Allied Gold Corporation · TSX:AAUC
Allied Gold — 2025 BMO Global Metals, Mining & Critical Minerals Conference
29 slides from Allied Gold's conference presentation, Feb 26, 2025
Slide 1: 2025 BMO Global Metals, Mining & Critical Minerals Conference
TSX: AAUC 2025 BMO Global Metals, Mining & Critical Minerals Conference February 2025
Slide 2: Disclaimers
Disclaimers CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION AND STATEMENTS This presentation contains "forward-looking information" and future-oriented financial information (“FOFI”) within the meaning of applicable Canadian securities legislation. Except for statements of historical fact
Slide 3: Unique Mid-Tier Gold Producer
Unique Mid-Tier Gold Producer 375koz-400koz/y Current Production Platform and Developing Two Generational Mines with Untapped Upside x x Sadiola Kurmuk Short Term Average Production Target Mine Life 2026 Production(3) Average Production Target Mine Life Production(3) ’30-’33 ‘26-’29 200koz-230koz ~4
Slide 4: Unparalleled Optionality and Growth
Unparalleled Optionality and Growth(1) Large existing New discoveries being Growing production and mineral inventory identified and proven lowering costs Allied Gold has a unique presence on two of the world’s most abundant gold belts: the Birimian Greenstone Belt and the Arabian-Nubian Shield Notes
Slide 5: Well Positioned to Deliver on Growth and Realize Upside Optionality
Well Positioned to Deliver on Growth and Realize Upside Optionality(1) Significant in- Fully permitted Geopolitically Fiscal stability country knowledge mines and established in each jurisdiction and presence development stage jurisdictions in which projects with for mining we operate established Co
Slide 6: Preliminary Fourth Quarter Performance
Preliminary Fourth Quarter Performance(1) Q4 was materially stronger, showcasing an annualized Q4 2024 Production | 99,632 ounces of gold production platform between 375,000 to 400,000 oz per annum • Fourth-quarter production gains were driven by strong contributions from Korali-Sud at Sadiola, and
Slide 7: 2025 Guidance
2025 Guidance(1) 2025 is set to deliver increased production YoY, while advancing Gold Production Mine-Site All-in our transformational growth Cash Costs(2) Operating 375,000 – 400,000 Sustaining Costs(2) projects across the Company’s $1,540-$1,620/oz ounces $1,690-$1,790/oz portfolio Expansionary T
Slide 8: UAE-Based Ambrosia Investment Holding Announced as New Strategic Partner
UAE-Based Ambrosia Investment Holding Announced as New Strategic Partner Overview • Immediate realization of value for the Sadiola mine, while significantly bolstering the The Partnership will leverage Company’s financial strength and adding an influential partner endorsing Allied’s strong growth th
Slide 9: Transaction Rationale
Transaction Rationale • Strategic Regional Expertise – Ambrosia's experience and relationships in West Africa, particularly in Mali, are expected to complement the Company’s own relationships and collaborative approach • Sadiola Power Solution and Environmental Performance – The power supply agreeme
Slide 10: Sadiola
Sadiola Generational Asset with Ongoing Expansion to +300koz/y • Large-scale open-pit mine set for transformational growth and optimizations over a target +20-year Mine Life • World-class asset set to benefit from new partner: Value can be maximized with a like-minded and well-capitalized partner wh
Slide 11: Sadiola Expansion Progress
Sadiola Expansion Progress Construction Team Safety Gathering Site Overview, Mill foundation, conveyor foundations Rebar and Concrete Mill Foundation 10
Slide 12: Sadiola Exploration
205,000mE 210,000mE 215,000mE 220,000mE 225,000mE Sadiola Exploration(1) Village Town Sadiola Mine Permit Road Tailings SEMOS Prospects Sadiola Village Legend Prospects Farabakouta FN Pits Active Mine Site Support and enhance first phase expansion, looking to 1,534,000mN FE2 improve upon of the base
Slide 13: Bonikro
Bonikro 2025 Guidance(1) Au Production 98,000 – 105,000 (Au oz) Cash Costs 1,230 – 1,300 (US$/oz)(2) Mine-Site AISC 1,500 – 1,585 (US$/oz) (2) Sustaining Capex 67 US$ millions Expansionary Capex 1 US$ millions Exploration 6 US$ millions Period Operations Projects and Sustaining Exploration 2025 Guid
Slide 14: Agbaou
Agbaou 2025 Guidance(1) Au Production 77,000 – 90,000 (Au oz) Cash Costs 1,630 – 1,715 (US$/oz)(2) Mine-Site AISC 2,050 – 2,160 (US$/oz) (2) Sustaining Capex 30 US$ million Expansionary Capital 1 US$ million Exploration 3 US$ million Period Operations Projects and Sustaining Exploration 2025 Guidanc
Slide 15: Côte d'Ivoire Exploration
240,000mE 250,000mE Côte d’Ivoire Exploration(1) Village Town PR 843 Road River Increase mineral inventories to extend mine life and improve Oume Bonikro Lake production profile with the addition of oxide ounces at Agbaou Beriaboukro Advanced Prospect Prospect • Exploration budget of $9 million for
Slide 16: Kurmuk
Kurmuk Exceptional Asset Driving Growth • Advanced stage development project in Ethiopia: Mining activities are planned to start in late Q1 2025 with the objective of preparing the mine and building ore stockpiles to support the start of operations in 2026 • Production is expected to begin in mid-20
Slide 17: Kurmuk Progress Update
Kurmuk Progress Update Construction Water Dam Camp and site overview Structural Fill Plant Area 16
Slide 18: Kurmuk Progress Update
Kurmuk Progress Update Construction Water Dam Construction Team Safety Gathering Main Water Dam Earthworks Dish Mountain Mineralized Structure – Mining Scheduled to Begin in March/April 2025 17
Slide 19: Kurmuk Exploration
650,000mE 655,000mE Kurmuk Exploration(1) Village Exploration Kermuk Mining Road Camp License Site Access Road Mine Site in Development Exploration budget of $5 million in 2025; target mine life of 15+ Northern Prospects years Western Prospects Dish Mountain Gold Deposit Dish Mountain and Ashashire
Slide 20: Significant Near-term Growth with Longer-term Upside
Significant Near-term Growth With the plan to increase production by 50% by 2026 with Longer-term Upside(1) and approximately double by 2028, EBITDA is anticipated to triple by 2026 and increase again to almost five Increasing production and cost improvements are set to times by 2029 deliver robust
Slide 21: Case Studies in Value Creation
Case Studies in Value Creation(1) Changes in Lundin Gold valuation from the start of the Centamin Deal – The read-through value of the recent acquisition of Centamin by AngloGold Ashanti highlights the financing to September 2024 value potential at Kurmuk. Applying the implied valuation metrics from
Slide 22: Driving Sustainable Growth and Value Creation
Driving Sustainable Growth and Value Creation Mid-sized Company with Large-Capitalization Profile Underpinned by Two Tier-One Assets Hiding in Plain Sight(1) • Growth driven optimizations, expansions and exploration successes • Anchored by world-class mines • Focused on the phased expansion at Sadio
Slide 23: Appendix
APPENDIX Gacliied ie Be leon corp oe
Slide 24: Mineral Reserves and Mineral Resources Update
Mineral Reserves and Mineral Resources Update(1,2) • Revised Design Process: Review of mining design parameters, leading to the adoption of more conservative assumptions, especially regarding operational factors such as mining selectivity and dilution at the CDI operations • At Sadiola, update econo
Slide 25: Mineral Reserves and Mineral Resources
Mineral Reserves and Mineral Resources As of December 31, 2024 Proven Mineral Reserves Probable Mineral Reserves Total Mineral Reserves Mineral Property Tonnes (kt) Grade (g/t) Content (koz) Tonnes (kt) Grade (g/t) Content (koz) Tonnes (kt) Grade (g/t) Content (koz) Sadiola Mine 18,427 0.50 295 131,
Slide 26: Appendix A Year-End 2024 Mineral Reserves and Resources
Appendix A Year-End 2024 Mineral Reserves and Resources Reporting Notes SADIOLA AND KORALI SUD KURMUK Mineral Resources: Mineral Resources: • The Sadiola and Korali Sud Mineral Resource Estimates are listed at 0.5 g/t Au • The Kurmuk Mineral Resource Estimate is listed at 0.5 g/t Au cut-off grade an
Slide 27: Appendix A Year-End 2024 Mineral Reserves and Resources
Appendix A Year-End 2024 Mineral Reserves and Resources Reporting Notes BONIKRO AGBAOU Mineral Resources: Mineral Resources: • The Mineral Resource estimate for Bonikro is listed at 0.5 g/t Au cut-off grade, • The Agbaou Mineral Resource Estimate is listed at 0.5 g/t Au cut-off grade, constrained wi
Slide 28: Appendix B Non-GAAP Financial Measures
Appendix B Non-GAAP Financial Measures NON-GAAP FINANCIAL PERFORMANCE MEASURES The Company has included certain non-GAAP financial performance measures and ratios to supplement its Consolidated Financial Statements, which are presented in accordance with IFRS, including the following in this present
Slide 29: Appendix B Non-GAAP Financial Measures
Appendix B Non-GAAP Financial Measures AISC PER GOLD OUNCE SOLD AISC figures are calculated generally in accordance with a standard developed by the World Gold Council (“WGC”), a non-regulatory, market development organization for the gold industry. Adoption of the standard is voluntary, and the sta
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