Alamos Gold Management

Management criteria checks 3/4

Alamos Gold’s CEO is John McCluskey, appointed in Feb 2003, he has a tenure of 20.3yrs. His total yearly compensation is US$3.7m, comprised of 19.4% salary and 80.6% bonuses, including company stock and options. He directly owns 0.2% of the company’s shares, worth US$11.3m. The average tenure of the management team and the board of directors is 7.3yrs and 9.2yrs respectively.

Key information

John McCluskey

Chief executive officer

US$3.7m

Total compensation

CEO salary percentage	19.4%
CEO tenure	20.3yrs
CEO ownership	0.2%
Management average tenure	7.3yrs
Board average tenure	9.2yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has John McCluskey's remuneration changed compared to Alamos Gold's earnings?
Date	Total Comp.	Salary	Company Earnings
Mar 31 2023	n/a	n/a	US$94m
Dec 31 2022	US$4m	US$711k	US$37m
Sep 30 2022	n/a	n/a	US$26m
Jun 30 2022	n/a	n/a	US$53m
Mar 31 2022	n/a	n/a	-US$126m
Dec 31 2021	US$3m	US$718k	-US$67m
Sep 30 2021	n/a	n/a	-US$19m
Jun 30 2021	n/a	n/a	US$24m
Mar 31 2021	n/a	n/a	US$208m
Dec 31 2020	US$3m	US$612k	US$144m
Sep 30 2020	n/a	n/a	US$105m
Jun 30 2020	n/a	n/a	US$55m
Mar 31 2020	n/a	n/a	US$67m
Dec 31 2019	US$3m	US$641k	US$96m
Sep 30 2019	n/a	n/a	-US$13m
Jun 30 2019	n/a	n/a	-US$24m
Mar 31 2019	n/a	n/a	-US$56m
Dec 31 2018	US$3m	US$618k	-US$73m
Sep 30 2018	n/a	n/a	-US$6m
Jun 30 2018	n/a	n/a	US$16m
Mar 31 2018	n/a	n/a	US$27m
Dec 31 2017	US$4m	US$586k	US$27m
Sep 30 2017	n/a	n/a	US$11m
Jun 30 2017	n/a	n/a	-US$13m
Mar 31 2017	n/a	n/a	-US$27m
Dec 31 2016	US$3m	US$555k	-US$18m

Compensation vs Market: John's total compensation ($USD3.66M) is above average for companies of similar size in the German market ($USD2.54M).

Compensation vs Earnings: John's compensation has been consistent with company performance over the past year.

CEO

John McCluskey (62 yo)

20.3yrs

Tenure

US$3,662,888

Compensation

Mr. John A. McCluskey has been the President and Chief Executive Officer of Alamos Gold, Inc., since November 2003 and February 2003 respectively. Mr. McCluskey began his career with Glamis Gold Ltd. in 19...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
John McCluskey	President	20.3yrs	US$3.66m	0.25% $ 11.3m
Luis Chavez-Martinez	Senior Vice President of Mexico	7.8yrs	US$937.66k	0.022% $ 1.0m
Christopher Bostwick	Senior Vice President of Technical Services	7.8yrs	US$960.56k	0.018% $ 831.4k
Greg Fisher	Chief Financial Officer	no data	no data	0.0084% $ 388.4k
Luc Guimond	Chief Operating Officer	less than a year	no data	0.0048% $ 220.6k
Scott Parsons	Senior Vice President of Investor Relations	7.8yrs	no data	0.014% $ 627.9k
Nils Frederik Engelstad	Senior VP & General Counsel	8yrs	no data	0.0049% $ 226.6k
Rebecca Thompson	Vice President of Public Affairs	3.6yrs	no data	0.0018% $ 80.9k
Colin Webster	Vice President of Sustainability & External Affairs	7.3yrs	no data	0.0062% $ 286.7k
Scott R. Parsons	Vice President of Exploration	2.7yrs	no data	0.00087% $ 40.2k
Nathan Bourgeault	Chief Engineer of Island Gold	no data	no data	no data
John Fitzgerald	Senior Vice President of Projects	less than a year	US$1.26m	0.0025% $ 114.7k

7.3yrs

Average Tenure

60yo

Average Age

Experienced Management: 1AL's management team is seasoned and experienced (7.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
John McCluskey	President	20.3yrs	US$3.66m	0.25% $ 11.3m
Monique Mercier	Independent Director	4yrs	US$183.12k	0.0043% $ 199.3k
John Prichard	Independent Director	4yrs	US$193.11k	0.016% $ 756.5k
Kenneth Stowe	Independent Director	11.7yrs	US$189.27k	0.00076% $ 35.1k
Elaine Ellingham	Independent Director	5yrs	US$179.27k	0.0063% $ 292.7k
David Gower	Independent Director	14yrs	US$189.27k	0.0042% $ 193.3k
Claire M. Kennedy	Independent Director	7.5yrs	US$198.49k	0.0024% $ 111.4k
Paul Murphy	Independent Chairman of the Board	13.3yrs	US$285.87k	0.0076% $ 351.4k
David Fleck	Independent Director	9.2yrs	US$189.27k	no data

9.2yrs

Average Tenure

64yo

Average Age

Experienced Board: 1AL's board of directors are considered experienced (9.2 years average tenure).

Alamos Gold Management

Management criteria checks 3/4

Key information

Recent management updates

Insufficient new directors

Alamos Gold Inc. Announces Executive Changes

Insufficient new directors

Alamos Gold Inc., Annual General Meeting, May 26, 2022

Independent Director Ronald Smith has left the company

Alamos Gold Inc., Annual General Meeting, May 27, 2021

Recent updates

Now 20% undervalued

First quarter 2023 earnings released: EPS: US$0.12 (vs US$0.022 loss in 1Q 2022)

Insider recently sold €53k worth of stock

Upcoming dividend of US$0.025 per share at 1.0% yield

Full year 2022 earnings released: EPS: US$0.095 (vs US$0.17 loss in FY 2021)

Alamos Gold Inc. to Report Fiscal Year 2022 Results on Feb 22, 2023

Alamos Gold Inc. Revises Production Guidance for the Years 2023 and 2024 and Provides Production Guidance for the Year 2025

Insider recently sold €56k worth of stock

President recently sold €96k worth of stock

Alamos Gold Inc. Extends High-Grade Gold Mineralization Laterally and at Depth at Island Gold, Including within Sub-Parallel Zones in Proximity to Existing Infrastructure

Upcoming dividend of US$0.025 per share

Alamos Gold Inc. Declares A Quarterly Dividend, Payable on December 20, 2022

Independent Director recently sold €168k worth of stock

Insufficient new directors

Alamos Gold Extends High-Grade Gold Mineralization Beyond Mineral Reserves and Resources At Puerto Del Aire Deposit Within Mulatos District

Alamos Gold Inc. Provides Production Guidance for the Year 2022

Third quarter 2022 earnings released: US$0.004 loss per share (vs US$0.064 profit in 3Q 2021)

Investor sentiment improved over the past week

Alamos Gold Inc. to Report Q3, 2022 Results on Oct 26, 2022

Upcoming dividend of US$0.025 per share

Alamos Gold Inc. Declares Quarterly Dividend, Payable on September 29, 2022

Alamos Gold Inc. Files Technical Report for the Island Gold Mine

Alamos Gold Inc. Announces Executive Changes

Second quarter 2022 earnings released: EPS: US$0.016 (vs US$0.44 loss in 2Q 2021)

Alamos Gold Inc. Provides Production Guidance for the Year 2022

Alamos Gold Inc. to Report Q2, 2022 Results on Jul 27, 2022

Alamos Gold Announces Phase 3+ Expansion of Island Gold to 2,400 tpd, Driving a Larger, More Profitable Operation with Average Annual Gold Production of 287k oz, Industry Low All-in Sustaining Costs of $576/oz, and a 31% Increase in Net Present Value ("NPV") to $2.0 Billion at $1,850/oz Gold

Alamos Gold Inc. Announces Completion of Construction and Initial Production At La Yaqui Grande

Upcoming dividend of US$0.025 per share

Alamos Gold Inc. Declares Quarterly Dividend, Payable on June 30, 2022

Insufficient new directors

First quarter 2022 earnings released: US$0.022 loss per share (vs US$0.13 profit in 1Q 2021)

Alamos Gold Inc. Provides Production Guidance for the Year 2022

Alamos Gold Inc., Annual General Meeting, May 26, 2022

Alamos Gold Inc. to Report Q1, 2022 Results on Apr 27, 2022

Senior VP & General Counsel recently sold €66k worth of stock

Upcoming dividend of US$0.025 per share

Alamos Gold Inc. Declares Quarterly Dividend, Payable on March 31, 2022

Zacatecas Silver Corp. (TSXV:ZAC) agreed to acquire Esperanza Gold Project from Alamos Gold Inc. (TSX:AGI) for $60 million.

Alamos Gold Inc. Provides Production Guidance for the Year 2022

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Alamos Gold Inc. Reports Mineral Reserves and Resources for the Year-Ended 2021

Alamos Gold Inc. to Report Q4, 2021 Results on Feb 23, 2022

Alamos Gold Inc. to Report Q4, 2021 Results on Feb 23, 2022

Alamos Gold Inc. Provides Production Guidance for the Year 2022, 2023 and 2024

Alamos Gold Provides Exploration Update for the Lynn Lake Project, Manitoba, Including A New Greenfields Discovery

Upcoming dividend of US$0.025 per share

Alamos Gold Inc. Resumes Its Reconnaissance Drill Exploration Program on Los Venados Claims, Mulatos District, Sonora Mexico

Second quarter 2021 earnings released

Alamos Gold Inc. Reports Results from the Ongoing Underground Exploration Drilling Program at Young-Davidson

Alamos Gold Reports Hole Drilled to Date at Island Gold

Upcoming dividend of US$0.025 per share

Independent Director Ronald Smith has left the company

Alamos Gold Declares Quarterly Dividend, Payable on June 30, 2021

First quarter 2021 earnings released: EPS US$0.13 (vs US$0.031 loss in 1Q 2020)

Alamos Gold Inc. Provides Production Guidance for the Second Quarter and Full Year of 2021

Alamos Gold Inc., Annual General Meeting, May 27, 2021

Upcoming Dividend of US$0.025 Per Share

Full year 2020 earnings released: EPS US$0.37 (vs US$0.25 in FY 2019)

Revenue beats expectations

New 90-day low: €6.00

Alamos Gold Inc. Appoints John Fitzgerald as Vice President, Projects

Alamos Gold Inc. Extends High-Grade Gold Mineralization Laterally and Down-Plunge at Island Gold

Alamos Gold Inc. to Report Q4, 2020 Results on Feb 24, 2021

New 90-day low: €6.47

Independent Director recently sold €152k worth of stock

Vice President of Exploration recently bought €42k worth of stock

Alamos Gold Inc. (TSX:AGI) acquired Trillium Mining Corp. for CAD 25 million.

New 90-day low: €6.59