Alamos CEO: Long-Term Commitment to Turkey Projects

The transcript discusses Alamos Gold's progress in Turkey, highlighting the acquisition of forestry permits for the Coraje Gold project. The CEO, John McCluskey, outlines the growth potential and valuation challenges due to perceived political risks. Despite these, the company remains optimistic about its projects in Turkey, citing strong government support and infrastructure. The discussion also covers operations in Mexico, where currency fluctuations have positively impacted costs. Overall, the company is focused on long-term investments in both regions, with a strong emphasis on managing business and project risks.

What recent development has Alamos achieved for the Coraje Gold project in Turkey?

• Received construction permits

• Received forestry permits

• Started mining operations

• Completed the first gold pour

What percentage of Alamos' total assets do their Turkish assets represent?

• 12%

• 5%

• 8%

• 10%

What is the expected annual production from Alamos' three projects in Turkey?

• 100,000 ounces

• 150,000 ounces

• 200,000 ounces

• 230,000 to 240,000 ounces

What is the internal rate of return for the Crosley project mentioned in the transcript?

• 10%

• 20%

• 30%

• 40%

How does the CEO of Alamos view the security risks for their projects in Turkey?

• No risk

• Low risk

• Moderate risk

• Very high risk

What has been the effect of American policies on the peso, according to the transcript?

• Strengthening of the peso

• Weakening of the peso

• No change in the peso

• Fluctuating peso

What is a positive outcome of currency fluctuations for Alamos' operations?

• Increased production costs

• Stable production costs

• Decreased production costs

• Increased gold prices