Allied Gold (AAUC) investor relations material

Strategic asset overview

• Three core assets: Sadiola (Mali), Côte d'Ivoire complex, and Kurmuk (Ethiopia), with Sadiola and Kurmuk classified as Tier 1 mines.

• Côte d'Ivoire complex production to rise above 200,000 ounces/year, with mine life extended by new discoveries.

• Sadiola has produced 8.8 million ounces over 20+ years and is transitioning to fresh ore, targeting 360,000 ounces/year.

• Kurmuk in Ethiopia is ramping up, targeting full production by 2027, with first gold pour imminent.

• Combined annual production guidance for 2026 is 385,000–425,000 ounces, with significant growth expected.

Production, costs, and financials

• Second half and Q4 of 2026 are expected to be production-heavy, with cost improvements anticipated.

• All-in sustaining costs currently around $2,200/oz, expected to drop as new low-cost production comes online.

• Kurmuk's all-in sustaining cost projected at $1,300/oz at a $4,200 gold price, with 240,000–270,000 ounces expected in 2027.

• Pro forma cash balance at Q2 2026 is $487 million, bolstered by Zijin Gold's 9.2% equity stake.

• Exploration spend of $36 million/year supports ongoing reserve growth and mine life extension.

Growth initiatives and mine life extension

• Sadiola's modular expansion enables processing of more fresh ore, increasing production and efficiency.

• Côte d'Ivoire complex now has over 1.7 million ounces in reserves, supporting 8–10 years of mine life at 180,000–200,000 ounces/year.

• Kurmuk's initial four years average 300,000 ounces/year, with ongoing exploration to extend this period.

• Company-wide production expected to rise to 600,000–650,000 ounces in 2027, with a target of 800,000 ounces by 2030.

• Exploration at all sites aims to increase reserves, extend mine life, and improve operational flexibility.