<SEC-DOCUMENT>0001178819-20-000057.txt : 20200716
<SEC-HEADER>0001178819-20-000057.hdr.sgml : 20200716
<ACCEPTANCE-DATETIME>20200715174452
ACCESSION NUMBER:		0001178819-20-000057
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20200715
FILED AS OF DATE:		20200716
DATE AS OF CHANGE:		20200715

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ALAMOS GOLD INC
		CENTRAL INDEX KEY:			0001178819
		STANDARD INDUSTRIAL CLASSIFICATION:	GOLD & SILVER ORES [1040]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			A6
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-35783
		FILM NUMBER:		201030270

	BUSINESS ADDRESS:	
		STREET 1:		181 BAY STREET
		STREET 2:		SUITE 3910
		CITY:			TORONTO
		STATE:			A6
		ZIP:			M5J 2T3
		BUSINESS PHONE:		416-368-9932

	MAIL ADDRESS:	
		STREET 1:		181 BAY STREET
		STREET 2:		SUITE 3910
		CITY:			TORONTO
		STATE:			A6
		ZIP:			M5J 2T3
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>a6kalamosphaseiiiexpansion.htm
<DESCRIPTION>6-K
<TEXT>
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<div><a name="s975B1E92A6947A19E7E752DBCA560F7D"></a></div><div><div style="line-height:144%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:144%;text-align:center;font-size:18pt;"><font style="font-family:inherit;font-size:18pt;font-weight:bold;">UNITED STATES</font></div><div style="line-height:144%;text-align:center;font-size:18pt;"><font style="font-family:inherit;font-size:18pt;font-weight:bold;">SECURITIES AND EXCHANGE COMMISSION</font></div><div style="line-height:144%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Washington, D.C. 20549</font></div><div style="line-height:120%;padding-bottom:9px;text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:19.53125%;border-collapse:collapse;text-align:left;"><tr><td colspan="1"></td></tr><tr><td style="width:100%;"></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div><div style="line-height:144%;padding-top:20px;text-align:center;font-size:18pt;"><font style="font-family:inherit;font-size:18pt;font-weight:bold;">Form 6-K</font></div><div style="line-height:120%;padding-bottom:9px;text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:19.53125%;border-collapse:collapse;text-align:left;"><tr><td colspan="1"></td></tr><tr><td style="width:100%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div><div style="line-height:144%;padding-top:17px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">REPORT OF FOREIGN PRIVATE ISSUER</font></div><div style="line-height:144%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">PURSUANT TO RULE 13a-16 OR 15d-16</font></div><div style="line-height:144%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">UNDER THE SECURITIES EXCHANGE ACT OF 1934</font></div><div style="line-height:144%;padding-top:12px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">For the month of July, 2020</font></div><div style="line-height:144%;padding-top:12px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Commission File Number: 001-35783</font></div><div style="line-height:120%;padding-bottom:9px;text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:19.53125%;border-collapse:collapse;text-align:left;"><tr><td colspan="1"></td></tr><tr><td style="width:100%;"></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div><div style="line-height:144%;padding-top:21px;text-align:center;font-size:24pt;"><font style="font-family:inherit;font-size:24pt;font-weight:bold;">Alamos Gold Inc.</font></div><div style="line-height:144%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(Translation of registrant&#8217;s name into English)</font></div><div style="line-height:120%;padding-bottom:9px;text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:19.53125%;border-collapse:collapse;text-align:left;"><tr><td colspan="1"></td></tr><tr><td style="width:100%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div><div style="line-height:144%;padding-top:4px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Brookfield Place, 181 Bay Street, Suite 3910</font></div><div style="line-height:144%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Toronto, Ontario, Canada</font></div><div style="line-height:144%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">M5J 2T3</font></div><div style="line-height:120%;padding-bottom:9px;text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">(Address of principal executive office)</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:19.53125%;border-collapse:collapse;text-align:left;"><tr><td colspan="1"></td></tr><tr><td style="width:100%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div><div style="line-height:144%;padding-top:16px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.</font></div><div style="line-height:144%;padding-top:12px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Form 20-F&#160;&#160;</font><font style="font-family:Wingdings;font-size:10pt;">o</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Form 40-F&#160;&#160;</font><font style="font-family:Wingdings;font-size:10pt;">x</font></div><div style="line-height:144%;padding-top:12px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):&#160;&#160;</font><font style="font-family:Wingdings;font-size:10pt;">o</font></div><div style="line-height:144%;padding-top:12px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):&#160;&#160;</font><font style="font-family:Wingdings;font-size:10pt;">o</font></div><div style="line-height:144%;padding-top:12px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.</font></div><div style="line-height:144%;padding-top:12px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Yes&#160;&#160;</font><font style="font-family:Wingdings;font-size:10pt;">o</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; No&#160;&#160;</font><font style="font-family:Wingdings;font-size:10pt;">x</font></div><div style="line-height:144%;padding-top:12px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">If &#8220;Yes&#8221; is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-&#160;&#160;.</font></div><div><br></div><div><div style="line-height:144%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:144%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:144%;padding-top:12px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">EXHIBIT INDEX</font></div><div style="line-height:120%;padding-bottom:9px;text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;"><br></font></div><div style="line-height:120%;padding-left:4px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="3"></td></tr><tr><td style="width:11%;"></td><td style="width:1%;"></td><td style="width:88%;"></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-top:2px;text-align:center;padding-left:4px;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">EXHIBIT</font></div><div style="padding-bottom:2px;text-align:center;padding-left:4px;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">NO.</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:2px;text-align:left;padding-left:4px;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">DESCRIPTION</font></div></td></tr><tr><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:2px;text-align:center;padding-left:4px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">99.1</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="padding-bottom:2px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Press release: Alamos Gold Announces Phase III Expansion of Island Gold to 2,000 tpd, dated July 14, 2020.</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div><div style="line-height:100%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><br></div><div><div style="line-height:144%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:144%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:144%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">SIGNATURES</font></div><div style="line-height:144%;padding-top:12px;text-align:left;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</font></div><div style="line-height:120%;padding-bottom:9px;text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;"><br></font></div><div style="line-height:120%;padding-left:4px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="7"></td></tr><tr><td style="width:36%;"></td><td style="width:2%;"></td><td style="width:5%;"></td><td style="width:13%;"></td><td style="width:7%;"></td><td style="width:2%;"></td><td style="width:35%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:2px;text-align:left;padding-left:4px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Alamos Gold Inc.</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:2px;text-align:left;padding-left:4px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Date: July 15, 2020</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:2px;text-align:left;padding-left:4px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">By:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:2px;text-align:left;padding-left:4px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">/s/  Scott Parsons</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:2px;text-align:left;padding-left:4px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Name:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:2px;text-align:left;padding-left:4px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Scott Parsons</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:2px;text-align:left;padding-left:4px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Title:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:2px;text-align:left;padding-left:4px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Vice President, Investor Relations</font></div></td></tr></table></div></div><div style="line-height:144%;padding-top:4px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><br></div><div><div 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<TYPE>EX-99.1
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<FILENAME>ex991alamosphaseiiiexpansi.htm
<DESCRIPTION>EXHIBIT 99.1
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<div><a name="s12B99061E848C573EAA152DBCAFD6449"></a></div><div><div style="line-height:120%;text-align:right;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;color:#000080;">FOR IMMEDIATE RELEASE</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;padding-left:4px;font-size:22pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:98.93719806763285%;border-collapse:collapse;text-align:left;"><tr><td colspan="3"></td></tr><tr><td style="width:8%;"></td><td style="width:51%;"></td><td style="width:41%;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:2px;padding-top:2px;padding-left:4px;"><img src="logo2a27.gif" alt="logo2a27.gif" style="height:40px;width:40px;"></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:2px;text-align:left;padding-left:48px;text-indent:-48px;font-size:22pt;"><font style="font-family:inherit;font-size:22pt;font-weight:bold;">Alamos Gold Inc.</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:2px;text-align:left;padding-left:4px;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">Brookfield Place, 181 Bay Street, Suite 3910, P.O. Box #823</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:2px;text-align:left;padding-left:4px;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">Toronto, Ontario  M5J 2T3</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:2px;text-align:left;padding-left:4px;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">Telephone: (416) 368-9932 or 1 (866) 788-8801</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div><div style="line-height:120%;padding-left:4px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:98.93719806763285%;border-collapse:collapse;text-align:left;"><tr><td colspan="5"></td></tr><tr><td style="width:18%;"></td><td style="width:20%;"></td><td style="width:20%;"></td><td style="width:22%;"></td><td style="width:20%;"></td></tr><tr><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:5px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div><div style="line-height:144%;padding-top:2px;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">All amounts are in United States dollars, unless otherwise stated.</font></div><div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;font-weight:bold;">Alamos Gold Announces Phase III Expansion of Island Gold to 2,000 tpd </font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">Expansion to Drive 72% Increase in Average Annual Gold Production to 236,000 Ounces and 30% Decrease in All-in Sustaining Costs to $534 Per Ounce</font></div><div style="line-height:120%;padding-top:16px;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Toronto, Ontario (July 14, 2020) - </font><font style="font-family:Arial;font-size:11pt;font-weight:bold;">Alamos Gold Inc.</font><font style="font-family:Arial;font-size:11pt;">&#32;(</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;">TSX:AGI; NYSE:AGI</font><font style="font-family:Arial;font-size:11pt;">) (&#8220;Alamos&#8221; or the &#8220;Company&#8221;) today reported results of the positive Phase III Expansion Study conducted on its Island Gold mine, located in Ontario, Canada. Based on the results of the study, the Company is proceeding with an expansion of the operation to 2,000 tonnes per day (&#8220;tpd&#8221;) (&#8220;Shaft Expansion&#8221;). This follows a detailed evaluation of several scenarios which demonstrated the Shaft Expansion as the best option, having the strongest economics, being the most efficient and productive scenario, and the best positioned to capitalize on further growth in Mineral Reserves and Resources. All amounts are in United States dollars, unless otherwise stated.  </font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">Phase III Expansion Study Highlights - Shaft Expansion </font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:46px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:11pt;padding-left:22px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">Average annual gold production of 236,000 ounces per year</font><font style="font-family:Arial;font-size:11pt;">&#32;starting in 2025 upon completion of the shaft. This represents a 72% increase from the mid-point of previously issued 2020 production guidance </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:46px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:11pt;padding-left:22px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">Industry low average total cash costs of $403 per ounce of gold and mine-site all-in sustaining costs of $534 per ounce</font><font style="font-family:Arial;font-size:11pt;">&#32;starting in 2025, a 19% and 30% decrease from the mid-point of previously issued 2020 guidance, respectively</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:11pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">After-tax net present value (&#8220;NPV&#8221;) of $1.02 billion</font><font style="font-family:Arial;font-size:11pt;">&#32;at a 5% discount rate and an after-tax internal rate of return (&#8220;IRR&#8221;) of 17%, using a base case gold price assumption of $1,450 per ounce and a USD/CAD foreign exchange rate of $0.75:1</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:11pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">After-tax NPV of $1.45 billion and an after-tax IRR of 22%</font><font style="font-family:Arial;font-size:11pt;">, at a 5% discount rate using a gold price assumption of $1,750 per ounce and a USD/CAD foreign exchange rate of $0.75:1</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:46px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:11pt;padding-left:22px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">Mine life of 16 years, double the current eight year Mineral Reserve life. </font><font style="font-family:Arial;font-size:11pt;">This is based on a mineable Mineral Resource of 9.6 million tonnes grading 10.45 grams per tonne of gold (&#8220;g/t Au&#8221;) containing 3.2 million ounces of gold</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:46px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:11pt;padding-left:22px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">Lowest combined capital and operating costs of all scenarios evaluated. </font><font style="font-family:Arial;font-size:11pt;">Total life of mine capital of $1,066 million including sustaining capital. Higher life-of-mine growth capital of $514 million with the Shaft Expansion is more than offset by the lowest sustaining capital and operating costs of all scenarios evaluated. </font></div></td></tr></table><div style="line-height:120%;text-align:left;padding-left:46px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">&#8220;Island Gold has been a tremendous acquisition for Alamos Gold. We acquired Island Gold in 2017 at a cost of approximately $600 million when it had 1.8 million ounces of Mineral Reserves and Resources. This high-grade deposit has more than doubled to 3.7 million ounces and we expect further growth yet. The Phase III Expansion Study showcases the growing value of Island Gold. Already one of the most profitable mines in Canada, the expansion will increase production, lower costs, and make this operation even more profitable. The expansion will also best position the operation to benefit from additional exploration success,&#8221; said John A. McCluskey, President and Chief Executive Officer.    </font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><br></div><div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial Narrow;font-size:8pt;color:#000080;">TRADING SYMBOL: TSX:AGI   NYSE:AGI    </font><font style="font-family:Arial;font-size:10pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.71014492753623%;border-collapse:collapse;text-align:left;"><tr><td colspan="3"></td></tr><tr><td style="width:53%;"></td><td style="width:25%;"></td><td style="width:22%;"></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #ed7d31;background-color:#404040;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#ffffff;font-weight:bold;">Phase III Expansion Study Highlights - </font></div><div style="font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#ffffff;font-weight:bold;">Shaft Expansion</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #ed7d31;background-color:#404040;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#ffffff;font-weight:bold;">Life of Mine </font></div><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#ffffff;font-weight:bold;">(starting January 2020)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #ed7d31;background-color:#404040;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#ffffff;font-weight:bold;">Post Completion of Shaft (2025+)</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #ed7d31;background-color:#404040;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">Production </font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #ed7d31;background-color:#404040;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #ed7d31;"><div style="text-align:right;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #ed7d31;background-color:#404040;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:middle;background-color:#acacac;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #aeaaaa;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">Mine life (years)</font></div></td><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">16</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:middle;background-color:#acacac;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #aeaaaa;"><div style="text-align:left;font-size:5pt;"><font style="font-family:Arial;font-size:5pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:middle;background-color:#acacac;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #aeaaaa;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">Total gold production (000 ounces) </font></div></td><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">3,104</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:middle;background-color:#acacac;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #aeaaaa;"><div style="text-align:left;font-size:5pt;"><font style="font-family:Arial;font-size:5pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:middle;background-color:#acacac;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #aeaaaa;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">Average annual gold production (000 ounces)</font></div></td><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">201</font></div></td><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">236</font></div></td></tr><tr><td style="vertical-align:middle;background-color:#acacac;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #aeaaaa;"><div style="text-align:center;font-size:5pt;"><font style="font-family:Arial;font-size:5pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:middle;background-color:#acacac;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #aeaaaa;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">Total mill feed (000 tonnes)</font></div></td><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">9,572</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:middle;background-color:#acacac;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #aeaaaa;"><div style="text-align:left;font-size:5pt;"><font style="font-family:Arial;font-size:5pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:middle;background-color:#acacac;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #aeaaaa;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">Average gold grade (grams per tonne)</font></div></td><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">10.45</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:middle;background-color:#acacac;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #aeaaaa;"><div style="text-align:left;font-size:4pt;"><font style="font-family:Arial;font-size:4pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:middle;background-color:#acacac;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #aeaaaa;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">Recovery (%)</font></div></td><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">96.5%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:middle;background-color:#acacac;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #aeaaaa;"><div style="text-align:left;font-size:5pt;"><font style="font-family:Arial;font-size:5pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:middle;background-color:#acacac;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #aeaaaa;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">Average mill throughput (tpd)</font></div></td><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">1,700</font></div></td><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">2,000</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #000000;background-color:#acacac;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #aeaaaa;"><div style="text-align:left;font-size:5pt;"><font style="font-family:Arial;font-size:5pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #ed7d31;background-color:#404040;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">Operating Costs </font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #ed7d31;background-color:#404040;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #ed7d31;background-color:#404040;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:middle;background-color:#acacac;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #aeaaaa;border-top:1px solid #ed7d31;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">Total cost per tonne of mill feed</font><font style="font-family:Arial;font-size:9pt;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">1 </sup></font><font style="font-family:Arial;font-size:9pt;">(C$)</font></div></td><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">$182</font></div></td><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">$178</font></div></td></tr><tr><td style="vertical-align:middle;background-color:#acacac;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #aeaaaa;border-top:1px solid #ed7d31;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:middle;background-color:#acacac;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #aeaaaa;border-top:1px solid #ed7d31;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">Total cash cost (per ounce sold)</font><font style="font-family:Arial;font-size:9pt;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">2</sup></font></div></td><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">$422</font></div></td><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">$403</font></div></td></tr><tr><td style="vertical-align:middle;background-color:#acacac;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #aeaaaa;border-top:1px solid #ed7d31;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">Mine-site all-in sustaining cost (per ounce sold)</font><font style="font-family:Arial;font-size:9pt;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">2</sup></font></div></td><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">$598</font></div></td><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">$534</font></div></td></tr><tr><td style="vertical-align:middle;background-color:#acacac;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #aeaaaa;border-top:1px solid #ed7d31;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #ed7d31;background-color:#404040;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">Capital Costs (millions)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #ed7d31;background-color:#404040;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #ed7d31;background-color:#404040;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:middle;background-color:#acacac;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #aeaaaa;border-top:1px solid #ed7d31;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">Growth (project) capital expenditure </font></div></td><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">$514</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:middle;background-color:#acacac;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #aeaaaa;border-top:1px solid #ed7d31;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">Sustaining capital expenditure </font></div></td><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">$552</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:middle;background-color:#acacac;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #aeaaaa;border-top:1px solid #ed7d31;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">Total capital expenditure </font></div></td><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">$1,066</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:middle;background-color:#acacac;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #aeaaaa;border-top:1px solid #ed7d31;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #ed7d31;background-color:#404040;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#ffffff;font-weight:bold;">Base Case Economic Analysis </font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #ed7d31;background-color:#404040;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #ed7d31;background-color:#404040;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:middle;background-color:#acacac;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #aeaaaa;border-top:1px solid #ed7d31;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">IRR vs current 1,200 tpd operation (after-tax)</font><font style="font-family:Arial;font-size:9pt;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">3</sup></font></div></td><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">17%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:middle;background-color:#acacac;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #aeaaaa;border-top:1px solid #ed7d31;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:middle;background-color:#acacac;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #aeaaaa;border-top:1px solid #ed7d31;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">NPV @ 0% discount rate (millions, after-tax)</font></div></td><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">$1,659</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:middle;background-color:#acacac;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #aeaaaa;border-top:1px solid #ed7d31;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">NPV @ 5% discount rate (millions, after-tax)</font></div></td><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">$1,019</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:middle;background-color:#acacac;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #aeaaaa;border-top:1px solid #ed7d31;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:middle;background-color:#acacac;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #aeaaaa;border-top:1px solid #ed7d31;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">Gold price assumption (average, per ounce sold)</font></div></td><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">$1,450</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:middle;background-color:#acacac;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #aeaaaa;border-top:1px solid #ed7d31;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">Exchange Rate (US Dollar/Canadian Dollar)</font></div></td><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">0.75</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:middle;background-color:#acacac;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #aeaaaa;border-top:1px solid #ed7d31;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid 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style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:middle;background-color:#acacac;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #aeaaaa;border-top:1px solid #ed7d31;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">IRR vs current 1,200 tpd operation (after-tax)</font><font style="font-family:Arial;font-size:9pt;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">3</sup></font></div></td><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">22%</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:middle;background-color:#acacac;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #aeaaaa;border-top:1px solid #ed7d31;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:middle;background-color:#acacac;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #aeaaaa;border-top:1px solid #ed7d31;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">NPV @ 0% discount rate (millions, after-tax)</font></div></td><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">$2,280</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:middle;background-color:#acacac;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #aeaaaa;border-top:1px solid #ed7d31;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">NPV @ 5% discount rate (millions, after-tax)</font></div></td><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">$1,450</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:middle;background-color:#acacac;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #aeaaaa;border-top:1px solid #ed7d31;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:middle;background-color:#acacac;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #aeaaaa;border-top:1px solid #ed7d31;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">Gold price assumption (average, per ounce sold)</font></div></td><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">$1,750</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:middle;background-color:#acacac;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #aeaaaa;border-top:1px solid #ed7d31;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">Exchange Rate (US Dollar/Canadian Dollar)</font></div></td><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="text-align:center;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">0.75</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:middle;background-color:#acacac;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #aeaaaa;border-top:1px solid #ed7d31;"><div style="text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="text-align:center;font-size:6pt;"><font style="font-family:Arial;font-size:6pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:28px;"><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">1.</sup>&#160;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:8pt;">Total unit cost per tonne (&#8220;t&#8221;) of ore includes royalties and silver as a by-product credit</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:28px;"><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">2.</sup>&#160;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:8pt;">Total cash costs and mine-site all-in sustaining costs include royalties and silver as a by-product credit </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:28px;"><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">3.</sup></font><font style="font-family:Arial;font-size:8pt;"><sup style="vertical-align:top;line-height:120%;font-size:5pt"></sup>&#160;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:8pt;">The IRR is calculated on the differential after-tax cash flow between the Shaft Expansion scenario and continuing to mine at 1,200 tpd with ramp access and with a paste fill plant</font></div></td></tr></table><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">Mineable Resource</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">A Mineable Resource totaling 9.6 million tonnes, grading 10.45 g/t Au containing 3.2 million ounces of gold has been included in the Phase III Expansion Study. This incorporates Mineral Reserves and approximately 80% of Measured and Indicated and Inferred Mineral Resources as of December 31, 2019. Mineral Resources included in the study had stoping outlines applied and then were assigned Island Gold&#8217;s standard zonal dilution and recovery rates. Stopes were evaluated against applicable cut-off grades and a mine design and sequence was generated.    The inclusion of 80% of the Mineral Resource </font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">2 | </font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">ALAMOS GOLD INC</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial Narrow;font-size:8pt;color:#000080;">TRADING SYMBOL: TSX:AGI   NYSE:AGI    </font><font style="font-family:Arial;font-size:10pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">is consistent with the historical conversion rate of Inferred Mineral Resource to Mineral Reserve which has averaged 83% since 2016. This also reflects the high degree of confidence in the quality of the Mineral Resource which is part of the same structure as Mineral Reserves with a consistent style of mineralization. </font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">Mineable Resource as of December 31, 2019</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="10"></td></tr><tr><td style="width:19%;"></td><td style="width:9%;"></td><td style="width:9%;"></td><td style="width:9%;"></td><td style="width:9%;"></td><td style="width:9%;"></td><td style="width:9%;"></td><td style="width:9%;"></td><td style="width:9%;"></td><td style="width:9%;"></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #f79646;background-color:#404040;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:middle;border-bottom:1px solid #f79646;background-color:#404040;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#ffffff;font-weight:bold;">December 31, 2019</font></div></td><td colspan="3" style="vertical-align:middle;border-bottom:1px solid #f79646;background-color:#404040;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#ffffff;font-weight:bold;">Undiluted Resource Used in Phase III Study</font></div></td><td colspan="3" style="vertical-align:middle;border-bottom:1px solid #f79646;background-color:#404040;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#ffffff;font-weight:bold;">Diluted &amp; Recovered Resource Used in Phase III Study</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #f79646;background-color:#404040;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #f79646;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#ffffff;font-weight:bold;">&#160;</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f79646;background-color:#404040;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;border-top:1px solid #f79646;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#ffffff;font-weight:bold;">Tonnes (000)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #f79646;background-color:#404040;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;border-top:1px solid #f79646;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#ffffff;font-weight:bold;">Grade</font></div><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#ffffff;font-weight:bold;">(g/t Au)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #f79646;background-color:#404040;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;border-top:1px solid #f79646;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#ffffff;font-weight:bold;">Ounces</font></div><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#ffffff;font-weight:bold;">(000)</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f79646;background-color:#404040;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;border-top:1px solid #f79646;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#ffffff;font-weight:bold;">Tonnes (000)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #f79646;background-color:#404040;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;border-top:1px solid #f79646;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#ffffff;font-weight:bold;">Grade</font></div><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#ffffff;font-weight:bold;">(g/t Au)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #f79646;background-color:#404040;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;border-top:1px solid #f79646;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#ffffff;font-weight:bold;">Ounces</font></div><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#ffffff;font-weight:bold;">(000)</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f79646;background-color:#404040;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;border-top:1px solid #f79646;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#ffffff;font-weight:bold;">Tonnes (000)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #f79646;background-color:#404040;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;border-top:1px solid #f79646;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#ffffff;font-weight:bold;">Grade</font></div><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#ffffff;font-weight:bold;">(g/t Au)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #f79646;background-color:#404040;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;border-top:1px solid #f79646;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#ffffff;font-weight:bold;">Ounces</font></div><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#ffffff;font-weight:bold;">(000)</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #f79646;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Mineral Reserves</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f79646;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f79646;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f79646;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f79646;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f79646;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f79646;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f79646;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f79646;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Proven</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">&#160;&#160;&#160;&#160;&#160;786</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">13.48 </font></div></td><td style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">&#160;&#160;341 </font></div></td><td style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #000000;background-color:#d9d9d9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">&#160;&#160;&#160;&#160;&#160;786</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #000000;background-color:#d9d9d9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">13.48 </font></div></td><td style="vertical-align:middle;border-bottom:1px solid #000000;background-color:#d9d9d9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">&#160;&#160;341 </font></div></td></tr><tr><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Probable</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">2,857 </font></div></td><td style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">9.52 </font></div></td><td style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">874 </font></div></td><td style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #000000;background-color:#d9d9d9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">2,857 </font></div></td><td style="vertical-align:middle;border-bottom:1px solid #000000;background-color:#d9d9d9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">9.52 </font></div></td><td style="vertical-align:middle;border-bottom:1px solid #000000;background-color:#d9d9d9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">874 </font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Total Reserves</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">3,643 </font></div></td><td style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">10.37 </font></div></td><td style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">1,215 </font></div></td><td style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #000000;background-color:#d9d9d9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">3,643 </font></div></td><td style="vertical-align:middle;border-bottom:1px solid #000000;background-color:#d9d9d9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">10.37 </font></div></td><td style="vertical-align:middle;border-bottom:1px solid #000000;background-color:#d9d9d9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">1,215 </font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Mineral Resources</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Measured </font></div></td><td style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">25 </font></div></td><td style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">4.52 </font></div></td><td style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">4 </font></div></td><td style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">21 </font></div></td><td style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">4.52 </font></div></td><td style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">3 </font></div></td><td style="vertical-align:middle;border-bottom:1px solid #000000;background-color:#d9d9d9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">24 </font></div></td><td style="vertical-align:middle;border-bottom:1px solid #000000;background-color:#d9d9d9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">3.85 </font></div></td><td style="vertical-align:middle;border-bottom:1px solid #000000;background-color:#d9d9d9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">3 </font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Indicated</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">853</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">6.57</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">180</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">724</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">6.57</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">153</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #000000;background-color:#d9d9d9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">807</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #000000;background-color:#d9d9d9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">5.60</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #000000;background-color:#d9d9d9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">145</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Total Measured &amp; Indicated</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">879 </font></div></td><td style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">6.51 </font></div></td><td style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">184 </font></div></td><td style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">746 </font></div></td><td style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">6.51 </font></div></td><td style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">156 </font></div></td><td style="vertical-align:middle;border-bottom:1px solid #000000;background-color:#d9d9d9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">831 </font></div></td><td style="vertical-align:middle;border-bottom:1px solid #000000;background-color:#d9d9d9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">5.55 </font></div></td><td style="vertical-align:middle;border-bottom:1px solid #000000;background-color:#d9d9d9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">148 </font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Inferred</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">5,392 </font></div></td><td style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">13.26 </font></div></td><td style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">2,298 </font></div></td><td style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">4,576 </font></div></td><td style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">13.26 </font></div></td><td style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">1,950 </font></div></td><td style="vertical-align:middle;border-bottom:1px solid #000000;background-color:#d9d9d9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">5,099 </font></div></td><td style="vertical-align:middle;border-bottom:1px solid #000000;background-color:#d9d9d9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">11.30 </font></div></td><td style="vertical-align:middle;border-bottom:1px solid #000000;background-color:#d9d9d9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">1,853 </font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Phase III Mill Feed</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #000000;background-color:#d9d9d9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">9,572 </font></div></td><td style="vertical-align:middle;border-bottom:1px solid #000000;background-color:#d9d9d9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">10.45 </font></div></td><td style="vertical-align:middle;border-bottom:1px solid #000000;background-color:#d9d9d9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">3,216 </font></div></td></tr></table></div></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">Economic Analysis</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">The Shaft Expansion to 2,000 tpd has an estimated base case after-tax NPV of $1.02 billion and after-tax IRR of 17% using a 5% discount rate and assuming a gold price of $1,450 per ounce and USD/CAD foreign exchange rate of $0.75:1. </font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Assuming a $1,750 per ounce gold price, the after-tax NPV increases to $1.45 billion and after-tax IRR increases to 22%. The mine plan, operating parameters and capital estimates incorporated in the study are effective January 1, 2020. The project economics are sensitive to metal price assumptions and input costs as detailed in the tables below. </font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;Shaft Expansion After-Tax NPV (5%) Sensitivity ($ Millions)</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:90.24154589371982%;border-collapse:collapse;text-align:left;"><tr><td colspan="6"></td></tr><tr><td style="width:30%;"></td><td style="width:14%;"></td><td style="width:14%;"></td><td style="width:14%;"></td><td style="width:14%;"></td><td style="width:14%;"></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #f79646;background-color:#404040;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#ffffff;font-weight:bold;">&#160;</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f79646;background-color:#404040;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#ffffff;font-weight:bold;">-10%</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f79646;background-color:#404040;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#ffffff;font-weight:bold;">-5%</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f79646;background-color:#404040;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#ffffff;font-weight:bold;">Base Case</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f79646;background-color:#404040;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#ffffff;font-weight:bold;">5%</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f79646;background-color:#404040;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#ffffff;font-weight:bold;">10%</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #f79646;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Gold Price</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f79646;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$808</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-top:1px solid #f79646;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$914</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#d9d9d9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-top:1px solid #f79646;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">$1,019</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-top:1px solid #f79646;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$1,124</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #f79646;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$1,228</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Canadian Dollar</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$1,127</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$1,073</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #000000;background-color:#d9d9d9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">$1,019</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$964</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$910</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Capital Costs</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$1,083</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$1,051</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #000000;background-color:#d9d9d9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">$1,019</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$988</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$954</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Operating Costs</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$1,077</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$1,048</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #000000;background-color:#d9d9d9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">$1,019</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$991</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$961</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">3 | </font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">ALAMOS GOLD INC </font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial Narrow;font-size:8pt;color:#000080;">TRADING SYMBOL: TSX:AGI   NYSE:AGI    </font><font style="font-family:Arial;font-size:10pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;Shaft Expansion After-Tax NPV (5%) and IRR Sensitivity to Gold Price</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:90.24154589371982%;border-collapse:collapse;text-align:left;"><tr><td colspan="3"></td></tr><tr><td style="width:41%;"></td><td style="width:30%;"></td><td style="width:29%;"></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #f79646;background-color:#404040;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#ffffff;font-weight:bold;">Gold Price</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #f79646;background-color:#404040;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#ffffff;font-weight:bold;">After-Tax NPV</font><font style="font-family:Arial;font-size:10pt;color:#ffffff;font-weight:bold;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">5%</sup></font><font style="font-family:Arial;font-size:10pt;color:#ffffff;font-weight:bold;">&#160;($M)</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f79646;background-color:#404040;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#ffffff;font-weight:bold;">After-Tax IRR (%)</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #f79646;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$1,250</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;border-top:1px solid #f79646;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$727</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;border-top:1px solid #f79646;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">14%</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$1,350</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$874</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">16%</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#d9d9d9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">$1,450</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#d9d9d9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">$1,019 </font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#d9d9d9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">17%</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$1,550</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$1,164</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">19%</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$1,650</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$1,308 </font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">20%</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$1,750</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$1,450 </font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">22%</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$1,850</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$1,593 </font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">24%</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">Phase III Expansion Scenarios Evaluated</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Five scenarios were evaluated as part of the Phase III Expansion Study as follows:</font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:46px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:11pt;padding-left:22px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Ramp 1,200 tpd (current base case operation with no paste plant);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:46px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:11pt;padding-left:22px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Ramp 1,200 tpd (R1200); </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:46px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:11pt;padding-left:22px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Ramp Expansion to 1,600 tpd (R1600);</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:46px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:11pt;padding-left:22px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Shaft Expansion to 1,600 tpd (S1600); and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:46px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:11pt;padding-left:22px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Shaft Expansion to 2,000 tpd (S2000).  </font></div></td></tr></table><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">With the exception of the first scenario (maintaining the current operation) all of the other scenarios included the addition of a paste plant. Detailed mine plans were created for all scenarios with multiple optimizations for each. Design engineering and costing for each scenario were completed to pre-feasibility level. Costing was based on first principles and with a high degree of confidence given existing operating experience. </font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">Phase III Shaft Expansion Overview </font></div><div style="line-height:120%;padding-top:8px;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">The Phase III Expansion of Island Gold to 2,000 tpd from a current rate of approximately 1,200 tpd will involve various infrastructure investments. These include the installation of a shaft, paste plant, and an expansion of the mill and tailings facility. Following the completion of the shaft construction in 2025, the operation will transition from trucking ore and waste to skipping ore and waste to surface through the new shaft infrastructure, driving production higher and costs significantly lower. </font></div><div style="line-height:120%;padding-bottom:8px;padding-top:16px;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">Mining </font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Long-hole open stoping will continue to be utilized as the primary mining method; however, increased development and key infrastructure changes including the addition of a paste plant and shaft will allow for mining rates to increase to 2,000 tpd.</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-style:italic;">Shaft</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">A 5.0 metre diameter concrete lined shaft will be constructed with a steel head frame. The shaft will house two 12 tonne skips in dedicated compartments for ore and waste movement, and a double-deck service cage for the transport of personnel and materials. The shaft will be sunk to an initial depth of 1,373 metres. The hoisting plant is designed for an ultimate depth of 2,000 metres providing flexibility to accommodate future exploration success. At the initial depth of 1,373 metres, the shaft has a capacity of 4,500 tpd, more than sufficient to accommodate the peak mining rates of 3,300 tpd (ore &amp; waste).</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">A conventional blind sink methodology will be utilized providing improved schedule reliability with minimal impact on existing operations. A combined raise-bore from the 840 metre level, and blind sink option below the 840 metre level was evaluated; however, this option would significantly impact existing operations. The cuttings from the raise bore in the upper mine, and waste generated from the </font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">4 | </font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">ALAMOS GOLD INC</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial Narrow;font-size:8pt;color:#000080;">TRADING SYMBOL: TSX:AGI   NYSE:AGI    </font><font style="font-family:Arial;font-size:10pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">conventional sink in the lower mine would displace underground throughput capacity and significantly reduce mining rates below 1,200 tpd by as much as 400 tpd over the next several years.</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">The underground ore and waste handling and loading pocket will be a conventional configuration similar to that of Young-Davidson. Once skipped to surface, ore will be trucked to the expanded mill circuit.</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Ventilation requirements under the Shaft Expansion are lower than under the ramp scenarios given the significantly smaller mobile fleet allowing the shaft to serve as the only new required fresh air source. The total construction capital for the shaft installation including all supporting infrastructure is $232 million</font><font style="font-family:Arial;font-size:11pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">4</sup></font><font style="font-family:Arial;font-size:11pt;">. </font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-style:italic;">Paste plant</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">With the exception of the current base case operation, the addition of a paste plant was included in all scenarios for a number of reasons, principally the high project returns with an after-tax IRR of 32%. The addition of paste fill underground will allow for faster stope cycling, thereby supporting higher mining rates and providing increased geotechnical stability. It will also increase mining recovery resulting in an additional 100,000 ounces of gold recovered over the life of mine, an in-situ value of $145 million at a gold price of $1,450 per ounce. Further, 56% of tailings will be placed underground reducing tailings dam raise requirements, a capital savings of $13 million.</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">The paste plant will have a capacity of 2,000 tpd and capital cost of $34 million</font><font style="font-family:Arial;font-size:11pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">4</sup></font><font style="font-family:Arial;font-size:11pt;">&#32;with the plant expected to be completed in the fourth quarter of 2023.</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-style:italic;">Mobile fleet</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Mining rates are expected to ramp up to 2,000 tpd following the completion of the shaft in 2025. This will be supported by a significantly smaller mobile fleet than required under the ramp scenarios. Post completion of the shaft, a total of five haul trucks will be required to support a mining rate of 2,000 tpd. This compares to a peak of 18 haul trucks required to sustain ramp haulage at 1,200 tpd and 25 haul trucks for ramp haulage at 1,600 tpd. This contributes to the lower ventilation requirements with the Shaft Expansion, and significantly lower diesel usage and green house gas emissions. </font></div><div style="line-height:120%;padding-bottom:8px;padding-top:16px;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">Processing and Infrastructure </font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">The expanded mill will be a conventional milling operation with a nominal capacity of 2,000 tpd, up from approximately 1,200 tpd currently. The expansion will include upgrading the crushing circuit, adding a second parallel ball mill, and a new elution and carbon in pulp (&#8220;CIP&#8221;) circuit with carbon screens. The total cost of the mill expansion is $40 million</font><font style="font-family:Arial;font-size:11pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">4</sup></font><font style="font-family:Arial;font-size:11pt;">.</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">The flow sheet of the new circuit includes upgrades and expansions for the following major process operations:</font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:11pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">New vibratory grizzly feeder;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:11pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">New primary crusher;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:11pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">New fine ore stockpile and conveyors;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:11pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Additional primary ball mill; </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:11pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Primary Ball Mill screen for both ball mill circuits;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:11pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Existing thickener converted to high-rate thickener;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:11pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Two additional leach tanks;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:11pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">New elution plant and kiln (ADR); and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:11pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Tailing pumps.</font></div></td></tr></table><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Mill recoveries are expected to average 96.5% over the life of mine, consistent with the historical performance of the existing operation. </font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">To accommodate the increased electricity requirements with the larger mill and shaft, the power line to site will be upgraded at a cost of $14 million. The same power line upgrade is required under all scenarios including maintaining the existing operating rates of 1,200 tpd. This reflects increased ventilation requirements with the ramp scenarios as mining progresses deeper.</font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">5 | </font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">ALAMOS GOLD INC </font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial Narrow;font-size:8pt;color:#000080;">TRADING SYMBOL: TSX:AGI   NYSE:AGI    </font><font style="font-family:Arial;font-size:10pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">An expansion of the existing tailings impoundment area is underway and required under all scenarios to accommodate the growth in the deposit over the last several years. With two planned future raises beyond 2020 and the addition of the paste plant, the tailings facility has sufficient capacity to accommodate existing Mineral Reserves and Resources.</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:16px;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">Operating Costs</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Total cash costs are expected to average $403 per ounce and mine-site all-in sustaining costs $534 per ounce following the completion of the shaft construction in 2025. These represent a 19% and 30% decrease from the mid-point of previous 2020 guidance, respectively. These are also the lowest costs of any scenario evaluated reflecting the significant productivity improvements, decreased ventilation requirements, increased automation, and higher throughput rates associated with the shaft.</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Total life of mine operating costs of $1,310 million with the Shaft Expansion are significantly lower than all the other scenarios evaluated. This includes continuing ramp access mining at the current rate of 1,200 tpd which carried total operating costs of $1,648 million. The lower operating costs more than offset the higher capital such that total combined life of mine operating costs and capital with the Shaft Expansion are the lowest of any scenario.</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Total operating costs are expected to average C$178 per tonne of mill feed post completion of the project. This includes average mining costs of C$96 per tonne. Both are the lowest of any scenario evaluated. This becomes even more significant as mining moves deeper with unit mining costs remaining relatively stable under the Shaft Expansion, while steadily increasing with the ramp scenarios.</font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">The breakdown of unit costs is summarized as follows.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:90.24154589371982%;border-collapse:collapse;text-align:left;"><tr><td colspan="4"></td></tr><tr><td style="width:39%;"></td><td style="width:22%;"></td><td style="width:23%;"></td><td style="width:16%;"></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #f79646;background-color:#404040;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f79646;background-color:#404040;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#ffffff;font-weight:bold;">Life of mine</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f79646;background-color:#404040;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#ffffff;font-weight:bold;">Post project (2025)</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f79646;background-color:#404040;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#ffffff;font-weight:bold;">Total LOM</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #f79646;background-color:#404040;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #f79646;"><div style="font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#ffffff;font-weight:bold;">Operating Cost</font><font style="font-family:Arial;font-size:10pt;color:#ffffff;font-weight:bold;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">1</sup></font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f79646;background-color:#404040;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #f79646;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#ffffff;font-weight:bold;">C$/t Processed</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f79646;background-color:#404040;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #f79646;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#ffffff;font-weight:bold;">C$/t Processed</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f79646;background-color:#404040;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #f79646;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#ffffff;font-weight:bold;">C$M</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #f79646;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Mining</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #f79646;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$98</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #f79646;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$96</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #f79646;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$936</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Processing</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$31</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$31</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$300</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">General and Administration</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$39</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$37</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$377</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Royalties </font></div></td><td style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$15</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$15</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$146</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Silver Credit</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">-$1</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">-$1</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">-$12</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Total Operating Costs</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">$182</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">$178</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:center;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">$1,747</font></div></td></tr></table></div></div><div style="line-height:120%;padding-bottom:8px;padding-top:16px;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">Royalty</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Production from Island Gold is subject to third party net smelter return (&#8220;NSR&#8221;) royalties which vary by claim location. The NSR royalties average 2.4% over the life of mine.  </font></div><div style="line-height:120%;padding-bottom:8px;padding-top:16px;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">Capital Costs </font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Each scenario evaluated included several common infrastructure investments required to incorporate the Mineable Resource which is 165% larger than the current Mineral Reserve, resulting in a longer mine life. The Shaft Expansion has extended the mine life to 16 years, from the current eight year Mineral Reserve life, while the ramp scenarios at lower throughput rates extended the mine life to as many as 22 years. </font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">These common infrastructure changes include the following:</font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:11pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Addition of a paste plant;  </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:11pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Power line upgrade; </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:11pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Surface infrastructure upgrades including the employee camp, kitchen, administration building and warehouse; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:11pt;padding-left:24px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Tailings expansion.</font></div></td></tr></table><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">6 | </font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">ALAMOS GOLD INC</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial Narrow;font-size:8pt;color:#000080;">TRADING SYMBOL: TSX:AGI   NYSE:AGI    </font><font style="font-family:Arial;font-size:10pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">The combined capital cost for these projects is $104 million</font><font style="font-family:Arial;font-size:11pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">4</sup></font><font style="font-family:Arial;font-size:11pt;">.</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Growth capital for the Shaft Expansion is expected to total $514 million. This is expected to be spent over the next five years until the completion of the shaft and expansion of the mill in 2025. The bulk of this spending will occur between 2022 and 2024. This includes the above noted $104 million</font><font style="font-family:Arial;font-size:11pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">4</sup></font><font style="font-family:Arial;font-size:11pt;">&#32;of capital for infrastructure projects that would be spent under every scenario, including maintaining the current 1,200 tpd operation. Other significant capital items include $40 million</font><font style="font-family:Arial;font-size:11pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">4</sup></font><font style="font-family:Arial;font-size:11pt;">&#32;for the mill expansion and $232 million</font><font style="font-family:Arial;font-size:11pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">4</sup></font><font style="font-family:Arial;font-size:11pt;">&#32;for shaft installation. Sustaining capital is expected to total $552 million, averaging $37 million per year. </font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Combined growth and sustaining capital are expected to total $1,066 million over the life of mine.  This is $118 million higher than the ramp 1,200 tpd scenario (R1200) reflecting higher growth capital for the shaft and mill expansion, partially offset by lower sustaining capital with less development and mobile equipment requirements.</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">This higher combined capital was more than offset by $338 million of savings through lower operating costs with the Shaft Expansion. Total combined capital and operating costs with the Shaft Expansion are $220 million lower than the R1200 scenario.</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">A breakdown of the capital requirements for the ramp 1,200 tpd option (R1200) and Shaft Expansion (S2000) is detailed as follows.</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:91.40096618357488%;border-collapse:collapse;text-align:left;"><tr><td colspan="4"></td></tr><tr><td style="width:52%;"></td><td style="width:15%;"></td><td style="width:18%;"></td><td style="width:15%;"></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #f47710;background-color:#404040;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#ffffff;font-weight:bold;">Sustaining Capital </font><font style="font-family:Arial;font-size:10pt;color:#ffffff;font-weight:bold;font-style:italic;">(in C$ millions)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #f47710;background-color:#404040;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#ffffff;font-weight:bold;">R1200</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #f47710;background-color:#404040;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#ffffff;font-weight:bold;">S2000</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #f47710;background-color:#404040;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#ffffff;font-weight:bold;">Difference</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-top:1px solid #f47710;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">TSF Earthworks</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f47710;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$13</font></div></td><td style="vertical-align:bottom;background-color:#d9d9d9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f47710;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$13</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;border-top:1px solid #f47710;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$0</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Misc U/G Infrastructure</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$17</font></div></td><td style="vertical-align:bottom;background-color:#d9d9d9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$14</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">-$3</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">U/G Mine Dewatering </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$23</font></div></td><td style="vertical-align:bottom;background-color:#d9d9d9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$23</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$0</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">U/G Power</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$58</font></div></td><td style="vertical-align:bottom;background-color:#d9d9d9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$58</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$0</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">General UG Facilities</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$35</font></div></td><td style="vertical-align:bottom;background-color:#d9d9d9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$24</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">-$11</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Mobile Equipment</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$234</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#d9d9d9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$144</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">-$90</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Subtotal</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">$379</font></div></td><td style="vertical-align:bottom;background-color:#d9d9d9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">$276</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">-$104</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Indirects</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$29</font></div></td><td style="vertical-align:bottom;background-color:#d9d9d9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$29</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$0</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Contingency</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$20</font></div></td><td style="vertical-align:bottom;background-color:#d9d9d9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$27</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$7</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Capital Development</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$541</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#d9d9d9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$373</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">-$168</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Total Sustaining Capital</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">$998</font></div></td><td style="vertical-align:bottom;background-color:#d9d9d9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">$730</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">-$268</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #7f7f7f;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Reclamation</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #7f7f7f;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$6</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #7f7f7f;background-color:#d9d9d9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$6</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #7f7f7f;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$0</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-top:1px solid #7f7f7f;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Total (including Reclamation, C$)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #7f7f7f;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">$1,004</font></div></td><td style="vertical-align:bottom;background-color:#d9d9d9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #7f7f7f;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">$736</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;border-top:1px solid #7f7f7f;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">-$268</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Total (including Reclamation, US$ millions)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">$753</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#d9d9d9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">$552</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">-$201</font></div></td></tr></table></div></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">7 | </font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">ALAMOS GOLD INC </font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial Narrow;font-size:8pt;color:#000080;">TRADING SYMBOL: TSX:AGI   NYSE:AGI    </font><font style="font-family:Arial;font-size:10pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:91.40096618357488%;border-collapse:collapse;text-align:left;"><tr><td colspan="4"></td></tr><tr><td style="width:54%;"></td><td style="width:13%;"></td><td style="width:18%;"></td><td style="width:15%;"></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #f79646;background-color:#404040;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#ffffff;font-weight:bold;">Growth Capital (</font><font style="font-family:Arial;font-size:10pt;color:#ffffff;font-weight:bold;font-style:italic;">in C$ millions)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #f79646;background-color:#404040;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#ffffff;font-weight:bold;">R1200</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #f79646;background-color:#404040;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#ffffff;font-weight:bold;">S2000</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #f79646;background-color:#404040;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#ffffff;font-weight:bold;">Difference</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-top:1px solid #f79646;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Site Wide Surface Works</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f79646;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$43</font></div></td><td style="vertical-align:bottom;background-color:#d9d9d9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f79646;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$41</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;border-top:1px solid #f79646;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">-$2</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Power Supply Upgrade</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$18</font></div></td><td style="vertical-align:bottom;background-color:#d9d9d9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$18</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$0</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Mill Expansion</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">0</font></div></td><td style="vertical-align:bottom;background-color:#d9d9d9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$36</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$36</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Paste Plant</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$38</font></div></td><td style="vertical-align:bottom;background-color:#d9d9d9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$38</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$0</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Shaft Surface Works</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">0</font></div></td><td style="vertical-align:bottom;background-color:#d9d9d9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$9</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$9</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Headframe and Hoisting Plant</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">0</font></div></td><td style="vertical-align:bottom;background-color:#d9d9d9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$59</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$59</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Shaft Sinking and Equipping</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">0</font></div></td><td style="vertical-align:bottom;background-color:#d9d9d9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$78</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$78</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">U/G Ore and Waste Handling</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">0</font></div></td><td style="vertical-align:bottom;background-color:#d9d9d9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$13</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$13</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">U/G Misc.</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$16</font></div></td><td style="vertical-align:bottom;background-color:#d9d9d9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$18</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$2</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Other</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$6</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#d9d9d9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$6</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$0</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Subtotal Direct Costs</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">$121</font></div></td><td style="vertical-align:bottom;background-color:#d9d9d9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">$315</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">$194</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Indirect Costs</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$21</font></div></td><td style="vertical-align:bottom;background-color:#d9d9d9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$104</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$83</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">EPCM</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$4</font></div></td><td style="vertical-align:bottom;background-color:#d9d9d9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$22</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$18</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Owner's Costs</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$1</font></div></td><td style="vertical-align:bottom;background-color:#d9d9d9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$7</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$6</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Contingency</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$8</font></div></td><td style="vertical-align:bottom;background-color:#d9d9d9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$70</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$62</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Capital Development</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$105</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#d9d9d9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$166</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$61</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Total Growth Capital (C$)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">$260</font></div></td><td style="vertical-align:bottom;background-color:#d9d9d9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">$685</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">$425</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Total Growth Capital (US$ millions)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">$195</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#d9d9d9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">$514</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">$319</font></div></td></tr></table></div></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;text-indent:48px;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">4. Total capital for individual projects referenced in the text include contingency and indirects</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:94.29951690821255%;border-collapse:collapse;text-align:left;"><tr><td colspan="4"></td></tr><tr><td style="width:50%;"></td><td style="width:18%;"></td><td style="width:17%;"></td><td style="width:15%;"></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #f47710;background-color:#404040;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#ffffff;font-weight:bold;">Total Capital &amp; Operating Costs </font><font style="font-family:Arial;font-size:10pt;color:#ffffff;font-weight:bold;font-style:italic;">(in C$ millions)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #f47710;background-color:#404040;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#ffffff;font-weight:bold;">R1200</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #f47710;background-color:#404040;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#ffffff;font-weight:bold;">S2000</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #f47710;background-color:#404040;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;color:#ffffff;font-weight:bold;">Difference</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-top:1px solid #f47710;"><div style="overflow:hidden;height:2px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f47710;"><div style="overflow:hidden;height:2px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#d9d9d9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f47710;"><div style="overflow:hidden;height:2px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;border-top:1px solid #f47710;"><div style="overflow:hidden;height:2px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Sustaining Capital</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">$1,004</font></div></td><td style="vertical-align:bottom;background-color:#d9d9d9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">$736</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">-$268</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Growth Capital </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">$260</font></div></td><td style="vertical-align:bottom;background-color:#d9d9d9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">$685</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">$425</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Total Capital (C$)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">$1,264</font></div></td><td style="vertical-align:bottom;background-color:#d9d9d9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">$1,421</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">$157</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Total Capital (US$, millions)</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">$948</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#d9d9d9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">$1,066</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">$118</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Total Operating Costs (C$)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">$2,197</font></div></td><td style="vertical-align:bottom;background-color:#d9d9d9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">$1,747</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">-$450</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Total Operating Costs (US$, millions) </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">$1,648</font></div></td><td style="vertical-align:bottom;background-color:#d9d9d9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">$1,310</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">-$338</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Total Capital &amp; Operating Costs (US$, millions) </font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">$2,596</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#d9d9d9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">$2,376</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #000000;border-top:1px solid #000000;"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">-$220</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">Taxes</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Given existing tax pools, Island Gold is not expected to pay cash taxes for approximately five years based on a $1,450 per ounce gold price, after which the effective tax rate is expected to average approximately 32% including federal tax and Ontario mining tax. </font></div><div style="line-height:120%;padding-top:16px;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">Permitting</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">The Shaft Expansion, as currently configured is not expected to require a lengthy environmental assessment process and the majority of the permitting requirements fall within the provincial government jurisdiction. These include amendments to existing authorizations and new authorizations for construction activities. All of the Shaft Expansion permitting requirements are expected to be completed within an 18 to 24 month timeframe. This is a well known jurisdiction within which Alamos has successfully operated for years, achieving various permitting milestones at both of its Young-Davidson and Island Gold mines.</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:16px;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">8 | </font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">ALAMOS GOLD INC</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial Narrow;font-size:8pt;color:#000080;">TRADING SYMBOL: TSX:AGI   NYSE:AGI    </font><font style="font-family:Arial;font-size:10pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;padding-bottom:8px;padding-top:16px;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">Consultant Contributions </font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">The Phase III Expansion Study was consolidated by Alamos Gold&#8217;s technical team in collaboration with the following third party consulting firms in their respective areas of expertise: </font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:46px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:11pt;padding-left:22px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Hatch: Overall Infrastructure Design/Engineering</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:46px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:11pt;padding-left:22px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Cementation: Sinking Engineering &amp; Design</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:46px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:11pt;padding-left:22px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Airfinders: Ventilation Engineering</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:46px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:11pt;padding-left:22px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Golder: Paste Fill Plant &amp; UDS Design; Water Management &amp; Tails Dam; and Environmental Baseline Monitoring &amp; Permitting Support</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:46px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:11pt;padding-left:22px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Halyard: Mill Expansion</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:46px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:11pt;padding-left:22px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">SRK: Mine Simulation Consultant</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:46px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:11pt;padding-left:22px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">DMC Estimating: 3rd Party Master Estimate Review</font></div></td></tr></table><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">Island Gold Phase III Expansion Study Webcast</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">The Company will be hosting a webcast on Wednesday, July 15, 2020 at 8:30 am ET to discuss the results of the Phase III Expansion Study.</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Participants may join the webcast at </font><font style="font-family:Arial;font-size:11pt;color:#0000ff;text-decoration:underline;">www.alamosgold.com</font><font style="font-family:Arial;font-size:11pt;">&#32;or by dialling (416) 340-2216 or (800) 377-0758 for calls within Canada and the United States.</font></div><div style="line-height:120%;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">Technical Disclosure</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Chris Bostwick, FAusIMM,</font><font style="font-family:inherit;font-size:11pt;">&#160;</font><font style="font-family:Arial;font-size:11pt;">Alamos Gold's</font><font style="font-family:inherit;font-size:11pt;">&#160;</font><font style="font-family:Arial;font-size:11pt;">Vice President, Technical Services, has reviewed and approved the scientific and technical information contained in this news release.</font><font style="font-family:inherit;font-size:11pt;">&#160;</font><font style="font-family:Arial;font-size:11pt;">Mr. Bostwick</font><font style="font-family:inherit;font-size:11pt;">&#160;</font><font style="font-family:Arial;font-size:11pt;">is a Qualified Person within the meaning of</font><font style="font-family:inherit;font-size:11pt;">&#160;</font><font style="font-family:Arial;font-size:11pt;">Canadian Securities Administrator's</font><font style="font-family:inherit;font-size:11pt;">&#160;</font><font style="font-family:Arial;font-size:11pt;">National Instrument 43-101 ("NI 43-101"). </font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">The Company will file a technical report prepared in accordance with NI 43-101 on SEDAR at www.sedar.com within 45 days of the date of this release.</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:16px;text-align:justify;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">About Alamos</font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Alamos is a Canadian-based intermediate gold producer with diversified production from three operating mines in North America. This includes the Young-Davidson and Island Gold mines in northern Ontario, Canada and the Mulatos mine in Sonora State, Mexico. Additionally, the Company has a significant portfolio of development stage projects in Canada, Mexico, Turkey, and the United States. Alamos employs more than 1,700 people and is committed to the highest standards of sustainable development. The Company&#8217;s shares are traded on the TSX and NYSE under the symbol &#8220;AGI&#8221;.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">FOR FURTHER INFORMATION, PLEASE CONTACT:</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:11pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:96.61835748792271%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:48%;"></td><td style="width:52%;"></td></tr><tr><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">Scott K. Parsons </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Vice President, Investor Relations </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:middle;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">(416) 368-9932 x 5439 </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:center;"><hr></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;font-style:italic;">The TSX and NYSE have not reviewed and do not accept responsibility for the adequacy or accuracy of this release.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;font-weight:bold;">Cautionary Note Regarding Forward Looking Statements</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:justify;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">This news release includes certain statements that constitute forward-looking information within the meaning of applicable Canadian and U.S. securities laws ("forward-looking statements"). All statements in this news release, other than statements of historical fact, which address events, results, outcomes or developments that Alamos expects to occur are forward-looking statements. Forward-looking statements are generally, but not always, identified by the use of forward-looking terminology such as &#8220;continue&#8221;, "expect", &#8220;believe", "anticipate", "plan", &#8220;forecast&#8221;, "estimate", "intend", &#8220;budget&#8221; or &#8220;potential&#8221; or variations of such words and phrases and similar expressions or statements that certain actions, events or results&#160; "may", "could", "would", "might" or "will" be taken, occur or </font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">9 | </font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">ALAMOS GOLD INC </font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial Narrow;font-size:8pt;color:#000080;">TRADING SYMBOL: TSX:AGI   NYSE:AGI    </font><font style="font-family:Arial;font-size:10pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:justify;font-size:12pt;"><font style="font-family:Arial;font-size:9pt;">be achieved or the negative connotation of such terms. In particular, this news release contains forward-looking statements including, without limitation, with respect to the</font><font style="font-family:Arial;font-size:12pt;">&#32;</font><font style="font-family:Arial;font-size:9pt;">Phase III Expansion of Island Gold including permitting requirements,  growth and sustaining capital for the shaft expansion, expected mining rates, operating costs, cash costs and all-in sustaining costs, changes in Mineral Resources and Proven and Probable Mineral Reserves, future tax rates, and other information that is based on forecasts and projections of future operational, geological or financial results, estimates of amounts not yet determinable and assumptions of management.</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:justify;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">Forward-looking statements are necessarily based upon a number of factors and assumptions that, while considered reasonable by management at the time of making such statements, are inherently subject to significant business, economic, technical, legal, 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.</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:justify;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">Such factors and assumptions underlying the forward-looking statements in this news release include:: the actual results of current exploration activities, conclusions of economic and geological evaluations, changes in project parameters as plans continue to be refined, operations may be exposed to widespread pandemic; the impact of the COVID-19 pandemic on the broader market; provincial and federal orders or mandates (including with respect to mining operations generally or auxiliary businesses or services required for our operations) in Canada, Mexico, the United States and Turkey; the duration of regulatory responses to the COVID-19 pandemic; changes in national and local government legislation, controls or regulations, failure to comply with environmental and health and safety laws and regulations; labour and contractor availability  (and being able to secure the same on favourable terms); disruptions in the maintenance or provision of required infrastructure and information technology systems; fluctuations in the price of gold or certain other commodities such as, diesel fuel, natural gas, and electricity; operating or technical difficulties in connection with mining or development activities, including geotechnical challenges and changes to production estimates (which assume accuracy of projected ore grade, mining rates, recovery timing and recovery rate estimates and may be impacted by unscheduled maintenance; changes in foreign exchange rates (particularly the Canadian dollar, U.S. dollar, Mexican peso and Turkish Lira); the impact of inflation; employee and community relations; litigation and administrative proceedings; disruptions affecting operations; availability of and increased costs associated with mining inputs and labour; inherent risks and hazards associated with mining and mineral processing including environmental hazards, industrial accidents, unusual or unexpected formations, pressures and cave-ins; the risk that the&#160;Company&#8217;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, risks in obtaining and maintaining  necessary licenses, permits and authorizations, contests over title to properties; expropriation or nationalization of property; political or economic developments in Canada, Mexico, the United States, Turkey and other jurisdictions in which the Company may carry on business in the future; increased costs and risks related to the potential impact of climate change; the costs and timing of construction and development of new deposits; 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; and business opportunities that may be pursued by the Company.</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:justify;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">For a more detailed discussion of such risks and other factors that may affect the Company's ability to achieve the expectations set forth in the forward-looking statements contained in this news release, see the Company&#8217;s latest 40-F/Annual Information Form and Management&#8217;s Discussion and Analysis, each under the heading &#8220;Risk Factors&#8221; available on the SEDAR website at www.sedar.com or on EDGAR at www.sec.gov. The foregoing should be reviewed in conjunction with the information found in this news release.  </font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;font-weight:bold;">Cautionary Note to U.S. Investors - Mineral Reserve and Resource Estimates</font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:justify;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">All Mineral Resource and Reserve estimates included in this news release or documents referenced in this news 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, adopted by the CIM Council, as amended (the "CIM Standards"). 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. The terms "Mineral Reserve", "Proven Mineral Reserve" and "Probable Mineral Reserve" are Canadian mining terms as defined in accordance with NI 43-101 and the CIM Standards.  The United States Securities and Exchange Commission (the &#8220;SEC&#8221;) permits mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce.  Alamos may use certain terms, such as &#8220;Measured Mineral Resources&#8221;, &#8220;Indicated Mineral Resources&#8221;, &#8220;Inferred Mineral Resources&#8221; and &#8220;Probable Mineral Reserves&#8221; which differ materially from the definitions in SEC Industry Guide 7  under the United States </font><font style="font-family:Arial;font-size:9pt;font-style:italic;">Securities Exchange Act of</font><font style="font-family:Arial;font-size:9pt;">&#32;</font><font style="font-family:Arial;font-size:9pt;font-style:italic;">1934</font><font style="font-family:Arial;font-size:9pt;">, as amended. Investors are cautioned not to assume that all or any part of mineral deposits in these categories will ever be converted into Mineral Reserves. &#8220;Inferred Mineral Resources&#8221; have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an Inferred Mineral Resource will ever be upgraded to a higher category. Under Canadian rules, estimates of Inferred Mineral Resources may not form the basis of feasibility or pre-feasibility studies, except in very limited circumstances. Disclosure of &#8220;contained ounces&#8221; in a Mineral Resource is permitted disclosure under Canadian regulations; however, the SEC normally only permits issuers to report mineralization that does not constitute &#8220;Mineral Reserves&#8221; by SEC standards as in place tonnage and grade without reference to unit measures. </font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:justify;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">The SEC has adopted final rules, effective February 25, 2019, 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 (the &#8220;</font><font style="font-family:Arial;font-size:9pt;font-weight:bold;">SEC Modernization Rules</font><font style="font-family:Arial;font-size:9pt;">&#8221;). The SEC Modernization Rules replace the historical property disclosure requirements included in SEC Industry Guide 7. As a result of the adoption of the SEC Modernization Rules, the SEC now recognizes estimates of &#8220;Measured Mineral Resources&#8221;, &#8220;Indicated Mineral Resources&#8221; and </font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">10 | </font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">ALAMOS GOLD INC</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial Narrow;font-size:8pt;color:#000080;">TRADING SYMBOL: TSX:AGI   NYSE:AGI    </font><font style="font-family:Arial;font-size:10pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:justify;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">&#8220;Inferred Mineral Resources&#8221;. In addition, the SEC has amended its definitions of &#8220;Proven Mineral Reserves&#8221; and &#8220;Probable Mineral Reserves&#8221; to be substantially similar to international standards. The SEC Modernization Rules will become mandatory for U.S. reporting companies beginning with the first fiscal year commencing on or after January 1, 2021.</font></div><div style="line-height:120%;text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">11 | </font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">ALAMOS GOLD INC </font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><div><a name="s1f5ec1af44374270b1f33d67b3203e5e"></a></div><div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial Narrow;font-size:8pt;color:#000080;">TRADING SYMBOL: TSX:AGI   NYSE:AGI    </font><font style="font-family:Arial;font-size:10pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">Table 1: Phase III Shaft Expansion Production Schedule</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:95.67251461988305%;border-collapse:collapse;text-align:left;"><tr><td colspan="17"></td></tr><tr><td style="width:20%;"></td><td style="width:5%;"></td><td style="width:5%;"></td><td style="width:5%;"></td><td style="width:5%;"></td><td style="width:5%;"></td><td style="width:5%;"></td><td style="width:5%;"></td><td style="width:5%;"></td><td style="width:5%;"></td><td style="width:5%;"></td><td style="width:5%;"></td><td style="width:5%;"></td><td style="width:5%;"></td><td style="width:5%;"></td><td style="width:5%;"></td><td style="width:5%;"></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #f69240;background-color:#404040;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #f69240;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;font-weight:bold;">&#160;</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;background-color:#404040;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;font-weight:bold;">2020</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;background-color:#404040;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;font-weight:bold;">2021</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;background-color:#404040;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;font-weight:bold;">2022</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;background-color:#404040;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;font-weight:bold;">2023</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;background-color:#404040;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;font-weight:bold;">2024</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;background-color:#404040;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;font-weight:bold;">2025</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;background-color:#404040;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;font-weight:bold;">2026</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;background-color:#404040;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;font-weight:bold;">2027</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;background-color:#404040;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;font-weight:bold;">2028</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;background-color:#404040;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;font-weight:bold;">2029</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;background-color:#404040;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;font-weight:bold;">2030</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;background-color:#404040;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;font-weight:bold;">2031</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;background-color:#404040;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;font-weight:bold;">2032</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;background-color:#404040;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;font-weight:bold;">2033</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;background-color:#404040;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;font-weight:bold;">2034</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;background-color:#404040;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #f69240;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;color:#ffffff;font-weight:bold;">2035</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #f69240;background-color:#d9d9d9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #f69240;border-top:1px solid #f69240;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Mill Feed mined</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">410,593</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">438,000 </font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">437,999 </font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">437,994 </font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">439,198 </font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">557,150 </font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">719,805 </font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">730,000 </font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">731,957 </font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">729,934 </font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">729,951 </font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">730,000 </font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">731,947 </font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">730,000 </font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">721,154 </font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #f69240;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">296,654 </font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #f69240;background-color:#d9d9d9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #f69240;border-top:1px solid #f69240;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Waste mined</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">342,999 </font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">440,063 </font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">611,313 </font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">688,082 </font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">478,034 </font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">317,066 </font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">336,839 </font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">471,093 </font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">414,888 </font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">371,636 </font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">255,838 </font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">190,337 </font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">32,774 </font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">571 </font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">0</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #f69240;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">0</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #f69240;background-color:#d9d9d9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #f69240;border-top:1px solid #f69240;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Total tonnes mined</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">753,592</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">878,063</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">1,049,312</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">1,126,076</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">917,233</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">874,216</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">1,056,643</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">1,201,093</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">1,146,845</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">1,101,570</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">985,789</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">920,337</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">764,721</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">730,571</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">721,154</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #f69240;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">296,654</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #f69240;background-color:#d9d9d9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #f69240;border-top:1px solid #f69240;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Grades (g/t Au)</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">10.87 </font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">10.17 </font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">9.85 </font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">8.37 </font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">9.70 </font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">13.08 </font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">11.41 </font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">9.22 </font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">10.62 </font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">13.91 </font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">8.81 </font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">9.37 </font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">10.32 </font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">11.09 </font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">9.60 </font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #f69240;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">9.77 </font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #f69240;background-color:#d9d9d9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #f69240;border-top:1px solid #f69240;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Gold production (oz)</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">137,720 </font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">138,231 </font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">133,802 </font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">113,743 </font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">132,131 </font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">226,081 </font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">254,866 </font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">208,849 </font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">241,279 </font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">314,971 </font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">199,445 </font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">212,271 </font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">234,370 </font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">251,179 </font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">214,715 </font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #f69240;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">89,925 </font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #f69240;background-color:#f2f2f2;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #f69240;border-top:1px solid #f69240;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Operating costs</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #f69240;background-color:#f2f2f2;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #f69240;background-color:#f2f2f2;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #f69240;background-color:#f2f2f2;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #f69240;background-color:#f2f2f2;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #f69240;background-color:#f2f2f2;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #f69240;background-color:#f2f2f2;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #f69240;background-color:#f2f2f2;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #f69240;background-color:#f2f2f2;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #f69240;background-color:#f2f2f2;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #f69240;background-color:#f2f2f2;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #f69240;background-color:#f2f2f2;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #f69240;background-color:#f2f2f2;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #f69240;background-color:#f2f2f2;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #f69240;background-color:#f2f2f2;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #f69240;background-color:#f2f2f2;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #f69240;background-color:#f2f2f2;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #f69240;border-top:1px solid #f69240;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #f69240;background-color:#d9d9d9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #f69240;border-top:1px solid #f69240;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Unit mining costs (C$/t)</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$114</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$103</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$96</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$97</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$115</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$108</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$96</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$84</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$87</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$91</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$95</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$95</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$103</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$103</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$101</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #f69240;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$92</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #f69240;background-color:#d9d9d9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #f69240;border-top:1px solid #f69240;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Unit milling costs (C$/t)</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$37</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$33</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$33</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$33</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$34</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$33</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$30</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$30</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$30</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$30</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$30</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$30</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$30</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$30</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$30</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #f69240;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$33</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #f69240;background-color:#d9d9d9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #f69240;border-top:1px solid #f69240;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Unit G&amp;A costs (C$/t)</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$49</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$47</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$47</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$46</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$48</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$42</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$36</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$33</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$34</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$34</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$35</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$36</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$39</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$39</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$39</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #f69240;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$43</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #f69240;background-color:#d9d9d9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #f69240;border-top:1px solid #f69240;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Total unit costs (C$/t)</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$214</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$195</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$188</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$188</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$211</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$200</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$177</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$159</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$165</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$175</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$173</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$174</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$187</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$187</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$183</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #f69240;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$179</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #f69240;background-color:#d9d9d9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #f69240;border-top:1px solid #f69240;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Total cash costs (US$/oz)</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$478</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$464</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$460</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$542</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$527</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$370</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$375</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$418</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$375</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$304</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$475</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$449</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$438</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$408</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$460</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #f69240;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$442</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #f69240;background-color:#d9d9d9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #f69240;border-top:1px solid #f69240;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Mine-site AISC (US$/oz)</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$779</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$771</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$818</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$941</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$899</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$566</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$531</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$668</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$573</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$437</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$651</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$592</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$497</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$469</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$465</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #f69240;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$442</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #f69240;background-color:#f2f2f2;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #f69240;border-top:1px solid #f69240;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Capital expenditures</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #f69240;background-color:#f2f2f2;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #f69240;background-color:#f2f2f2;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #f69240;background-color:#f2f2f2;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #f69240;background-color:#f2f2f2;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #f69240;background-color:#f2f2f2;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #f69240;background-color:#f2f2f2;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #f69240;background-color:#f2f2f2;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #f69240;background-color:#f2f2f2;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #f69240;background-color:#f2f2f2;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #f69240;background-color:#f2f2f2;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #f69240;background-color:#f2f2f2;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #f69240;background-color:#f2f2f2;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #f69240;background-color:#f2f2f2;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #f69240;background-color:#f2f2f2;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #f69240;background-color:#f2f2f2;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #f69240;background-color:#f2f2f2;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #f69240;border-top:1px solid #f69240;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #f69240;background-color:#d9d9d9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #f69240;border-top:1px solid #f69240;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Sustaining capex (US$ M)</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$41</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$43</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$48</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$45</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$49</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$44</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$40</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$52</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$48</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$42</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$35</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$30</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$14</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$15</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$1</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #f69240;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$0</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px solid #f69240;background-color:#d9d9d9;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px solid #f69240;border-top:1px solid #f69240;"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Growth capex (US$ M)</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$36</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$82</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$139</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$117</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$120</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$21</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$0</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$0</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$0</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$0</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$0</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$0</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$0</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$0</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$0</font></div></td><td style="vertical-align:middle;border-bottom:1px solid #f69240;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-right:1px solid #f69240;border-top:1px solid #f69240;"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">$0</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><br></div><div><div style="line-height:120%;"><hr></div><div style="line-height:120%;text-align:left;font-size:12pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">12 | </font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">ALAMOS GOLD INC </font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div>	</div></body>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
