnt Timber and Linkwood The drill program was completed at the end of the quarter Exploration spending totaled $1.9 million in the first quarter A total of $7 million has been budgeted for exploration at the Qiqavik project in 2025 The project was acquired in April 2024 through the acquisition of Orford Mining Corporation Qiqavik is a camp-scale property covering 60,400 ha in the Cape Smith Greenstone Belt in Nunavik The Qiqavik project covers 50 km of strike covering prospective gold hosting environments and several major crustal-scale structures such as the Qiqavik break and the Bergeron fault Early-stage exploration completed to date indicates that high-grade gold occurrences are controlled by structural splays off the Qiqavik break The 2025 exploration program will focus on drilling prospective targets identified in 2024 through detailed geological mapping and a high-resolution Lidar survey with photo imagery A total of 7,000 m of heli-supported surface drilling is planned with two rigs and focused on testing the highest priority target areas The program will also focus on advancing other targets across the belt with ongoing geological mapping Exploration activities in the first quarter were focused on ongoing data interpretation to support targeting ahead of the drill program which is expected to commence late in the second quarter Exploration spending totaled $0.3 million in the first quarter the Company sold 117,583 ounces of gold for operating revenues of $333.0 million representing a 20% increase from the prior year period The increase was due to higher realized gold prices and the inclusion of ounces at Magino given its acquisition in July 2024 partially offset by lower sales volumes at La Yaqui Grande due to planned stacking of lower grades Ounces sold were 6% lower than production in the quarter due to timing with the sale of these ounces to benefit future quarters The average realized gold price in the first quarter was $2,802 per ounce This was $57 per ounce less the London PM Fix price reflecting the delivery of the 12,346 ounces into the gold prepayment facility executed in July 2024 based on the prepaid price of $2,524 per ounce Cost of sales (which includes mining and processing costs and amortization expense) were $195.2 million in the first quarter primarily due to the inclusion of higher cost ounces from Magino cost of sales were $152.0 million which was 12% lower than the prior year period driven by lower ounces sold from other operations Key drivers of changes to cost of sales as compared to the prior year period were as follows: Mining and processing costs were $139.0 million 15% higher than the prior year period primarily due to the inclusion of ounces sold at Magino mining and processing costs were $109.5 million The decrease was primarily driven by lower ounces sold Total cash costs of $1,193 per ounce and AISC of $1,805 per ounce were above the prior year period driven by the higher costs per ounce at Young-Davidson and Magino and increased share-based compensation Given the 45% increase in the share price during the quarter the revaluation of previously issued share-based compensation increased AISC by approximately $210 per ounce compared to the prior year period and by approximately $230 per ounce compared to budget The other drivers of the increase in costs were lower mining rates at Young-Davidson and lower grades stacked at La Yaqui Grande Royalty expense was $4.8 million in the first quarter higher than the prior year period expense of $2.6 million due to the higher average realized gold price and inclusion of royalty expense from Magino Amortization of $51.4 million in the first quarter was consistent with the prior year period amortization of $437 per ounce was higher than the prior year period reflecting the inclusion of Magino which has a higher amortization base The Company recognized earnings from operations of $94.7 million in the first quarter the Company held forward contracts that were acquired as part of the acquisition of Argonaut totaling 100,000 ounces in 2026 and 50,000 ounces in 2027 have an average forward price of $1,821 per ounce and mature monthly throughout 2026 and 2027 The Company recognized unrealized losses of $68.4 million on the forward contracts inherited from Argonaut driven by the movement in gold price in the quarter The Company recognized unrealized losses of $1.5 million on gold option contracts in the prior year period The Company reported net earnings of $15.2 million in the first quarter compared to $42.1 million in the prior year period which included adjustment for unrealized loss on commodity hedge derivatives adjusted earnings reflect unrealized foreign exchange gains recorded within deferred taxes and foreign exchange gains totaling $2.5 million and other adjustments of $0.8 million Reminder of First Quarter 2025 Results Conference Call The Company's senior management will host a conference call on Thursday 2025 at 11:00 am ET to discuss the first quarter 2025 results Participants may join the conference call via webcast or through the following dial-in numbers: A playback will be available until June 1, 2025 by dialling (905) 694-9451 or (800) 408-3053 within Canada and the United States. The pass code is 8101878#. The webcast will be archived at www.alamosgold.com who is a qualified person within the meaning of National Instrument 43-101 ("Qualified Person") has reviewed and approved the scientific and technical information contained in this press release Alamos is a Canadian-based intermediate gold producer with diversified production from three operations in North America This includes the Island Gold District and Young-Davidson mine in northern Ontario the Company has a strong portfolio of growth projects including the Phase 3+ Expansion at Island Gold Alamos employs more than 2,400 people and is committed to the highest standards of sustainable development The Company’s shares are traded on the TSX and NYSE under the symbol “AGI” The TSX and NYSE have not reviewed and do not accept responsibility for the adequacy or accuracy of this release Cautionary Note Regarding Forward-Looking Statements         This release contains or incorporates by reference “forward-looking statements” and “forward-looking information” as defined under applicable Canadian and U.S outcomes or developments that the Company expects to occur are forward-looking statements and are based on expectations estimates and projections as at the date of this release identified by the use of forward-looking terminology such as "expect" “plan” or variations of such words and phrases and similar expressions or statements that certain actions occur or be achieved or the negative connotation of such terms guidance and expectations pertaining to: gold production; production potential; mining and production rates; gold grades; gold prices; foreign exchange rates; free cash flow NPV; total liquidity; returns to stakeholders; impacts of inflation and the implementation of any tariffs; mine plans; mine life; Mineral Reserve life; Mineral Reserves and Resources; exploration potential and projected results; funding of growth initiatives; the Company's approach to reduction of its environmental footprint and related investments in new initiatives; the Company's climate change strategy and goals; community relations and initiatives; corporate governance; synergies resulting from the integration of the Magino and Island Gold operations; processing of ore from Island Gold through the Magino mill; increases to production and decreases to costs resulting from the intended completion of the Phase 3+ Expansion at Island Gold; intended infrastructure investments in the Phase 3+ Expansion; Island Gold District Life of Mine Plan and Expansion Study; construction activities capital spending and timing of initial production with respect to the Lynn Lake project and the PDA project; initial underground Mineral Resource at Cerro Pelon; the Burnt Timber and Linkwood deposits near the Lynn Lake project; growing production and increases in profitability; the sale of Quartz Mountain to Q-Gold the total consideration payable under the transaction agreement and the expected timing of the closing of the transaction; as well as other general information as to strategy plans or future financial or operating performance production plans and expected sustainable productivity increases expected increases in mining activities and corresponding cost efficiencies sufficiency of working capital for future commitments and other statements that express management’s expectations or estimates of future plans and performance Alamos cautions that forward-looking statements are necessarily based upon a number of factors and assumptions that while considered reasonable by the Company at the time of making such statements are inherently subject to significant business political and competitive uncertainties and contingencies Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking statements and undue reliance should not be placed on such statements and information Risk factors that may affect Alamos’ ability to achieve the expectations set forth in the forward-looking statements in this document include but are not limited to: changes to current estimates of Mineral Reserves and Resources; changes to production estimates (which assume accuracy of projected ore grade recovery timing and recovery rate estimates which may be impacted by unscheduled maintenance labour and contractor availability and other operating or technical difficulties); operations may be exposed to illnesses epidemic or pandemic on the broader market and the trading price of the Company's shares; provincial and federal orders or mandates (including with respect to mining operations generally or auxiliary businesses or services required for the Company’s operations) in Canada the United States and Türkiye; the duration of any regulatory responses to any illness epidemic or pandemic; government and the Company’s attempts to reduce the spread of any illness epidemic or pandemic which may affect many aspects of the Company's operations including the ability to transport personnel to and from site contractor and supply availability and the ability to sell or deliver gold doré bars; fluctuations in the price of gold or certain other commodities such as and electricity; changes in foreign exchange rates (particularly CAD USD and Turkish lira); the impact of inflation and any tariffs trade barriers and/or regulatory costs; changes in the Company's credit rating; any decision to declare a quarterly dividend; employee and community relations; litigation and administrative proceedings (including but not limited to the investment treaty claim announced on April 20 2021 against the Republic of Türkiye by the Subsidiaries) and any resulting court or arbitral decision(s); disruptions affecting operations; availability of and increased costs associated with mining inputs and labour; delays with the Phase 3+ Expansion project at the Island Gold mine including the risks of obtaining and maintaining necessary licenses and permits authorizations and/or approvals from the appropriate regulatory authorities for the Company’s development stage and operating assets; labour and contractor availability (and being able to secure the same on favourable terms); contests over title to properties; expropriation or nationalization of property; inherent risks and hazards associated with mining and mineral processing including environmental hazards pressures and cave-ins; changes in national and local government legislation the United States and other jurisdictions in which the Company does or may carry on business in the future; increased costs and risks related to the potential impact of climate change; failure to comply with environmental and health and safety laws and regulations; disruptions in the maintenance or provision of required infrastructure and information technology systems; risk of loss due to sabotage protests and other civil disturbances; the impact of global liquidity and credit availability and the values of assets and liabilities based on projected future cash flows; risks arising from holding derivative instruments; and business opportunities that may be pursued by the Company The litigation against the Republic of Türkiye results from the actions of the Turkish government in respect of the Company’s projects in the Republic of Türkiye Such litigation is a mitigation effort and may not be effective or successful the Company’s projects in Türkiye may be subject to resource nationalism and further expropriation; the Company may lose any remaining value of its assets and gold mining projects in Türkiye and its ability to operate in Türkiye there is no certainty as to the quantum of any damages award or recovery of all or even retaining control of its assets and gold mining projects in Türkiye can only result from agreement with the Turkish government The investment treaty claim described in this release may have an impact on foreign direct investment in the Republic of Türkiye which may result in changes to the Turkish economy including but not limited to high rates of inflation and fluctuation of the Turkish Lira which may also affect the Company’s relationship with the Turkish government the Company’s ability to effectively operate in Türkiye and which may have a negative effect on overall anticipated project values Additional risk factors and details with respect to risk factors that may affect the Company’s ability to achieve the expectations set forth in the forward-looking statements contained in this release are set out in the Company's latest 40-F/Annual Information Form under the heading “Risk Factors” which is available on the SEDAR+ website at www.sedarplus.ca or on EDGAR at www.sec.gov The foregoing should be reviewed in conjunction with the information risk factors and assumptions found in this release The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information Indicated and Inferred Resources: All resource and reserve estimates included in this press release or documents referenced in this press release have been prepared in accordance with Canadian National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") and the Canadian Institute of Mining Metallurgy and Petroleum (the "CIM") - CIM Definition Standards on Mineral Resources and Mineral Reserves NI 43-101 is a rule developed by the Canadian Securities Administrators which established standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects Mining disclosure in the United States was previously required to comply with SEC Industry Guide 7 (“SEC Industry Guide 7”) under the United States Securities Exchange Act of 1934 Securities and Exchange Commission (the “SEC”) has adopted final rules to replace SEC Industry Guide 7 with new mining disclosure rules under sub-part 1300 of Regulation S-K of the U.S Securities Act (“Regulation S-K 1300”) which became mandatory for U.S reporting companies beginning with the first fiscal year commencing on or after January 1 the SEC now recognizes estimates of “Measured Mineral Resources” “Indicated Mineral Resources” and “Inferred Mineral Resources” the SEC has amended its definitions of “Proven Mineral Reserves” and “Probable Mineral Reserves” to be substantially similar to international standards Investors are cautioned that while the above terms are “substantially similar” to CIM Definitions there are differences in the definitions under Regulation S-K 1300 and the CIM Standards there is no assurance any mineral reserves or mineral resources that the Company may report as “proven mineral reserves” “indicated mineral resources” and “inferred mineral resources” under NI 43-101 would be the same had the Company prepared the mineral reserve or mineral resource estimates under the standards adopted under Regulation S-K 1300 investors are also cautioned that while the SEC recognizes “measured mineral resources” “indicated mineral resources” and “inferred mineral resources” under Regulation S-K 1300 investors should not assume that any part or all of the mineralization in these categories will ever be converted into a higher category of mineral resources or into mineral reserves Mineralization described using these terms has a greater degree of uncertainty as to its existence and feasibility than mineralization that has been characterized as reserves investors are cautioned not to assume that any measured mineral resources or inferred mineral resources that the Company reports are or will be economically or legally mineable International Financial Reporting Standards:   The condensed interim consolidated financial statements of the Company have been prepared by management in accordance with International Financial Reporting Standard 34 as issued by the International Accounting Standards Board These accounting principles differ in certain material respects from accounting principles generally accepted in the United States of America The Company’s reporting currency is the United States dollar unless otherwise noted Non-GAAP Measures and Additional GAAP Measures The Company has included certain non-GAAP financial measures to supplement its condensed interim consolidated financial statements for the three months ended March 31 which are presented in accordance with IFRS together with measures determined in accordance with IFRS provide investors with an improved ability to evaluate the underlying performance of the Company Non-GAAP financial measures do not have any standardized meaning prescribed under IFRS and therefore they may not be comparable to similar measures employed by other companies The data is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS Management's determination of the components of non-GAAP and additional measures are evaluated on a periodic basis influenced by new items and transactions a review of investor uses and new regulations as applicable Any changes to the measures are duly noted and retrospectively applied as applicable Adjusted Net Earnings and Adjusted Earnings per Share “Adjusted net earnings” and “adjusted earnings per share” are non-GAAP financial measures with no standard meaning under IFRS which exclude the following from net earnings: The Company uses adjusted net earnings for its own internal purposes Management’s internal budgets and forecasts and public guidance do not reflect the items which have been excluded from the determination of adjusted net earnings the presentation of adjusted net earnings enables shareholders to better understand the underlying operating performance of the core mining business through the eyes of management Management periodically evaluates the components of adjusted net earnings based on an internal assessment of performance measures that are useful for evaluating the operating performance of our business and a review of the non-GAAP measures used by mining industry analysts and other mining companies Adjusted net earnings is intended to provide additional information only and does not have any standardized meaning under IFRS and may not be comparable to similar measures presented by other companies It should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS The measure is not necessarily indicative of operating profit or cash flows from operations as determined under IFRS The following table reconciles this non-GAAP measure to the most directly comparable IFRS measure Cash Flow from Operating Activities before Changes in Working Capital and Cash Taxes “Cash flow from operating activities before changes in working capital and cash taxes” is a non-GAAP performance measure that could provide an indication of the Company’s ability to generate cash flows from operations and is calculated by adding back the change in working capital and cash taxes to cash flow from operating activities “Cash flow from operating activities before changes in working capital and cash taxes” is a non-GAAP financial measure with no standard meaning under IFRS “Company-wide free cash flow" is a non-GAAP performance measure calculated from cash flow from operating activities plant and equipment expenditures and non-recurring costs The Company believes this to be a useful indicator of our ability to operate without reliance on additional borrowing or usage of existing cash company-wide Company-wide free cash flow is intended to provide additional information only and does not have any standardized meaning under IFRS and may not be comparable to similar measures of performance presented by other mining companies Company-wide free cash flow should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS "Mine-site free cash flow" is a non-GAAP financial performance measure calculated as cash flow from operating mine-sites The Company believes this to be a useful indicator of our ability to operate without reliance on additional borrowing or usage of existing cash Mine-site free cash flow is intended to provide additional information only and does not have any standardized meaning under IFRS and may not be comparable to similar measures of performance presented by other mining companies Mine-site free cash flow should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS (1) Cash from operating activities for the Canadian operations excludes the impact of the 12,346 ounces delivered into the gold prepayment arrangement The non-cash adjustment to reflect the settlement of the gold prepayment arrangement is included in Company-wide Free Cash Flow.(2) Comparative prior year period figures do not include the Magino mine Total cash costs per ounce is a non-GAAP term typically used by gold mining companies to assess the level of gross margin available to the Company by subtracting these costs from the unit price realized during the period This non-GAAP term is also used to assess the ability of a mining company to generate cash flow from operations Total cash costs per ounce includes mining and processing costs plus applicable royalties and net of by-product revenue and net realizable value adjustments Total cash costs per ounce is exclusive of exploration costs Total cash costs per ounce is intended to provide additional information only and does not have any standardized meaning under IFRS and may not be comparable to similar measures presented by other mining companies The measure is not necessarily indicative of cash flow from operations under IFRS or operating costs presented under IFRS All-in Sustaining Costs per ounce and Mine-site All-in Sustaining Costs The Company adopted an “all-in sustaining costs per ounce” non-GAAP performance measure in accordance with the World Gold Council published in June 2013 The Company believes the measure more fully defines the total costs associated with producing gold; however this performance measure has no standardized meaning there may be some variation in the method of computation of “all-in sustaining costs per ounce” as determined by the Company compared with other mining companies “all-in sustaining costs per ounce” for the consolidated Company reflects total mining and processing costs For the purposes of calculating "mine-site all-in sustaining costs" at the individual mine-sites the Company does not include an allocation of corporate and administrative costs and corporate share-based compensation Sustaining capital expenditures are expenditures that do not increase annual gold ounce production at a mine site and excludes all expenditures at the Company’s development projects as well as certain expenditures at the Company’s operating sites that are deemed expansionary in nature Non-sustaining capital expenditures are expenditures primarily incurred at development projects and costs related to major projects at existing operations where these projects will materially benefit the mine site Capitalized exploration expenditures are expenditures that meet the IFRS definition for capitalization and are incurred to further expand the known Mineral Reserves and Resources at existing operations or development projects and non-site specific costs are not included in the all-in sustaining cost per ounce calculation All-in sustaining costs per gold ounce is intended to provide additional information only and does not have any standardized meaning under IFRS and may not be comparable to similar measures presented by other mining companies The measure is not necessarily indicative of cash flow from operating activities under IFRS or operating costs presented under IFRS Total Cash Costs and All-in Sustaining Costs per Ounce Reconciliation Tables The following tables reconciles these non-GAAP measures to the most directly comparable IFRS measures on a Company-wide and individual mine-site basis (1) Corporate and administrative expenses exclude expenses incurred at development properties.(2) Comparative prior year period figures do not include the Magino mine 2024.(3) Sustaining capital expenditures are defined as those expenditures which do not increase annual gold ounce production at a mine site and exclude all expenditures at growth projects and certain expenditures at operating sites which are deemed expansionary in nature Total sustaining capital expenditures for the period are as follows: Adjusted EBITDA represents net earnings before interest and amortization and removes the effects of certain items that the Company believes are not reflective of the Company's underlying performance for the reporting period The measure also removes the impact of non-cash items such as impairment loss charges or reversals and realized and unrealized gains or losses on derivative financial instruments Adjusted EBITDA is an indicator of the Company’s ability to generate liquidity by producing operating cash flow to fund working capital needs Adjusted EBITDA does not have any standardized meaning under IFRS and may not be comparable to similar measures presented by other mining companies (1) Adjusted EBITDA has been restated in the prior year comparatives to include the impact of non-cash unrealized gains or losses on derivative financial instruments Additional GAAP measures are presented on the face of the Company’s consolidated statements of comprehensive income (loss) and are not meant to be a substitute for other subtotals or totals presented in accordance with IFRS but rather should be evaluated in conjunction with such IFRS measures The following additional GAAP measures are used and are intended to provide an indication of the Company’s mine and operating performance: Condensed Interim Consolidated Statements of Financial Position ALAMOS GOLD INC.Condensed Interim Consolidated Statements of Financial Position(Unaudited - stated in millions of United States dollars) ALAMOS GOLD INC.Condensed Interim Consolidated Statements of Comprehensive Income(Unaudited - stated in millions of United States dollars ALAMOS GOLD INC.Condensed Interim Consolidated Statements of Cash Flows(Unaudited - stated in millions of United States dollars) On May 5, 2025, Canaccord Genuity issued an update regarding Alamos Gold (AGI, Financial) The analyst Dalton Baretto maintained a 'Buy' rating on AGI indicating continued confidence in the stock's potential performance Despite maintaining the rating, Canaccord Genuity decided to lower the price target for Alamos Gold (AGI, Financial) from CAD 52.00 to CAD 51.00 This adjustment reflects a price target percentage change of -1.92% Alamos Gold (AGI, Financial) remains a point of interest for investors with the latest analyst update indicating slight modifications in forecasted price expectations yet maintaining an optimistic 'Buy' stance Based on the consensus recommendation from 6 brokerage firms, Alamos Gold Inc's (AGI, Financial) average brokerage recommendation is currently 1.7 has reported its financial results for the quarter ended March 31 Looking specifically at Matachewan’s Young-Davidson Mine, it produced 35,400 ounces of gold in the first quarter, 12 percent lower than the prior year period due to lower tonnes mined, partially offset by higher grades processed and recovery rates.  Revenues at the mine increased to $101.2 million in the first quarter, 22 percent higher than the prior year period, driven by higher realized gold prices, partially offset by lower ounces sold. Cost of sales were $65.1 million in the first quarter, comparable with the prior year period.  Total cash costs of $1,350 per ounce and mine-site AISC of $1,655 per ounce in the first quarter were higher than the prior year period, primarily due to higher unit costs given the lower mining and processing rates. Costs are expected to decrease through the remainder of the year reflecting higher mining rates and grades.  Capital expenditures in the first quarter totaled $18.8 million, including $10.7 million of sustaining capital and $6.1 million of growth capital. Additionally, $2.0 million was invested in capitalized exploration during the quarter.  The release also stated Young-Davidson continues to generate strong ongoing mine-site free cash flow, including $39.2 million in the first quarter. Young-Davidson has generated over $100 million in annual mine-site free cash flow for four consecutive years. The operation is well positioned to generate similar free cash flow in 2025 and over the long-term, with a 14 year Mineral Reserve life.  A total of $11 million is budgeted for exploration at Young-Davidson in 2025, an increase from $9 million spent in 2024. This includes 25,600 m of underground exploration drilling focused on extending mineralization in the syenite, and continuing to evaluate and expand on the newly defined hanging wall zones.  To support the program, 500 m of underground exploration development is planned, including 400 m to establish a hanging wall exploration drift to the south, from the 9620 level. This will allow for drill platforms with more optimal locations and orientations to test the higher grade mineralization discovered in the hanging wall.  The regional program includes 6,000 m of drilling focused on evaluating the Otisse NE target, located approximately three km northeast of Young-Davidson. A comprehensive data compilation project will also commence in 2025 for the Wydee and Matachewan projects, which were acquired in the third quarter of 2024, and located to the west and east of Young-Davidson, respectively.  During the first quarter, two underground exploration drills completed 5,290 m in ten holes from the 9305 and 9500 levels. Drilling is targeting syenite-hosted mineralization as well as continuing to test mineralization in the hanging wall sediments and mafic-ultramafic stratigraphy.  Total exploration expenditures during the first quarter of 2025 were $3.0 million, of which $2.0 million was capitalized.  transmission or republication strictly prohibited This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy Advertiser DisclosureAdvertiser Disclosure 61 Published Articles 3583 Edited Articles Opinions and recommendations are ours alone Even though you cannot earn points with Alamo Insiders you should extend your savings by earning credit card points for each of your rentals If you’re not already using a credit card that offers bonus points for car rental purchases Earn 2x points/miles per $1 for car rentals on these cards: Earn 3x points per $1 for car rentals on these cards: Hot Tip: Points aren’t the only important thing — you’ll also want a credit card with rental car insurance to help keep you protected if you have an accident with your rental To join Alamo Insiders, all you need to do is sign up for an account online Once you’ve filled out all the necessary details You’ll find that renting a car with Alamo is quite easy. First, sign in using your username and password, then enter your pick-up location, date, pick-up time, renter age you’ll notice that the results are given with a Drive Happy Deal first and the rest of the options sorted in order by price from low to high you can filter your results by vehicle type and price your car type is determined when you arrive to pick up the car Drive Happy Deals are usually the cheapest option so if you do not care what car you receive if you know you need a specific vehicle type like an SUV we would not recommend selecting the Drive Happy Deal you’ll notice that there are Pay Now and Pay Later options The Pay Now option gives you a discount for paying the amount owed upfront but your reservation will be non-refundable the Pay Later option is usually a bit more expensive but allows you to cancel before checking-in if you need to change your plans After you’ve selected a vehicle type, you’ll then be able to add any extras that you’d like with your rental. 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However, those interested in a business rental program can sign-up with one of its partners, Enterprise or National Alamo offers special rates for organizations of all sizes that plan meetings or just about any event that needs 11 or more cars The benefits of the meetings and conventions program include unlimited mileage and frequent traveler rewards with most major airlines Federal government employees and military personnel receive special car rental rates and benefits for official business travel as well as off-duty leisure travel Those on official government travel receive the following benefits: Alamo partners with the Enterprise Car purchase program to offer used cars to those looking for a new ride Most of the cars sold come from either the Enterprise or Alamo fleet and you can choose from more than 7,000 low-mileage vehicles of over 250 makes and models of cars 75% of these vehicles are available for below the Kelley Blue Book typical listing price All vehicles pass an inspection performed by an ASE-certified technician and come with a 12-month/12,000-mile limited powertrain warranty and 7-day buyback If you need assistance with anything related to Alamo’s services, you can find customer service information under the Customer Support tab in the bottom right menu From there you can view FAQs for a plethora of different topics you may need assistance with Here are some helpful phone numbers depending on your needs: Curious how Alamo stacks up against its competitors and Enterprise for a random weekend rental in Chicago Here were the nightly quotes from each company – excluding any membership discounts: Alamo can be a great choice for your car rental if the price is right Many rental car programs are similar in the cars they offer and fees that they charge it’s always a good bet to go with the company that offers you the best deal the Alamo Insiders program is free to join Enterprise and Alamo are separate rental car companies but both are owned by the same parent company — Enterprise Holdings Signing up for the Alamo Insiders program is easy, just head to this link Alamo offers a 5% discount on every rental to anyone who signs up for its free Alamo Insiders program Alamo also publishes a Deals page on its website where it regularly runs promotions like last-minute deals Jarrod has been an expert in the points and miles space for over 8 years He earns and redeems over 1 million points per year and his work has been featured in outlets like The New York Times Plus — expert strategies to maximize your points & miles by joining our (free) newsletter We respect your privacy. 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Here is a breakdown of the information Alamos Gold a prominent player in the gold mining industry operates multiple mines in Canada and Mexico The company recently released its first-quarter 2025 earnings report highlighting a production of 125,000 ounces of gold which aligns with the lower end of its quarterly guidance The report noted solid performance from Island Gold offset by slower ramp-up at the Magino mill and lower production at Young-Davidson improvements in April are expected to bolster production and reduce costs in the upcoming quarters Key financial metrics from the first quarter include revenues of $333 million from selling 117,583 ounces of gold at an average price of $2,802 per ounce Despite a 6% lower sales volume than production the company anticipates future quarters will benefit from the timing of these sales Total cash costs were reported at $1,193 per ounce with all-in sustaining costs (AISC) at $1,805 per ounce both above guidance due to increased share-based compensation costs Alamos Gold expects these costs to decrease significantly in the second quarter and beyond Alamos Gold is progressing with its Phase 3+ Expansion and has commenced construction at Lynn Lake The company aims to achieve a production run rate of 900,000 ounces per year with potential growth to one million ounces annually through further expansion of the Island Gold District The acquisition of Magino and ongoing exploration success have contributed to a 31% increase in mineral reserves Alamos Gold remains focused on achieving its full-year production guidance of 580,000 to 630,000 ounces The company is optimistic about its growth trajectory supported by internally funded projects and strong liquidity With ongoing improvements in production and cost efficiencies Alamos Gold is well-positioned to enhance shareholder value and maintain its competitive edge in the gold mining sector Disclaimer & DisclosureReport an Issue Alamos Gold, Inc. ( (AGI) ) has released its Q1 earnings Disclaimer & DisclosureReport an Issue Canaccord has adjusted its price target for Alamos Gold (AGI, Financial) while maintaining a Buy rating on the stock This change follows the release of Alamos Gold's first-quarter results which revealed an unexpectedly weaker performance The company's challenges were mainly due to elevated costs attributed to equipment availability issues at the Young-Davidson site and ramp-up difficulties at the Magino project Alamos Gold sold 6% fewer ounces than it produced during the quarter For the complete transcript of the earnings call, please refer to the full earnings call transcript Record production and strong margin expansion drive record free cash flow of $272 million while funding high-return growth (TSX:AGI; NYSE:AGI) (“Alamos” or the “Company”) today reported its financial results for the quarter and year ended December 31 “We delivered another record year operationally and financially driven by strong performances across our operations meeting our increased guidance and achieving a new annual record for the second consecutive year Full year costs were in line with guidance and combined with the rising gold price This included record free cash flow of $272 million while funding additional high-return growth including the Phase 3+ Expansion and our largest exploration budget ever,” said John A “Our significant investment in exploration continues to create value with global Mineral Reserves increasing 31% to 14 million ounces including another substantial increase in higher-grade Reserves and Resources at Island Gold We will be incorporating this growth into the Island Gold District Life of Mine Plan and Expansion Study to be released later this year that we expect will outline a larger Fourth Quarter and Full Year 2024 Highlights (2) Refer to the “Non-GAAP Measures and Additional GAAP Measures” disclosure at the end of this press release and associated MD&A for a description and calculation of these measures.(3) Sustaining capital expenditures include sustaining capital lease expenditures at Magino which are not included as additions to mineral property plant and equipment in cash flows used from investing activities and amortization expense.(2) Refer to the “Non-GAAP Measures and Additional GAAP Measures” disclosure at the end of this press release and associated MD&A for a description and calculation of these measures.(3) For the purposes of calculating mine-site all-in sustaining costs the Company does not include an allocation of corporate and administrative and share-based compensation expenses.(4) Includes capitalized exploration at Young-Davidson of $2.0 million and $5.9 million for the three months and year ended December 31 2024 ($1.3 million and $5.1 million for the three months and year ended December 31 respectively).(5) Includes capitalized exploration at Island Gold of $1.7 million and $12.4 million for the three months and year ended December 31 2024 ($3.3 million and $11.1 million for the three months and year ended December 31 (6) Includes capitalized exploration at Mulatos District of $1.6 million and $7.5 million for the three months and year ended December 31 2024 ($5.5 million and $11.8 million for the three months and year ended December 31 2023).(7) Includes capitalized exploration at Magino of $2.2 million and $2.2 million for the three months and year ended December 31 2024.(8) The Mulatos District includes La Yaqui Grande and Mulatos pit.(9) The 2024 full year results for Magino are for Alamos’ ownership period from July 12 2024.(10) Sustaining capital expenditures for Magino include certain finance leases classified as sustaining Alamos had 25 recordable injuries across its sites including one lost time injury ("LTI") Alamos had 84 recordable injuries across its sites including 4 LTIs Two minor reportable events occurred during the fourth quarter an effluent grab sample slightly exceeded the daily limit for phosphorus The other minor reportable event was at Young-Davidson where minor seepage was identified at the toe of the dam and quickly contained within the tailings management facility with no impact to the surrounding environment This includes investing in new initiatives to reduce the Company's environmental footprint with the goal of minimizing the impacts of our activities (1) Refer to the "Non-GAAP Measures and Additional GAAP" disclosure at the end of this press release and associated MD&A for a description of these measures.(2) For the purposes of calculating mine-site all-in sustaining costs at individual mine sites the Company does not include an allocation of corporate and administrative and share-based compensation expenses to the mine sites (3) Cost of sales includes mining and processing costs and is calculated based on the mid-point of total cash cost guidance The Company’s objective is to operate a sustainable business model that supports growing returns to all stakeholders over the long-term The Company delivered another record operational and financial performance in 2024 Full year production was in-line with guidance and increased 7% from 2023 to a record 567,000 ounces reflecting the acquisition of the Magino mine in July and strong ongoing performances from Island Gold and the Mulatos District 2024 revenues increased 32% from 2023 to a record $1.3 billion Full year costs were also in-line with guidance contributing to strong margin expansion Through growing production and increasing margins the Company generated record free cash flow of $272.3 million while continuing to fund its high-return growth initiatives including the Phase 3+ Expansion at Island Gold The Mulatos District had another strong year with production exceeding increased guidance and the operation generating record mine-site free cash flow of $239.9 million in 2024 Young-Davidson also generated a record $140.9 million in mine-site free cash flow marking the fourth consecutive year free cash flow has exceeded $100 million Island Gold had another solid year on multiple fronts with production at the top end of guidance significant progress made on the Phase 3+ Expansion and ongoing exploration success driving another year of substantial growth in Mineral Reserves and Resources this significant investment in growth was all self-financed by Island Gold The integration of the Magino and Island Gold operations continues to advance providing significant synergies Immediate capital savings have already been realized with the previously planned mill and tailings expansions at Island Gold no longer required The utilization of the larger and more efficient Magino mill to process Island Gold ore is expected to drive operating cost synergies starting in 2025 with further improvements in 2026 upon completion of the Phase 3+ Expansion The Magino mill is expected to ramp up to 11,200 tpd by the end of the first quarter of 2025 after which it will begin processing ore from Island Gold at significantly lower processing costs The acquisition has also de-risked the Phase 3+ Expansion and unlocked longer term upside potential across the Island Gold District The shaft sink has advanced to a depth of 1,000 metres as of mid-February and is expected to reach the ultimate planned depth of 1,373 metres in the third quarter The expansion remains on track to be completed in the first half of 2026 which will be a significant driver of further free cash flow growth over the longer-term through increasing production and declining costs The Company continues to advance its other high-return internal growth opportunities As outlined in the September 2024 development plan high-return underground project with an estimated after-tax IRR of 46% at a conservative gold price of $1,950 per ounce Based on its existing Mineral Reserves at year-end 2024 PDA is expected to more than triple the Mulatos District mine life to at least 2036 an amendment to the existing MIA was received allowing for the start of construction Development activities are expected to ramp up in the second half of the year with initial production expected mid-2027 Detailed engineering on the Lynn Lake project continued through 2024 in advance of the construction decision made in January 2025 and all key permits needed to start development of the project approved construction activities are expected to ramp up starting in the first quarter of 2025 putting first gold production on track for the first half of 2028 a positive internal study on the Burnt Timber and Linkwood satellite deposits was completed in February 2025 outlining a low capital intensity high-return project that will leverage existing infrastructure from the Lynn Lake project As satellite deposits to the Lynn Lake project the incorporation of Burnt Timber and Linkwood is expected to extend the combined mine life and increase longer term production rates at a low all in cost Global Mineral Reserves and Resources continue to grow supporting this strong portfolio of growth assets Mineral Reserves increased 31% in 2024 to 14.0 million ounces (298 mt grading 1.45 g/t Au) an initial Reserve at Burnt Timber and Linkwood and tremendous ongoing exploration success at Island Gold This marks the sixth consecutive year of growth in Mineral Reserves for a cumulative increase of 44% over that time frame Island Gold continues to be a significant driver of growth with its combined Mineral Reserve and Resources increasing 9% to 6.7 million ounces at substantially higher grades This included a 32% increase in Mineral Reserves to 2.3 million ounces with grades increasing 11% to 11.40 g/t Au Inferred Mineral Resources also increased 2% to 3.8 million ounces with additions more than replacing the conversion to Mineral Reserves while grades increased an impressive 13% to 16.52 g/t Au Island Gold continues to establish itself as one of the highest-grade and fastest growing deposits in the world This growth will be incorporated into the Island Gold District Life of Mine plan to be released mid-2025 and an Expansion Study expected to be released in the fourth quarter The growing deposit and significant increase in grades are expected to support higher average annual gold production over the longer term The Company provided three-year production and operating guidance in January 2025 2025 guidance press release for a summary of the key assumptions and related risks associated with the comprehensive 2025 guidance and three-year production the United States introduced tariffs on imports from countries including Canada and Mexico the Canadian and Mexican governments announced retaliatory tariffs on imports from the United States all three countries postponed their previously announced tariffs for 30 days While there is uncertainty as to whether the tariffs or retaliatory tariffs will be implemented the Company’s cost structure predominantly relates to input costs which are not expected to be directly affected by the tariffs The Company's cost and capital guidance released in January 2025 does not factor any potential impact from such tariffs Gold production in 2025 is expected to range between 580,000 and 630,000 ounces a 7% increase from 2024 (based on the mid-point) driven by the ramp up of production at Island Gold First quarter production is expected to be between 125,000 and 140,000 ounces at costs consistent with the top end of guidance for the first half of the year Production is expected to increase and costs decrease into the second quarter with a more significant improvement expected in the second half of the year Total cash costs and AISC are expected to decrease slightly in 2025 compared with 2024 with costs higher in the first half of the year and decreasing in the second half of the year AISC are expected to decrease approximately 15% in the second half of 2025 driven by higher grades and mining rates at Island Gold as well as a lower contribution from residual leaching from Mulatos Production from residual leaching carries higher reported costs though is very profitable from a cash flow perspective with the majority of these costs previously incurred and recorded in inventory production is expected to increase 24% to a range of 680,000 to 730,000 ounces driven by low-cost growth from Island Gold following the completion of the Phase 3+ Expansion Capital spending is expected to increase in 2025 reflecting the inclusion of development capital for Lynn Lake and PDA with the start of construction on both projects in 2025 as well as the final full year of capital on the Phase 3+ Expansion Capital spending is expected to increase modestly into 2026 with the lower capital at the Island Gold District offset by the ramp up in spending on Lynn Lake and PDA This includes expanded exploration programs at the Island Gold District and Qiqavik as well as significant ongoing programs at Young-Davidson and the Mulatos District Given the strong ongoing profitability of the Mulatos District operation the Company expects to pay between $70 and $80 million in cash tax payments in Mexico in 2025 which includes the 2024 year-end tax payment due in the first quarter of 2025 of approximately $45 million The ounces will be delivered monthly in 2025 (approximately 4,115 ounces per month) and recorded as revenue based on the prepay price of $2,524 per ounce There will be no cash flow associated with the sale of these ounces in 2025 $327.2 million of cash and cash equivalents at the end of 2024 and approximately $827.2 million of total liquidity Cash and cash equivalents increased by 12% from the third quarter driven by continued free cash flow generation the Company expects to continue generating positive free cash flow while funding its growth projects royalties and amortization.(2) Refer to the “Non-GAAP Measures and Additional GAAP Measures” disclosure at the end of this press release and associated MD&A for a description and calculation of these measures the Company does not include an allocation of corporate and administrative and share based compensation expenses Young-Davidson produced 45,700 ounces of gold in the fourth quarter 8% lower than the prior year period with lower grades mined partially offset by stronger mining rates Production for the full year totaled 174,000 ounces slightly below guidance and the prior year Mining rates averaged 8,030 tonnes per day ("tpd") in the fourth quarter in-line with guidance and a 7% increase compared to the prior year period Mining rates averaged 7,614 tpd for the full year reflecting temporary lower scoop availability earlier in the year Milling rates averaged 8,116 tpd in the fourth quarter Milling rates for both the fourth quarter and full year were consistent with mining rates Mill recoveries averaged 91% for the fourth quarter and full year Revenues increased to $120.5 million in the fourth quarter revenues for the full year of $415.3 million were 17% higher than the prior year with higher realized gold prices partially offset by lower ounces sold Cost of sales were $65.9 million in the fourth quarter marginally higher than the prior year period Cost of sales were $261.9 million for the full year Total cash costs were $955 per ounce in the fourth quarter a 4% increase compared to the prior year period Total cash costs were $1,047 per ounce for the full year higher than the prior year as a result of inflation Mine-site AISC were $1,191 per ounce for the fourth quarter a 2% decrease compared to the prior year period due to timing of sustaining capital expenditures Mine-site AISC averaged $1,314 per ounce for the full year above the prior year and annual guidance reflecting higher sustaining capital per ounce Capital expenditures in the fourth quarter totaled $21.3 million including $10.6 million of sustaining capital and $8.7 million of growth capital Young-Davidson generated record mine-site free cash flow of $50.3 million in the fourth quarter This marked the fourth consecutive year the operation has generated more than $100 million of mine-site free cash flow Young-Davidson is well positioned to generate similar levels of free cash flow over the long-term Island Gold Financial and Operational Review and amortization.(2) Refer to the “Non-GAAP Measures and Additional GAAP Measures” disclosure at the end of this press release and associated MD&A for a description and calculation of these measures Island Gold produced 39,400 ounces in the fourth quarter of 2024 Island Gold produced a record 155,000 ounces an 18% increase compared to the prior year and at the top-end of annual guidance Underground mining rates averaged 1,228 tpd in the fourth quarter below annual guidance reflecting scheduled downtime in July to upgrade the underground ventilation infrastructure as well as a focus on maximizing the extraction of significantly higher-grade ore from within the 1025 mining horizon in the first half of the year The upgrade to the ventilation infrastructure was successfully completed as part of the Phase 3+ Expansion project and will support increased development rates in the near term and higher underground mining rates over the longer term Grades mined averaged 11.05 g/t Au in the fourth quarter Grades mined averaged 12.47 g/t Au for the full year 32% higher than in the prior year and consistent with the upper end of annual guidance Mill throughput averaged 1,197 tpd for the fourth quarter and 1,072 tpd for the full year Mill recoveries averaged 98% for the full year above guidance and reflecting the higher grades processed in the quarter and for the year Mill recoveries are expected to return to within the guided range of 96-97% in 2025 the Island Gold mill is expected to be shut down at the end of the first quarter of 2025 Revenue of $103.9 million in the fourth quarter were 73% higher than the prior year period driven by higher realized gold price and an increase in ounces sold revenues of $363.1 million for the full year were 47% higher than the prior year Cost of sales of $34.7 million in the fourth quarter and $132.2 million for the full year were 3% and 7% higher than the prior year periods cost of sales were 21% and 10% lower in the fourth quarter and the full year as compared to the prior year periods due to the higher grades processed Total cash costs were $594 per ounce in the fourth quarter both lower than the prior year periods and consistent with guidance Mine-site AISC of $791 per ounce for the fourth quarter and $865 per ounce for the full year driven by higher grades processed and lower sustaining capital expenditures Total capital expenditures were $83.7 million in the fourth quarter including $74.3 million of growth capital and $1.7 million of capitalized exploration Growth capital spending remained primarily focused on the Phase 3+ Expansion shaft site infrastructure which advanced to a depth of 882 m by the end of the year and is scheduled to be completed in the third quarter of 2025 detailed engineering continued to advance on the expansion of the Magino mill to 12,400 tpd Mine-site free cash flow was negative $1.9 million for the fourth quarter and positive $12.4 million for the full year net of the significant capital investment related to the Phase 3+ Expansion Island Gold is expected to continue self funding the Phase 3+ Expansion capital The operation is expected to generate significant free cash flow from 2026 onward with the completion of the expansion Magino Mine Financial and Operational Review The results for Magino are for Alamos’ ownership period from July 12 the Company does not include an allocation of corporate and administrative and share-based compensation expenses (4) Grams per tonne of gold ("g/t Au").(5) Mine-site free cash flow does not include lease payments which are classified as cash flows from financing activities on the consolidated financial statements Operational Review (the fourth quarter and Alamos’ ownership period from July 12 Magino produced 16,200 ounces of gold in the fourth quarter and 33,000 ounces of gold during Alamos' ownership period starting July 12 Mining rates averaged 53,233 tpd during the fourth quarter up from 46,258 tpd during the period of ownership in the third quarter This included 11,090 tpd of ore in the fourth quarter up from 10,228 tpd during the third quarter With a number of mill optimization initiatives implemented during the second half of 2024 mining activities were focused on stripping activities while continuing to stockpile lower grade ore for future processing Mill throughput averaged 6,686 tpd in the fourth quarter down slightly from the third quarter and lower than planned primarily due to longer than expected downtime to replace the primary crusher A number of optimization initiatives were implemented within the Magino mill which required downtime during the second half of 2024 This included replacing the secondary crusher during the third quarter with additional downtime in the fourth quarter to replace the primary crusher These improvements were completed by the end of 2024 and will support higher throughput rates going forward Mill throughput is expected to increase to approximately 11,200 tpd by the end of the first quarter of 2025 at which point the Island Gold mill will be shut down and ore from Island Gold will be trucked and processed through the larger and more cost-effective Magino mill Grades processed during the fourth quarter and Alamos' period of ownership in 2024 were 0.89 g/t Au and 0.91 g/t Au Recoveries for the period of ownership were 95% above expectations reflecting the strong performance of the gravity circuit Financial Review (for Alamos’ ownership period from July 12 Revenues were $44.2 million for the fourth quarter and $81.2 million for the period of Alamos' ownership during the second half of the year with cost of sales of $35.4 million and $73.9 million for the same respective periods Total cash costs were $1,672 per ounce in the fourth quarter and impacted by lower gold production due to the crushing circuit downtime to replace the primary crusher Mine-site AISC for the fourth quarter were $2,666 per ounce an 11% decrease from Alamos' ownership in the third quarter were $19.5 million in the fourth quarter and $28.0 million for the period of Alamos' ownership in the second half of the year Capital spending primarily included capitalized stripping costs The operation was negative $18.1 million of mine-site free cash flow in the fourth quarter and negative $40.2 million of mine-site free cash flow during the period of Alamos' ownership driven primarily by changes in working capital and mill downtime for the crusher replacements which impacted gold production The Company expects an improvement to the profitability of the operation in 2025 reflecting higher production and lower costs (2) Refer to the “Non-GAAP Measures and Additional GAAP Measures” disclosure at the end of this press release and associated MD&A for a description and calculation of these measures (4) Includes ore stockpiled during the quarter (5) Grams per tonne of gold ("g/t Au").(6) Total waste mined includes operating waste and capitalized stripping The Mulatos District produced 38,900 ounces in the fourth quarter 19% lower than the prior year period due to planned lower grades processed at La Yaqui Grande Production for the full year totaled 205,000 ounces exceeding the top end of the revised annual guidance by 5% reflecting the strong ongoing performance from La Yaqui Grande La Yaqui Grande produced 28,900 ounces in the fourth quarter and 158,600 ounces for the full year reflecting higher stacking and recovery rates Grades stacked averaged 0.93 g/t Au for the fourth quarter Grades stacked over the full year averaged 1.27 g/t Au Stacking rates of 10,800 tpd in both the fourth quarter and full year were above annual guidance of 10,000 tpd The recovery rate of 98% in the fourth quarter and for the full year was above full year guidance reflecting the timing of ounces stacked relative to their recovery Recoveries are expected to normalize in 2025 to between 70% and 90% Mulatos commenced residual leaching in December 2023 and produced 10,000 ounces in the fourth quarter and 46,400 ounces for the full year Revenues of $107.2 million in the fourth quarter and $487.3 million for the full year were 7% and 16% Cost of sales decreased to $64.9 million in the fourth quarter driven by the weaker Mexican peso and lower ounces sold Cost of sales were $283.1 million for the full year a 6% increase compared to the prior year due to inflationary pressures Total cash costs of $1,113 per ounce and mine-site AISC of $1,198 per ounce in the fourth quarter were higher than the prior year period primarily driven by inflation and lower grades stacked at La Yaqui Grande Full year total cash costs of $935 per ounce and mine-site AISC of $1,001 per ounce were at the low end of guidance and slightly higher than the prior year due to lower grades stacked Capital expenditures totaled $5.3 million in the fourth quarter including $1.3 million of sustaining capital and $1.6 million of capitalized exploration including $4.4 million of sustaining capital and $7.5 million of capitalized exploration Growth capital spending of $8.2 million for the full year was focused on the completion of the water treatment plant construction at La Yaqui Grande as well as completion of the hydro electric line connecting the Mulatos District to the national grid at the end of November This eliminates the need for on-site diesel generated power and provides a significant energy cost savings moving forward which has been factored into 2025 guidance The Mulatos District generated mine-site free cash flow of $53.4 million for the fourth quarter and a record $239.9 million for the full year 95% and 69% higher than the prior year periods The strong free cash flow generation was net of $7.4 million of cash tax payments in the fourth quarter and $82.2 million in the year Given the strong profitability of the operation in 2024 the Company expects to make significant cash tax payments in Mexico in 2025 This includes the 2024 year end tax payment due in the first quarter which is expected to be approximately $45 million Fourth Quarter 2024 Development Activities the Company released the Phase 3+ Expansion Study (“P3+ Study”) conducted on its Island Gold mine The Phase 3+ Expansion to 2,400 tpd from the current rate of 1,200 tpd will involve various infrastructure investments the Company announced an update to the initial capital estimate for the Phase 3+ Expansion reflecting inflation and scope changes since the P3+ Study was completed in the first half of 2022 as well as synergies from the acquisition of Magino Initial capital for the Phase 3+ Expansion was increased by approximately $40 million to $796 million a 5% increase from the initial capital estimate provided in the first half of 2022 72% of the total initial capital has been spent and committed on the project The increase was driven by ongoing inflationary pressures since 2022 partially offset by synergies from the Magino acquisition The key changes within the updated capital estimate are as follows: the Company spent $74.3 million on the Phase 3+ Expansion and capital development Progress on the Phase 3+ Expansion during the fourth quarter is summarized as follows: Island Gold shaft site area - January 2025 Construction activities will begin ramping up during the first quarter of 2025 with initial production expected during the first half of 2028 Development spending (excluding exploration) was $7.8 million in the fourth quarter of 2024 primarily on detailed engineering and long lead time items development spending (excluding exploration) was $19.7 million the Company reported positive results of an internal economic study completed on its Burnt Timber and Linkwood satellite deposits located in proximity to the Lynn Lake project in Manitoba the 2023 Study was released on the Lynn Lake project outlining a long-life low-cost project in Canada with attractive economics The 2023 Study was based only on the Gordon and MacLellan deposits which are to be mined over the first 11 years with the processing of lower-grade stockpiled ore for the remainder of the 17-year mine life Highlights of the Burnt Timber and Linkwood Study include: The Company incurred $2.2 million in the fourth quarter of 2024 related to ongoing care and maintenance and arbitration costs to progress the Treaty claim Fourth Quarter 2024 Exploration Activities Total exploration expenditures during the fourth quarter of 2024 were $5.3 million the Company incurred exploration expenditures of $20.3 million of which $14.6 million was capitalized The focus of the 2024 near mine exploration program was on defining new Mineral Reserves and Resources in proximity to existing production horizons and underground infrastructure through both underground and surface exploration drilling The 2024 program was successful in driving another significant year of growth at Island Gold with combined Mineral Reserve and Resources increasing 9% to 6.7 million ounces at substantially higher grades This included a 32% increase in Mineral Reserves to 2.3 million ounces with grades increasing 11% to 11.40 g/t Au (6.2 mt) Inferred Mineral Resources also grew 2% to 3.8 million ounces with grades increasing 13% to 16.52 g/t Au A total of 50,416 m of underground exploration drilling was completed in 185 holes in 2024 9,849 m of surface exploration drilling was completed in 11 holes This drilling focused on evaluating targets across the strike extent of the main Island Gold Deposit (E1E and C-Zones) as well as expanding newly defined zones in the hanging wall and footwall of Island Gold 36,686 m of underground delineation drilling was completed in 155 holes in 2024 which focused on the conversion of the large Mineral Resource base to Mineral Reserves A total of 326m of underground exploration drift development was also completed in 2024 These platforms will allow for ongoing Mineral Resource conversion and Resource growth across the Island Gold deposit The regional exploration drilling program at the Island Gold District continued in the fourth quarter with 2,376m of drilling completed in 11 holes at Cline and Edwards bringing the year-to-date regional drilling to 10,330 m across 35 holes A surface drilling program commenced at Magino subsequent to the acquisition of Argonaut to focus on Mineral Resource expansion and conversion 14,583 m of drilling was completed in 26 holes which were successful in both infilling and expanding mineralization The Company provided a comprehensive exploration update in January 2025 on its continued exploration success at Island Gold Exploration drilling continues to extend high-grade gold mineralization across the Island Gold Deposit as well as within several hanging wall and footwall structures A significant portion of the following exploration results were completed after the year-end cut-off for Mineral Reserves and Resource estimates highlighting the potential for ongoing growth Island Gold Main zone exploration highlights: high-grade mineralization extended outside of Mineral Reserves and Resources in the E1E and C-Zones These zones are the main structures that host the majority of currently defined Mineral Reserves and Resources at Island Gold Island Gold Hanging Wall and Footwall exploration highlights: high-grade gold mineralization intersected within new and recently defined hanging wall and footwall zones across the main Island Gold Deposit These zones represent significant opportunities to continue to grow near mine Mineral Reserves and Resources which are low-cost to develop and produce from given their proximity to existing infrastructure • Island West Hanging Wall and Footwall Zones    NS2 Zone: expanding a new structure parallel and 200 m east of NS1 Zone Other Hanging Wall and Footwall intersections within yet to be defined zones (Unknown Zones): drilling continues to intersect high-grade mineralization beyond currently defined zones and in proximity to existing underground infrastructure This includes drill hole 890-461-42 (584.20 g/t Au over 6.80 m) located 10 m north of the main C-Zone in Island West These are part of more than 2,000 intersections above 3 g/t Au outside of existing Mineral Reserves and Resources in the hanging wall and footwall there is excellent potential to define additional new zones supporting significant growth in near-mine Mineral Reserves and Resources 1 All reported composite intervals are calculated true width of the mineralized zones Drillhole composite intervals reported as “cut” may include higher grade samples which have been cut to: Island West and Island Main (C-zone) @ 225 g/t Au; Island Main and East (E1E Zone) @ 185 g/t Au; E1D Zone @ 100 g/t; B-Zone E1D1 and NS1 @ 90 g/t Au; NTH3 @ 60 g/t; D1 and G1 @ 45 g/t Au NS2 and NTH zones @ 35 g/t Au.2 All reported composite intervals are core length Total exploration expenditures during the fourth quarter of 2024 were $2.9 million exploration expenditures totaled $8.9 million of which $5.9 million was capitalized The majority of the underground exploration drilling program was focused on extending mineralization within the Young-Davidson syenite which hosts the majority of Mineral Reserves and Resources Drilling also tested the hanging wall and footwall of the deposit where higher grades have been previously intersected 24,296 m of underground exploration drilling was completed in 55 holes which intersected a new style of higher-grade gold mineralization in zones within the hanging wall of the Young-Davidson deposit These zones are located between 10 and up to 200 m south of existing infrastructure and are in close proximity to already defined Mineral Reserves and Resources highlighting the upside potential with grades intersected well above the current Mineral Reserve grade of 2.26 g/t of gold 400 m of underground exploration development is planned to establish a hanging wall exploration drift to the south This will allow for drill platforms with more optimal locations and orientations to test the higher-grade mineralization discovered in the hanging wall in 2024 Regional exploration drilling was undertaken during the year with 3,454 m of surface drilling completed in 11 holes to test near-surface targets within the 5,900 hectare Young-Davidson Property that could potentially provide future supplemental mill feed Total exploration expenditures during the fourth quarter of 2024 were $4.0 million exploration expenditures totaled $20.6 million 46,224 m of near-mine drilling was completed in 168 holes and 18,430 m of regional drilling was completed in 54 holes The 2024 surface exploration drilling program focused on defining higher-grade mineralization at PDA and Cerro Pelon Drilling at Cerro Pelon followed up on wide high-grade underground oxide and sulphide intersections previously drilled below the Cerro Pelon open pit surface drilling was successful at extending higher-grade mineralization across multiple zones within the PDA area This drove a 9% increase in Mineral Reserves at PDA within the 2024 year-end update to 1.1 million ounces the 2024 program was successful in defining an initial Measured and Indicated Mineral Resource at Cerro Pelon totaling 104,000 ounces grading 4.49 g/t Au exploration activities continued at PDA and the near-mine area with 7,764 m of drilling completed in 28 holes Drilling was focused on infill drilling the GAP-Victor portion of the Mineral Resource drilling continued to evaluate the high-grade sulphide potential to the north of the historical open pit with a total of 2,872 m completed in eleven holes 1,395 m in four holes were drilled targeting sulphide mineralization Regional drilling was also initiated at the Halcon Project in the fourth quarter with three drill holes for a total of 633 m located approximately three kilometres northwest of the La Yaqui Grande Mine is being evaluated for sulphide mineralization potential Exploration spending totaled $1.2 million in the fourth quarter and $7.4 million for 2024 2024 exploration was primarily focused on the conversion of Mineral Resources to Mineral Reserves at the Burnt Timber and Linkwood deposits and to also evaluate the potential for Mineral Resources at Maynard 16,134 m of drilling were completed in 87 holes and was focused on converting Mineral Resources to Mineral Reserves at Burnt Timber and Linkwood as well as extending mineralization at Maynard The program was successful with an initial Mineral Reserve of 0.9 million ounces grading 0.95 g/t Au (30.7 mt) declared at Burnt Timber and Linkwood This drove a 42% increase in total Mineral Reserves within the Lynn Lake District to 3.3 million ounces grading 1.29 g/t Au (80.1 mt) the Company completed the acquisition of Orford Mining acquiring a 100% interest in the Qiqavik gold project Qiqavik is a camp scale property covering 438 square kilometres in the Cape Smith Greenstone Belt in Nunavik The Qiqavik Property covers 40 kilometres of strike along the Qiqavik Break a major crustal-scale structure controlling gold mineralization within the belt Early-stage exploration completed to date indicates that high-grade gold occurrences are controlled by structural splays off the Qiqavik Break Exploration spending totaled $0.8 million in the fourth quarter and $3.7 million for 2024 Exploration activities completed in Q3 2024 were focused on the evaluation of targets with the objective of identifying the highest-priority areas to drill in 2025 and Quaternary field investigations to determine glacial dispersal direction and transport distances A 500 km2 high-resolution Lidar survey with photo imagery and a 25 m line-spacing drone magnetic survey was also flown over four prospective areas Review of Fourth Quarter Financial Results the Company sold 141,258 ounces of gold for record operating revenues of $375.8 million representing a 48% increase from the prior year period The increase was due to higher realized gold prices and higher sales volumes due to the inclusion of ounces from Magino The average realized gold price in the fourth quarter was $2,632 per ounce and $31 per ounce less the London PM Fix price The Company's realized gold price in the fourth quarter was impacted slightly by hedges entered into earlier in the year and amortization) were $200.9 million in the fourth quarter primarily due to higher cost ounces from Magino with the operation undergoing downtime to implement a number of improvements to the mill cost of sales were $165.5 million which was 1% lower than the prior year period Mining and processing costs were $137.9 million mining and processing costs were $111.6 million The decrease was driven by the weaker Mexican peso and Canadian Dollar and lower ounces sold at the Mulatos District Total cash costs of $981 per ounce and AISC of $1,333 per ounce were higher than the prior year period driven by the inclusion of the higher cost Magino ounces total cash costs and AISC for the fourth quarter would have been $10 and $74 per ounce lower The decreases were driven by higher grades mined and lower sustaining capital expenditure at Island Gold partially offset by inflation and lower grades stacked at La Yaqui Grande Royalty expense was $4.7 million in the fourth quarter higher than the prior year period of $2.7 million and higher number of ounces sold with inclusion of ounces from Magino Amortization of $58.3 million in the fourth quarter was higher than the prior year period due to the higher number of ounces sold and the inclusion of amortization from the Magino mine in the current period amortization of $413 per ounce was higher than the prior year period due to the higher depletion base of the leased assets inherited from Magino The Company recognized earnings from operations of $158.4 million in the fourth quarter ensure an average forward price of $1,821 per ounce the Company held certain gold option contracts which matured monthly in 2024 The Company recognized unrealized gains on these gold option and forward contracts of $5.9 million driven by the movement in gold price in the quarter The Company recognized unrealized losses of $2.0 million on gold option contracts in the prior year period The Company reported net earnings of $87.6 million in the fourth quarter compared to $47.1 million in the prior year period which included adjustments for unrealized gains on commodity hedge derivatives adjusted earnings reflect unrealized net foreign exchange losses recorded within deferred taxes and foreign exchange of $19.6 million and other adjustments totaling $0.4 million the Company sold 560,234 ounces for record operating revenues of $1.3 billion primarily driven by a higher average realized gold price and higher sale volumes including Magino ounces from the date of acquisition and amortization) for the full year were $751.1 million an 18% increase compared to the prior year Key drivers of cost of sales changes as compared to the prior year were as follows: Mining and processing costs increased to $518.9 million from $437.3 million in the prior year mining and processing costs would have been $463.1 million This increase was driven by inflationary pressures across the Company's operations and the inclusion of silver sales as an offset to mining and processing costs in the prior year Total cash costs of $927 per ounce and AISC of $1,281 per ounce in 2024 were both higher than the prior year due to the inclusion of the higher-cost ounces from Magino subsequent to the date of acquisition and the impact of inflation both metrics were affected by lower grades milled at Young-Davidson; partially offset by higher grades processed at Island Gold a 35% increase compared to $10.2 million in the prior year due to the higher average realized gold price and higher number of ounces sold Amortization of $218.4 million or $390 per ounce sold amortization was higher than the prior year due to the higher depletion base of the leased assets inherited from Magino There was a reversal of impairment losses for mineral properties plant and equipment recorded during 2024 related to the Young-Davidson mine driven by an increase in long-term gold price assumptions and consistent with the assumptions utilized by the Company in its valuation of the Magino mine The recoverable amount was determined to be greater than the carrying amount which resulted in an impairment reversal of $57.1 million ($38.6 million plant and equipment and an intangible asset The Company recognized earnings from operations of $561.9 million a 77% increase from $318.1 million in the prior year as a result of higher production and realized gold prices and a reversal of impairment of $57.1 million related to Young-Davidson The Company recognized unrealized losses on the gold option and forward contracts of $24.2 million compared to unrealized losses of $0.9 million in the prior year primarily due to the hedge book inherited from Argonaut The Company reported net earnings of $284.3 million compared to $210.0 million in the prior year Included in net earnings was a reversal of impairment of $38.6 million offset by $24.2 million of unrealized losses on commodity hedge derivatives which included adjustments for the reversal of impairment and unrealized losses on commodity hedge derivatives adjusted earnings reflects unrealized foreign exchange losses recorded in deferred taxes of $49.7 million Argonaut transaction and integration costs of $9.3 million and other adjustments totaling $6.0 million Reminder of Fourth Quarter and Year-End 2024 Results Conference Call 2025 at 11:00 am ET to discuss the fourth quarter and year-end 2024 results A playback will be available until March 22, 2025 by dialling (905) 694-9451 or (800) 408-3053 within Canada and the United States. The pass code is 4604832#. The webcast will be archived at www.alamosgold.com Cautionary Note Regarding Forward-Looking Statements  This press contains or incorporates by reference “forward-looking statements” and “forward-looking information” as defined under applicable Canadian and U.S estimates and projections as at the date of this press release Forward looking statements in this release include milling and production rates; gold grades; gold prices; foreign exchange rates; free cash flow NPV; total liquidity; returns to stakeholders; impacts of inflation; and the implementation of any tariffs; mine plans; mine life; Mineral Reserve life; Mineral Reserves and Resources; exploration potential expanding margins and increases in profitability; as well as other general information as to strategy but are not limited to: changes to current estimates of mineral reserves and resources; changes to production estimates (which assume accuracy of projected ore grade and electricity; changes in foreign exchange rates (particularly the Canadian Dollar dollar and Turkish lira); the impact of inflation and any tariffs 2021 against the Republic of Türkiye by the Company’s wholly-owned Netherlands subsidiaries and/or the development or updating of mine plans; changes with respect to the intended method of accessing and mining the deposit at PDA and changes related to the intended method of processing any ore from the deposit of PDA; risks associated with the start-up of new mines; the risk that the Company’s mines may not perform as planned; uncertainty with the Company’s ability to secure additional capital to execute its business plans; the speculative nature of mineral exploration and development The investment treaty claim described in this press release may have an impact on foreign direct investment in the Republic of Türkiye which may result in changes to the Turkish economy Additional risk factors and details with respect to risk factors that may affect the Company’s ability to achieve the expectations set forth in the forward-looking statements contained in this press release are set out in the Company's latest 40-F/Annual Information Form and MD&A under the heading “Risk Factors” risk factors and assumptions found in this press release Indicated and Inferred Resources: All resource and reserve estimates included in this press release and documents referenced in this press release have been prepared in accordance with Canadian National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") and the Canadian Institute of Mining International Financial Reporting Standards:  The consolidated financial statements of the Company have been prepared by management in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board (note 2 and 3 to the consolidated financial statements for the year ended December 31 The Company has included certain non-GAAP financial measures to supplement its Consolidated Financial Statements “Adjusted net earnings” and “adjusted earnings per share” are non-GAAP financial measures with no standard meaning under IFRS which exclude the following from net earnings (loss): for the group of costs in “other loss” on the consolidated statement of comprehensive income Transactions within this grouping are: the fair value changes on non-hedged derivatives; loss on disposal of assets; Turkish Projects care and maintenance and arbitration costs; and transaction and integration costs associated with the Argonaut acquisition The adjusted entries are also impacted for tax to the extent that the underlying entries are impacted for tax in the unadjusted net earnings and is calculated by adding back the change in working capital and taxes received to “Cash provided by (used in) operating activities” as presented on the Company’s consolidated statements of cash flows “Cash flow from operating activities before changes in working capital” is a non-GAAP financial measure with no standard meaning under IFRS The following table reconciles the non-GAAP measure to the consolidated statements of cash flows “Company-wide free cash flow" is a non-GAAP performance measure calculated from the consolidated operating cash flow (1) Relates to overdue payables at the Magino mine and transaction costs incurred by Argonaut and paid by Alamos in the third quarter "Mine-site free cash flow" is a non-GAAP financial performance measure calculated as cash flow from mine-site operating activities (1) The results for Magino are for Alamos’ ownership period from July 12 (2) Cash flow from operating activities for the period July 12 to December 31 2024 includes payment of overdue payables at Magino the Company does not include an allocation of corporate and administrative costs and share-based compensation where the these projects will materially benefit the mine site Capitalized exploration expenditures are expenditures that meet the IFRS definition for capitalization and are incurred to further expand the known Mineral Reserve and Resource at existing operations or development projects It should be not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS The measure is not necessarily indicative of cash flow from operations under IFRS or operating costs presented under IFRS (1) Corporate and administrative expenses exclude expenses incurred at development properties.(2) Sustaining capital expenditures are defined as those expenditures which do not increase annual gold ounce production at a mine site and exclude all expenditures at growth projects and certain expenditures at operating sites which are deemed expansionary in nature (1) The results for Magino are for Alamos’ ownership period from July 12 The following is a reconciliation of adjusted EBITDA to the consolidated financial statements: Unaudited Consolidated Statements of Financial Position ALAMOS GOLD INC.Consolidated Statements of Financial Position(Stated in millions of United States dollars) Consolidated Statements of Comprehensive Income (Unaudited - stated in millions of United States dollars Consolidated Statements of Cash Flows (Unaudited - stated in millions of United States dollars) Photos accompanying this announcement are available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2661e31f-eceb-4817-afa6-29384a74670d https://www.globenewswire.com/NewsRoom/AttachmentNg/b3ba303a-785c-40e9-a4cf-f2a2373819dc (AGI) reported a robust first quarter with gold production reaching 125,000 ounces The company is strategically targeting a 20% reduction in all-in sustaining costs (AISC) by the second quarter This cost-efficiency initiative is expected to bolster performance Alamos Gold aims to increase its production capacity to 600,000 ounces by 2025 and further to 900,000 ounces by 2028 The consensus among six brokerage firms pegs Alamos Gold Inc's (AGI, Financial) average recommendation at 1.7 signaling an "Outperform" status This rating is part of a scale ranging from 1 to 5 where 1 denotes a Strong Buy and 5 signifies a Sell Students work in teams on assigned research projects and are mentored by Los Alamos National Laboratory R&D engineers and scientists Formal technical and career-development tutorials are offered throughout the program Students' objective is to perform research that will develop innovative solutions to Laboratory mission-relevant problems defined by their mentors Acceptance into the program is based on academic record students should have sufficient academic achievement that they are Students are placed into three-person multi-disciplinary teams assigned a research project to be completed in an intense ten-week time frame The goal is for the students to produce results and document their research in a manner suitable for reporting at professional conferences Many summer school students will prepare a paper for and present their research results at a conference taking place the following winter Read about Previous Projects and Speakers Weekly lectures are offered on various aspects of dynamic systems: In most cases the students will apply the materials presented in these lectures to their projects A professional development seminar series covers topics such as applying to graduate school and graduate fellowships Participation in LADSS has had a lasting impact on many of its participants. 81 past LADSS participants have won National Science Foundation (NSF) or National Defense Science and Engineering Graduate (NDSEG) fellowships 58 past participants have returned to the Laboratory as research staff Many of them have gone on to become LADSS mentors and continue the tradition of supporting students in their efforts to further their studies and careers To get an idea of your possible fellowship payment, you can check the Student Programs office Salary Information for student employees. Please be sure to look at the Technical category of employee, not Professional. Additionally, all travel costs for attending and presenting at the conference are covered. The application is currently closed for 2025.  As part of the application process you will need to submit the following: 2025 FlyerFrequently Asked Questions (pdf)Advice from Alumni (pdf)Questions?Looking for more information? The leadership team is fully committed to enabling the Laboratory’s mission while supporting its people and further enhancing the culture. Our vision is to be trusted by our nation, emulated by our peers, and respected by the world. We cultivate a culture where how we work is as important as what we do. This evolving, iterative journey includes proactively managing risk, focusing on our work, and relying on continuous learning to strengthen this foundation. Service | Integrity | Teamwork | Excellence and MoreThe High School Internship Program offers qualified New Mexico high school seniors the chance to develop valuable skills and gain hands-on work experience while exploring a variety of career fields With internships available in both STEM and other areas such as business and operations support this program helps students prepare for their future This program provides a unique opportunity to grow professionally and learn about potential career paths The best way to improve your chances of getting an internship at the Lab is to reach out to prospective mentors working on projects that align with your academic and professional interests. The High School Internship Book is a great resource for identifying prospective mentors. (AGI) released its financial results for the first quarter of 2025 reporting a gold production of 125,000 ounces aligning with the lower end of its quarterly guidance The company's revenue for the quarter reached $333 million derived from selling 117,583 ounces of gold at an average realized price of $2,802 per ounce While these figures presented robust revenue growth compared to the same period last year the total cash costs per ounce and all-in sustaining costs (AISC) were reported at $1,193 and $1,805 mainly due to increased share-based compensation and operational costs at Young-Davidson and Magino mines Alamos generated $79.6 million from operations despite a negative free cash flow of $20.1 million influenced by cash tax payments and the fulfillment of a gold prepayment obligation The company ended the quarter with cash and equivalents amounting to $289.5 million maintaining a strong net cash position in light of $250 million drawn from its credit facility Alamos Gold made significant strides with its Lynn Lake project with construction expected to commence soon aiming for initial production in early 2028 This project decision is anticipated to increase the company’s consolidated annual production to approximately 900,000 ounces Alamos secured an Impact Benefit Agreement with Mathias Colomb Cree Nation facilitating the advancement of the Lynn Lake project free from regulatory hurdles Despite production challenges at certain sites the company remains optimistic about meeting its full-year guidance projecting enhanced performance due to operational improvements and strategic expansions including the ongoing development of the Island Gold District Alamos Gold (AGI) recently announced its financial results for the first quarter this figure missed market expectations by $0.05 The company generated $333 million in revenue during this period underperforming analyst forecasts by a significant $30.26 million Despite a notable 20% increase in revenue compared to the same quarter last year these results led to a 7.78% decline in the share price during after-hours trading According to the consensus from six brokerage firms, Alamos Gold Inc (AGI, Financial) holds an average brokerage recommendation of 1.7 which indicates an "Outperform" status where 1 signifies a Strong Buy and 5 denotes a Sell Investors should pay close attention to these recommendations as they reflect analysts' insights into the stock's future performance Student HousingHousing resources to assist you in your search for your new home Service Academies & ROTC Research AssociatesThe SARRA program brings service academy and ROTC students to the Lab for summer internships. Interns alongside the world’s best scientists and engineers to help solve national security challenges. Summer SchoolsPrograms that give students the opportunity to work with scientists on research projects that address emerging challenges in national security. 10 Important Things to Keep in Mind During Your First Week at LANLRead MoreFrequently Asked QuestionsRead MoreCurrent OpportunitiesView all currently availible graduate level internships Post-Master'sLooking for Postdoc Opportunities?Visit the Postdoc Programs Office for more information Whether you're coming from a government facility the private sector or have just finished your degree at Los Alamos you will find a diverse workplace with roles of all kinds and endless upward momentum for a long-lasting and ever-changing career We have an exceptional safety and compliance culture working under government security clearance standards and a highly skilled workforce who specialize in everything from engineering Our missions include plutonium pit production manufacturing for NASA deep space missions is the nation’s premiere plutonium science and manufacturing facility Organized under the associate laboratory directorate of Weapons Production (ALDWP) PF-4 missions enable credible and sustainable strategic deterrence for the Nation through our research Many other facilities within ALDWP also support non-nuclear production including detonators and weapons components ALDWP is a growing organization with more than 1,500 employees and ample opportunities for mid-career technicians engineers and more coming from Colorado or across the nation is the nation’s most modern plutonium science and manufacturing facility and is the only fully operational plutonium facility with complete process and analysis capabilities in the nation our people and the scope of our facilities LANL not only offers highly competitive compensation a best-in-class 401(k) with up to 6% matching and an additional 3.5% non-elective employer contribution Time off benefits include instantly accruing Paid Time Off Our generous relocation package will help make your move easy Relocation reimbursement covers one house-hunting trip packing and shipping of your household items Enjoy a great life in the healthiest county in the U.S Los Alamos and its neighboring residential community White Rock are surrounded by national forest lands You can be on the trail within a few minutes of getting off shift and enjoy more than 300 days of sunshine throughout the year Many employees also live in nearby communities such as Española where both the activities and housing offer a different set of options and awe-inspiring views Research and Development (R&D) Engineers are responsible for providing integrated R&D to address engineering challenges in LANL’s Plutonium Facility and practices to contribute to solutions for a broad range of technical challenges of national importance members of this team assist in the research verification and validation of engineering and technology solutions in support of R&D and Operations initiatives Nuclear & Hazardous Materials Techs play an integral role in our operations by ensuring safe and compliant waste management across a variety of our facilities From handling drums or forklifts to documenting hazardous or radiological materials to managing storage areas members of this team play a key role in the Laboratory’s nuclear material handling in direct support of the nuclear deterrence mission Technical Project Managers are responsible for collecting and converting raw data into useful information that can be interpreted and consumed by engineers and managers for process improvement and decision making With demonstrated knowledge of data management and experience in planning and data systems you’ll be responsible for aligning that data with multiple production management requirements in our Plutonium Facility’s day-to-day operations and overall direction for execution of a given national security portfolio We rely on you to serve as a liaison across agencies throughout the national security enterprise planning progress against milestones and creating an environment for cross-agency collaboration and teamwork Engineering Technologists execute and use the principles of mechanical and electrical engineering to solve technical problems in support of engineering for plutonium pit manufacturing and surveillance in the nuclear stockpile work at Los Alamos We rely on this position to support engineering and the development of tooling and equipment for various projects Engineering Technologists have technical knowledge of CNC machines and programming and are committed to continuous improvement you will work in a team environment within LANL's nuclear facility to manufacture product support material movement and support glove box operations The majority of the daily work is "hands-on" glovebox work in support of plutonium processing You will be responsible to have a depth of understanding of Conduct of Operations and environment compliance requirements and your work will play a key role in national strategic deterrence Aspen Studio Apartments are one of the two properties Los Alamos County is considering offering as affordable housing through a private/public partnership with 9th Street Apartments Thunderbird Apartments is the second apartment complex being considered for affordable housing Affordable housing has been a long-time theme in Los Alamos It has been investigated and discussed constantly but during the March 11 Los Alamos County Council meeting a concrete plan was presented to expand the County’s affordable housing options This plan suggests a public/private partnership to purchase deed restrictions on existing apartment units to provide them to income qualified tenants at below market rates for 20-years Acting Community Development Director Dan Osborn explained what this partnership would entail The partnership would include the County and 9th Street Apartments 24 studio apartment units in the Thunderbird Apartments and 63 units in the Aspen Studio Apartments would be deed restricted at less than or equal to 45 percent of the area median income (AMI) for 20 years “This project is to provide affordable housing for income qualified households … (it) provides more diverse housing options for low- and moderate-income households,” Osborn said The justifications for this project are numerous Osborn noted that rent prices for existing studios to one-bedroom apartments are steep “We took a pretty broad look at available units across the community – there’s a pretty wide range – the top is very expensive and there is not very many of them available,” he said rent for studio and one-bedroom units in the County range from $1,250 to more than $2,900 per month Osborn said that a recent analysis of 10 multi-family properties with studio and one-bedroom units in proximity to the proposed affordable units indicated rents ranged from $925 to $2,931 this proposal will immediately provide permanently affordable long-term units Council Chair Theresa Cull asked what the cost would be to construct housing from scratch and Osborn estimated it would range from $250,000 per unit Not only are the rental prices high but there is low availability and long waiting lists Osborn reported that the Canyon Walk and The Bluffs housing developments have approximately 100 individuals on their waiting list There is not only a high demand for rental properties but also for housing vouchers; Osborn said 83 individuals utilize vouchers and there are another 124 on the waiting list The proposed partnership could alleviate some of the demand and offer affordability “This public/private partnership which represents a significant opportunity to achieve the council’s goal by leveraging private investment capital with affordable housing grants that will allows us to preserve these units,” he said Osborn broke down how it would work: For renters making 45 percent AMI or less rent would be 30 percent of their monthly income Rents are set for year one through year seven It would be restricted to approximately 35-40 percent of the AMI for new residents the average rent for year one would be $900; year two the average rent would be $945 $1,138 in year six and $1,183 in year seven “I would like to note that those rents are set between that 30 so I think that is a bonus and a plus to the community and to this project and our participation,” he said Regarding the rents starting year eight through year 20 Osborn reported that “income qualified residents will be restricted to those making at or below 45 percent AMI with the rents then set to 30 percent of the qualified incomes.” The rent could increase no more than seven percent each year if a person is making 45 percent of the AMI it would be 30 percent of their annual income or $1,233 a month then there are off-ramps for them to pay an appropriate amount in rent and if they make more than 80 percent AMI they would have two years to find alternative housing options These units also will not be available for short-term or transient housing Osborn said the plan is to offer six-month or one-year leases He identified funding sources for this project which include a $3,480,000 County affordable housing grant for the deed restriction and a $520,000 grant for rehabilitation projects as well as $4,953,950 from private capital It is expected acquisition costs would be $6,133,700 and capital improvements would total $2,300,250 Osborn said the units are in good condition despite their approximately 70-year-old age “I have walked some of the units in the building and I have found them to be in good condition.” There are obligations the developer is expected to meet County Manager Anne Laurent commented that the County is not breaking the anti-donation clause by participating in this partnership “The anti-donation clause has an exemption for affordable housing,” she said “This is one way where it is very clear that local governments are able to subsized a private development for the purpose of affordable housing We have done all the steps that we need to do legally by adopting our affordable housing plan … that enables us to have this conversation.” Several councilors expressed enthusiasm for the project “This project to me demonstrates putting your money where your mouth is,” Councilor Beverly Neal-Clinton said “I don’t have enough words to say how much we need affordable housing and this to me is just smart.” Councilor Ryn Herrmann said it could be a huge asset to businesses “I am always concerned about trying to help the small business community and this is a great way we can do that,” she said “I think that while this is a small project it still chips at a lot of our strategic goals,” Council Vice Chair Suzie Havemann said “The benefit to our business community to hopefully help them with recruitment and retention of wage-earning employees maybe young employees … quality of life enhancements … I think it just makes the town more livable when you can potentially offer homes for seniors for young people … recently displaced people … that opens housing for other income levels…” Councilor David Reagor questioned what the savings would be to renters each month if we are looking at overall numbers for the life of the project It is about $166 per month (subsidy) over the 20-year life of the project,” Osborn said it is pretty good bang for our buck … we are buying a deed restriction that will hold those rents below a certain rate That cost will be $166 over the 240 months that we are a participant in this project.” Osborn said he plans to return to Council March 25 for a continued conversation and a formal land development agreement for the rehabilitation of the units and the affordable housing component deed restriction He added the hope is to sign off on the agreement and close on the property in April Copyright © 2012-2025 The Los Alamos Daily Post is the Official Newspaper of Record in Los Alamos County This Site and all information contained here including graphs and graphics is the property of the Los Alamos Daily Post Permission to reprint in whole or in part is hereby granted provided that the Los Alamos Daily Post and author/photographer are properly cited columnists and other contributors do not necessarily reflect the views of the Los Alamos Daily Post The Los Alamos Daily Post newspaper was founded Feb Scene outside the Los Alamos Cantina following a fire this morning at 157 Central Park Square Scene outside the Los Alamos Cantina following a fire this morning at 157 Central Park Square. Photo by John McHale/ladailypost.com A fire broke out this morning in a kitchen shared by Los Alamos Cantina at 157 Central Park Square and the Pyramid Cafe at 155 Central Park Square. There were no injuries to firefighters on scene and the building was searched concurrent to fire control assignments and no occupants were found, the building was empty at the time. The Los Alamos Chamber of Commerce and the MainStreet programs are working with the owner and manager of these eateries to explore ways the community can support them during this difficult time. More information will be shared soon. A large crowd gathers Wednesday afternoon  just outside the Canyon Road tennis courts to celebrate the completion of the Urban Trail. Photo by Kirsten Laskey/ladailypost.com Los Alamos County Council Chair Theresa Cull speaks at Wednesday’s ribbon cutting ceremony for the new Urban Trail. Photo by Kirsten Laskey/ladailypost.com  Los Alamos County Deputy Manager Juan Rael speaks at Wednesday’s ribbon cutting ceremony for the Urban Trail. Photo by Kirsten Laskey/ladailypost.com Los Alamos County Public Works Director Eric Martinez speaks at Wednesday’s ribbon cutting ceremony for the Urban Trail. Photo by Kirsten Laskey/ladailypost.com Trail Project Manager Keith Wilson speaks at Wednesday’s ribbon cutting ceremony for the Urban Trail. Photo by Kirsten Laskey/ladailypost.com Los Alamos resident Brenda Fleming planted an idea nine years ago for an urban bike path; her suggestion took root, grew and produced the Urban Trail. After nine years of planning and construction, the community gathered Wednesday afternoon on the Urban Trail boardwalk, the signature feature of the project near the Canyon Road tennis courts, to celebrate the completion of the Urban Trail. According to the Los Alamos County website, the trail is just shy of a mile long; it runs along 20th Street beginning at the intersection of Trinity Drive, continues through Fuller Lodge’s lawn to the intersection of Ponderosa Street and Spruce Street and through a wooded area near the tennis courts and along Canyon Road to the Aquatic Center. At 10 feet wide, the paved trail is ADA compliant and accommodates all users. The budget for the project was approximately $6.8 million but was completed under budget near $6.1 million. It was reported during Wednesday’s celebration that most of the funding came from state grants through the New Mexico Department of Transportation. Los Alamos County Council Chair Theresa Cull said she was pleased with the results. “This project is years in the making, and it is incredible to see it come to life,” she added. Public Works Director Eric Martinez offered some background on the project. “This all started nine years ago … a local resident presented a petition to council … requesting the county of Los Alamos develop an urban bike path through the center of town, past historical places, and connect to the Rim Trail, suitable for strollers, wheelchairs, scooters, bikes, trailers and walkers,” he said. “This path is desired to be a paved two-lane trail, separate from roads and sidewalks where possible. So, I hope we achieved that goal.” Martinez described Fleming as the person who championed the project. From her work, a sub-committee of citizens and staff was formed at the direction of the Transportation Board, he said. The sub-committee worked to develop a planning map, which would be included in the County’s bike plan. This bike plan, which Martinez said was the first of its kind for Los Alamos, was key in getting the Urban Trail funded and developed. “I feel it was key to acquiring the millions of dollars of grant funds … that set the stage for everything you see here,” he said. Project Manager Keith Wilson and Deputy County Manager Juan Rael emphasized it was a team effort to get the trail completed. Individuals including contractors, the design consultant, the New Mexico Department of Transportation staff, past and present councilors, Public Works Department staff, Community Services Department staff all contributed. Some of those individuals attended the celebration Wednesday, including Fleming, who did the honors of snipping the red ribbon to ceremoniously open the Urban Trail for business. Looking at the final product of what her petition inspired, Fleming said, “I feel just so grateful to everyone who contributed. It’s a pretty amazing community we live in, here.” “It just makes me happy,” she explained. “It’s awesome.” A view of the newly completed Urban Trail. Photo by Kirsten Laskey/ladailypost.com The newly installed sign for the Urban Trail. Photo by Kirsten Laskey/ladailypost.com Promoting and supporting high-quality, cutting-edge science in the areas of astrophysics, space physics, solid planetary geoscience, and climate science. The Center for Space and Earth Science (CSES) at Los Alamos National Laboratory is committed to promoting and supporting high quality, cutting-edge science in the areas of astrophysics, space physics, solid planetary geoscience, and climate science. These subject areas are selected based on their breadth of scientific challenges facing the international scientific community, as well as relevance to the strategic objective to extend Laboratory scientific excellence. CSES/LANL makes a special effort to promote and support new research ideas, which can be further developed through seed funding into major programs supported by federal or other funding sources. CSES also supports feasibility studies, in order to assess the potential for seed projects to rapidly advance to new capabilities and program growth. Collaborations between Los Alamos National Laboratory and university scientists is an effective way to promote creativity and extend science beyond today’s understanding.  As part of our strategy to encourage university collaborations, we strongly encourage participation of students and/or post docs, who in turn spend part of their research experience working with the Los Alamos scientific staff. Visiting LANLLANL HomeEngageVisiting LANLDiscover the many advantages of living and working in Los AlamosThe enchanting surroundings and rich history make Los Alamos so much more than just a place to do great workLos Alamos National Laboratory (LANL) is located in Los Alamos in the northern region of the Land of Enchantment Once you learn about our area and everything it has to offer you can easily picture yourself living here Returning Expired BadgesDo not return badges to the Badge Office in person Use the drop box at the top of the ramp going into the Otowi Building Overnight Mail:Los Alamos National LaboratoryATTN: Badge OfficeBikini Atoll Rd. U.S. citizen employees must present a photo ID and proof of U.S. citizenship. See Security Smart on Proof of United States Citizenship for the Badge Office (pdf) and Badge Office ID Cheat Sheet (pdf) Foreign national guests and employees must have an approved visit and present a valid passport, I-94 Arrival/Departure Record (when appropriate) and their respective immigration document (permanent resident card Official visitors are those who have been invited by a laboratory or contractor host employee It is the host's responsibility to take care of any necessary badges or access permission and arrange to meet guests at a designated place Los Alamos Daily Post Los Alamos Public Schools Pajarito Environmental Education Center University of New Mexico – Los Alamos Fuller Lodge Art Center Los Alamos Little Theatre Aquatic Center Golf Course Ice Rink Library Los Alamos County Website Bradbury Science Museum Historical Society Atomic City Transit Los Alamos County Airport NMDOT Park & Ride Rail Runner Express Sandia Shuttle Express Chamber of Commerce Bandelier National Monument Family YMCA Jemez Springs Los Alamos Mountaineers Ski Pajarito Mountain Tuff Riders Mountain Bike Club Valles Caldera National Preserve Map room T200Hours:M-F7:00-12:00 & 1:00-3:30 Map PIV Updates/PIV pin resets, PIV enrollments, and zTokens only, no other badging services available at this time. Pacheco Building, 1st floor, room FA08(2025 S Pacheco st, Santa Fe, NM)Hours:M-Th8:00-12:00 & 1:00-3:30 Note: Location requires active badge to access RLUOB, 4th floor, room 4100Hours:M-Th7:00-12:00 & 1:00-3:30 Our workforce specializes in a wide range of progressive science, technology, and engineering across many exciting fields, including space exploration, geophysics, renewable energy, supercomputing, medicine, and nanotechnology. or 2) submit a general vacancy application for consideration We encourage applicants to apply for specified positions on the lanl.jobs website as these positions are actively seeking applicants The Postdoctoral Committee will review all packages to ensure quality of the applicant and scope and relevance of proposed research to Los Alamos National Laboratory missions Identify a Mentor - To be considered for a postdoc appointment, a candidate must be nominated and sponsored by a member of the Laboratory's technical staff. A candidate can identify a sponsor by: If you would like to learn about specialists in a certain field, we recommend that you search the Lab’s individual researcher web pages. As you write to the staff member, we recommend that you include some information about your research background, what you found interesting about their research, and how your research compliments that of the Lab staff member.  Please be aware that not all of the Lab’s technical staff is currently hiring looking for a a postdoc on their team.  Selection for postdoc appointments is extremely competitive and determined by the candidate's academic qualifications, research excellence, demonstrated leadership and collaborative skills. Laboratory technical staff routinely review postdoctoral CVs, uploaded during the application process, and contact candidates who are a strong match for their research. After the application, there is an interview process, and, if selected, compilation of a postdoc package and research proposal.  Enjoy an extraordinary life in Northern New Mexico. Los Alamos National Laboratory is located in Los Alamos, New Mexico – in the northern region of the Land of Enchantment. New Mexico offers deserts, forests, mountains, vibrant cities, and a rich culture and history. Our comprehensive benefits package offers health coverage for you and your eligible family members today and financial plans to help you prepare for the future. Find the answers you're looking for Show off your love of cinema (and exquisite taste) wherever you go with our exclusive line of jewelry, Cinema Charms. These elegant pieces are designed specifically for movie lovers and capture a little of the magic of the theater in gorgeous, 14k gold-plated charms. These limited-edition charms are only available at AlamoMart, so order yours to start building your collection today. 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Alamo-exclusive apparel, drinkware, collectibles, and more. made a major enhancement to the Laboratory’s ability to achieve its mission made a significant impact on Laboratory sustainability or established a major direction for the Laboratory and/or the nation 2024Alan Bishop was recognized for his broad impact on the Laboratory Brad Meyer was recognized for enabling Los Alamos' mission without nuclear testing Bette Korber for her extremely innovative and insightful viral evolution and vaccine design efforts for pathogens such as HIV and SARS-CoV-2 Fred Mortensen for his extraordinary efforts deriving certification methodology that became the cornerstone for the Stockpile Stewardship and Advanced Strategic Computing Programs Pedicini for his work over the last 38 years at the Laboratory as a weapons scientist and designer and a foreign threats assessor Geoffrey West for his contributions to scaling theory that have changed the course of science in the fields of particle physics West was named one of Time Magazine’s “100 Most Influential People of 2006.” Paul Whalen for his role as a primary weapons designer and a developer and manager of the complex physics computational system that was developed to make a positive impact on national security and the Laboratory’s weapons program Whalen came to the Laboratory during the Cold War in 1956 to perform weapons simulation on developing designs Howard Menlove for his innovation and implementation of a series of key sensors and instruments that are still the backbone of the international safeguards systems used by the IAEA to determine nations’ compliance with various treaties and agreements Scott Cram (Foundations of Human Genome team) for distinct contributions enabling significant progress in the Human Genome Project Larry Deaven (Foundations of Human Genome team) for distinct contributions enabling significant progress in the Human Genome Project Robert Moyzis (Foundations of Human Genome team) for distinct contributions enabling significant progress in the Human Genome Project Walter Goad (Foundations of Human Genome team) for distinct contributions enabling significant progress in the Human Genome Project Darleane Hoffman for her accomplishments and exceptionally distinguished career in nuclear science and her pioneering work at the frontier of the periodic table Wojciech Zurek for his pioneering and seminal contributions to the foundations of quantum mechanics and to quantum information science that have changed the course of this field internationally 2008Robert D. Cowan for his world-recognized contributions to the theory of atomic structure and spectra Sig Hecker for his many important and signature contributions to scientific research and national policy promoting the importance of the study of terrorism as an emerging threat and acting as a senior representative of the nuclear weapons complex in the North Korea nuclear weapons situation Keith Boyer for being the intellectual force behind Los Alamos’s entry into magnetic fusion Stirling Colgate for a wide array of outstanding contributions to astrophysics research (nuclear diagnostics and gamma ray bursts) and for dedication to mentoring the next generation Francis “Frank” Harlow for his role in spearheading the science field of computational fluid dynamics Conrad "Connie" Longmire for his key role in developing an understanding of some of the fundamental processes in weapons performance Nerses “Krik” Krikorian for his lifelong contributions to national security George Cowan for his pioneering work in radiochemical techniques his measurements of fundamental physical properties of neutrons from nuclear explosions and for scientific leadership in the Laboratoryand the community Louis Rosen for his vision and sustained contributions to nuclear science and application Harold Agnew for his leadership during the Laboratory’s formative years and its ascension to international stature Hans Bethe for his role as a scientific visionary and leader, mentor, and role model to the Laboratory from its inception. the partnership we have continues to support our mission to solve national security challenges through scientific excellence by developing and applying science and technology solutions to ensure the safety We develop and maintain strategic supplier relationships that bring long term value to internal and external customers. Our ASM-Supplier Management group is here to answer any questions, if you can’t find the information you need in our resources page, please contact us at aribasuppliers@lanl.gov. We seek to do business with qualified companies offering value and high-quality products and services The Los Alamos National Laboratory (LANL) Planned and Open Procurement Opportunities webpage is intended to help suppliers identify potential subcontracting opportunities and to aid LANL in identifying responsible sources of suppliers Please visit LANL's public Ariba Discovery profile for the list of active competitive business opportunities greater than $250K  Ariba Discovery Overview and Learning * To respond to a posting in Discovery or add to your watch list you must be logged in to your Ariba Network account You will be given the opportunity to register if you do not yet have an Ariba account.** To ask a question about the posting in Discovery you do not need to be logged in to Ariba DOE acquisition forecast   Sandia National Laboratories' business opportunities SAM.gov contract opportunities  Ariba DiscoveryRead MoreLog Into Your Ariba AccountYou can access your account by logging into Ariba. Select Business Network on the top left corner, then select Proposals and Questionnaires. Managing Your Existing LANL Supplier ProfileYou will receive annual reminders to update your LANL supplier profile within Ariba; however it is important that your LANL profile stays up-to-date within Ariba to avoid any delays with orders or payments this can be done at any time by following these instructions: You can access your account by logging into Ariba. Select Business Network on the top left corner From here you can review all your questionnaire documents and make changes to the following: For additional resources and learning materials checkout the SAP Business Network - Supplier Learning Site If you have questions on purchase orders please reach out to your LANL buyer or go to our accounts payable page for payment and invoice guidance Get more payment and Invoice guidance