• Alamos Gold average gross margin for 2023 was 55.99%, a 5.7% increase from 2022.
• Alamos Gold average gross margin for 2022 was 52.97%, a 10.88% increase from 2021.
• Alamos Gold average gross margin for 2021 was 59.44%, a 9.51% decline from 2020.

Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.