ALAMOS GOLD INC. Management's Discussion and Analysis (in United States dollars, unless otherwise stated) For the Three and Six Months ended June 30, 2025 and 2024 ALAMOS GOLD INC. For the Three and Six Months ended June 30, 2025 Table of Contents | Overview of the Business | 3 | | --- | --- | | Highlight Summary | 4 | | Second Quarter 2025 Highlights | 6 | | Environment, Social and Governance Summary Performance | 8 | | Business Developments | 9 | | Outlook and Strategy | 11 | | Island Gold District ("Isla ...