Slide 1: Second Quarter Results
TSX: AAUC; NYSE: AAUC 2025 Second Quarter Results August 7, 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: Second Quarter Highlights
Second Quarter Highlights(1) What we have done, and what it means • Operational Enhancements - Continued optimizing operations and set foundations for strong H2 and Q4 performance in production and costs Actions Impacts Geology and Technical • Drilling of high-grade areas at CDI and Sadiola • Confid
Slide 4: Second Quarter Highlights
Second Quarter Highlights(1) What we have done, and what it means • Growth and Strategic Initiatives – Driving lasting long-term growth Actions Impacts Kurmuk • Achieved key project milestones in Q2 • Ramp-up of mechanical and mining contracts • Delivery of key equipment to site • Secured water supp
Slide 5: Second Quarter Highlights and 2025 Guidance
Second Quarter Highlights and 2025 Guidance(1) 2025 Quarterly Guidance Q2 Results • Expected production - H1:H2 split (%) of 45:55; Q3 similar to Q2, while Q4 production is expected to be meaningfully Production 91,017 ounces higher at 118,000 – 122,000 oz • Costs expected to trend down as productio
Slide 6: Operational Highlights
Operational Highlights(1,2) Sadiola, Mali Bonikro, CDI Agbaou, CDI PRODUCTION: PRODUCTION: PRODUCTION: 49,283 oz 25,775 oz 15,959 oz COST PERFORMANCE COST PERFORMANCE COST PERFORMANCE Cost of sales, cash cost and AISC per ounce sold of Cost of sales, cash cost and AISC per ounce sold of Cost of sale
Slide 7: Kurmuk Progress Update
Kurmuk Progress Update(1) Key Milestones Achieved in Q2 • Engineering at approximately 90% progress • Delivery to the site of key components • Key bulk earthworks Construction Waterprogress Dam outside the process plant area was achieved ahead of schedule • Mobilization of the mining fleet is ongoin
Slide 8: Sadiola Progress Update
Sadiola Progress Update(1) Key Milestones Achieved in Q2 • Engineering completed • Concrete works progressed well, with areas handed over to mechanical by end Construction Water Dam of the quarter and according to schedule • Delivery to the site of steel and ball mills, along with other mechanical e
Slide 9: Second Quarter Financial Performance
Second Quarter Financial Performance The Company is delivering strong operational Quarterly Financial Highlights performance while developing its 2Q 2025 2Q 2024 transformational projects Revenue 252.0 195.6 Gross profit (excl. DDA)(1) 87.1 80.1 • Adjusted net earnings per share(1) of $0.14 Net earn
Slide 10: Allied Gold: Africa's Next Leading Gold Producer
Allied Gold Africa’s Next Leading Gold Producer(1) Upcoming Milestones: ➢ Exploration updates expected for Sadiola in October, Kurmuk in November and CDI in January 2026 ➢ Kurmuk MRMR update in Q4 2025 ➢ Update for Oumé in Côte d’Ivoire in late 2025 ➢ Completion of Sadiola expansion Phase 1 in late
Slide 11: Appendix
APPENDIX Gacliied ie Be leon corp oe
Slide 12: Unparalleled Optionality from Exploration Opportunities
Unparalleled Optionality from Exploration Opportunities Ongoing exploration activities are part of Allied’s strategy to leverage existing Mineral Resources and infrastructure to maximize production and cash flows in the short-term Sadiola Côte d’Ivoire Kurmuk Notes: • See Disclaimers and Cautionary
Slide 13: 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 14: 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 15: 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 16: 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 17: 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