PDI Gold (PDI) Investor presentation summary

Portfolio and production

• 2026 production guidance of 198–220koz across Kiniero (157–174koz) and Nampala (41–46koz); targeted production exceeds 400kozpa by 2029.

• Kiniero life-of-mine average production of 139kozpa over 9 years; first gold poured in Dec 2025 and commercial production began in Feb 2026.

• Bankan DFS outlines average production of 250kozpa over 12 years; portfolio resources total 10.1Moz, including 4.8Moz of reserves.

September-quarter performance

• 53koz gold poured, 67koz sold, revenue of US$283M at a realized price of US$4,227/oz, and AISC of US$1,390/oz.

• Cash margin from operations was US$176M and free cash flow was US$128M; cash and bullion totaled US$405M at 30 Sep 2026.

• Kiniero revenue rose 51% QoQ to US$258.1M and sales rose 59% to 61,149oz, while poured gold fell 16% to 45,599oz; AISC was US$1,246/oz.

• Nampala revenue fell 47% QoQ to US$24.8M and poured gold fell 26% to 7,266oz; AISC rose to US$2,914/oz, partly reflecting 2,712oz sold in October.

• September-quarter AISC of US$1,390/oz compared with US$1,570/oz for the West African peer benchmark.

Bankan development

• Bankan has 5.53Moz of resources and 2.95Moz of probable reserves; DFS parameters include 4.5Mtpa processing, 92.8% average life-of-mine recovery, US$463M capex and US$1,057/oz AISC.

• Exploitation permit awaits final sign-off, anticipated near term; process-plant detailed engineering was ~20% complete, with completion targeted for Q2 2027.

• US$18M in down payments made for mills and the power station; first mill delivery is expected in Dec 2026 and first power-station delivery in Q2 2027; no increase to DFS capex is anticipated.

• Construction is targeted to be underway by early 2027, following permit grant and optimization studies.