PDI Gold (PDI) Mining Forum Americas 2026 summary

Operational performance and production guidance

• Kiniéro is on track to meet or exceed 176,000 ounces for the year, with all-in sustaining costs among the lowest in West Africa at $1,250 per ounce.

• June 2026 quarter saw 64,000 ounces poured at an all-in sustaining cost of just over $1,400, with $364 million in cash and bullion at quarter-end.

• Kiniero mine exceeded nameplate capacity, achieving 54,252oz gold poured in the June quarter at US$1,254/oz AISC.

• Nampala continues to generate over $25 million annually, with 2026 guidance of 41-46koz and ongoing monthly free cash flow.

• Reserve updates added over 400,000 ounces at Kiniéro, bringing total reserves to 1.75 million ounces.

Project development and exploration

• Bankan is progressing toward permitting, with construction targeted to start next quarter and first gold pour expected in Q1 2028.

• Bankan's DFS is being optimized to reduce CapEx and increase throughput, with results expected by year-end.

• Bankan Gold Project is construction-ready, pending final mining permit, with a 12-year mine life and average annual production of 250koz at US$1,057/oz AISC.

• Significant exploration potential remains at Bankan, Kiniéro, and Mansounia, with ongoing drilling and resource expansion; Kiniero’s 2026 program targets 133,000m drilling.

• Mansounia is expected to join with Sabali to form a large, low-strip super pit, supporting mill feed for years.

Strategic vision and growth plans

• Aims to become a leading West African gold producer with two operating mines and a major development project in Guinea and Mali.

• Targeting production of over 400koz per annum by 2029, leveraging a 10.1Moz resource base including 4.8Moz reserves.

• Key catalysts include the grant of mining permits for Bankan and Mansounia, Bankan final investment decision, and ongoing exploration to expand resources and mine life.

• Strategic investment in Awalé Resources in Côte d'Ivoire offers future growth and potential acquisition opportunities.

• Recent merger with Robex completed in April 2026, consolidating assets and expertise.