b'G O L D M I N E S Life of Mine2030 volume. The mill is on track to increase Employment889 employeesmilling rate to 11,200 TPD in early 2025, NotesHigh-grade ore is processed at thefollowing the replacement of a primary Macassa Mill, which currently hasand secondary crusher and other available capacity and is in closeimprovements to the crushing circuit. The proximity to the mine. During the firstMagino Gold Deposit has produced 16.8 nine months of 2024, Macassa minekoz at 0.92g/t Au between July 12 and produced 203,048 oz of Au, a 17-per-centSeptember 30, 2024, against a guidance increase compared to the same periodof 40-50 koz per year. As of December in 2023. The increase was primarily31, 2023, the Magino Deposit has 2.289 due to higher throughput, resultingmillion ounces in reserve at 1.16 g/t Au from increased productivity from newand 2.126 million ounces in resources at ventilation infrastructure and improved0.72 g/t Au.equipment availability, as well as the addition of ore sourced from the near surface deposit. Construction of theMUSSELWHITE MINEnew paste plant is 70-per-cent completeNewmont Corp.and is on schedule for commissioning in gold producerundergroundthe first half of 2025. As of September 30, 2024, exploration drilling totallingMailing AddressP.O. Box 7500137,900 m was completed at the centralThunder Bay, ONP7B 6S8area and eastern extension of the mainTel: (807) 928-2200break, the west zone of the SouthFax: (807) 928-2067Mine Complex (SMC) and the easternWebsitewww.newmont.comextension of the Amalgamated KirklandMine ManagerMark Kiessling, Mine General Manager(AK) deposit. Production Rate4,500 tonnes per day (mill capacity)Production2021152,000 ounces of gold2022173,000 ounces of goldMAGINO MINE (ISLAND GOLD DISTRICT OPERATIONS)2023180,000 ounces of goldAlamos Gold Inc. 2024199,000 ounces of goldgold producer open pit (management projection) 2025200,000 ounces of gold Mailing AddressDubreuilville, ONPOS 1B0 (management projection) Websitewww.alamosgold.comResources9,200,000 tonnes at 6.01 g/t gold, Mine ManagerSean McEachern containing 1,778,000 ounces of gold Production Rate10,000 tonnes per day (mine), 10,000(Measured and IndicatedDecember tonnes per day (mill capacity) 2023)Production202336,101 ounces of gold1,200,000 tonnes at 4.96 g/t gold,2024125,000 ounces of gold (full- containing 200,000 ounces of gold year management projection), 33,000(InferredDecember 2023)ounces of gold produced (during AlamosOpened1997ownership) Life of Mine20302025287,500 ounces of goldEmploymentApproximately 700 full-time employees (management projection for Island Goldand contractorsand Magino combined) NotesMusselwhite is a fly-in, fly-out operation Resources150,800,000 tonnes at 0.94 g/t gold,located approximately 500 km north containing 4,557,000 ounces of goldof Thunder Bay and 126 km north of (Measured and IndicatedDecemberPickle Lake. The mine is situated on Lake 2022) Opapimiskan and is an underground 31,600,000 tonnes at 0.83 g/t gold,operation producing ore from two containing 843,000 ounces of goldmain zones since 1997. Musselwhite (InferredDecember 2022) Mine produced 180,000 ounces of Opened2023 gold in 2023 and 155,000 ounces of Life of Mine2044 gold during the first three quarters of Employment350 (estimate)2024. On November 18, 2024, Newmont NotesThe first pre-commercial gold productionCorp. announced their intention to sell at the Magino Gold Mine was achievedthe Musselwhite operation in Ontario, in June 2023 and commercial productionCanada, to Orla Mining Ltd. for up to commenced in November 2023. Alamos$850 million. The transaction, expected Gold acquired the Magino Gold Mine into close in the first quarter of 2025, 2024, after its acquisition of Argonautincludes $810 million in cash and up to Gold Inc. Alamos intends to process$40 million in contingentpayments.ore from both Magino and the Island Gold Deposit at the Magino Mill and is investing in upgrades at the Magino Mill to accommodate the additionalONTARIO MINING AND EXPLORATION DIRECTORY AND RESOURCE GUIDE 2025 15'