ALAMOS GOLD INC. Management’s Discussion and Analysis (in United States dollars, unless otherwise stated) For the Three Months ended March 31, 2024 ALAMOS GOLD INC. For the Three months ended March 31, 2024 Table of Contents Overview of the Business 3 Highlight Summary 4 First Quarter 2024 Highlights 6 Environment, Social and Governance Summary Performance 7 Business Developments 8 Outlook and Strategy 10 Young-Davidson Mine ("Young-Davidson") 12 Island Gold Mine ("Island Gold") 14 Mulatos Mine ("Mulatos") ...