Allied Gold Corporation · TSX:AAUC
Allied Gold — Q4 2025 Earnings Presentation
16 slides from Allied Gold's earnings presentation, Mar 31, 2026
Slide 1: Investor Presentation
TSX: AAUC; NYSE: AAUC INVESTOR PRESENTATION March 2026
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: Transaction with Zijin Gold
Transaction with Zijin Gold Strategic Rationale & Benefits to Shareholders The transaction brings certain immediate value in a highly volatile market, with C$44.00 ~C$5.5 billion(1) ~27% premium a significant premium to the per share Equity value to 30-day VWAP(2) all-time high share price All-Cash
Slide 4: A Path to Value Crystallization
A Path to Value Crystallization(1) The transaction with Zijin ➢ Strategic review — launched in 2024 to enhance geographical Gold is the culmination of a diversification, relevance and scale, strengthen cash flow and cash balances, and maximize longer-term shareholder value, mostly to reduce risk and
Slide 5: Unique Mid-Tier Gold Producer
Unique Mid-Tier Gold Producer(1) ➢ Established mid-tier producer 485-575 ➢ Large-scale, long-life assets 379 ➢ Project pipeline with unparalleled production growth resulting from 358 improvements, optimizations and project development ➢ Robust cash flow growth outpacing production growth ➢ Disciplin
Slide 6: Unique Mid-Tier Gold Producer
Unique Mid-Tier Gold Producer(1) Large and Increasing Mineral Inventory Underpinned by Two Tier-One Progressing to generate high margins and and Production Platform Generational Mines strong cash flows x x SADIOLA CDI COMPLEX KURMUK Tier-One Large mineral Robust production Realizing Next Tier-One La
Slide 7: Preliminary Fourth Quarter and 2025 Performance
Preliminary Fourth Quarter and 2025 Performance(1) Strong Q4 performance, carrying positive momentum Q4 Production | 117,004 oz 2025 Production | 379,081 oz into 2026 and delivering on growth projects • Fourth-quarter production - highest of the year, driven mainly by higher ore output and higher gr
Slide 8: 2026 Guidance and MRMR Update
2026 Guidance and MRMR Update(1) Gold Production Cash Costs(2) Mine-Site AISC(2) Operating 485,000–575,000 oz $1,550–$1,680/oz $1,750–$1,900/oz Expansionary Total Exploration Sustaining Capital Growth Capital $20 million $91 million $383 million • Production existing operations - 385,000–425,000 oz
Slide 9: Demonstrated Value Creation Over Time
Demonstrated Value Creation Over Time Relative Share Price Performance AAUC: GDXJ: Peers(3): Gold: 400% +300% +230% +200% +85% 350% ✓ Strengthened Operational Performance 300% 250% • 2026 guided production ~55% above 2023 levels, with lower costs and stronger margins 200% 150% • Exponential operatin
Slide 10: New York Stock Exchange
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Slide 11: Appendices
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Slide 12: Mineral Reserves and Mineral Resources
Mineral Reserves and Mineral Resources As of December 31, 2025 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 37,164 1.17 1,400 10
Slide 13: Appendix A Year-End 2025 Mineral Reserves and Resources
Appendix A Year-End 2025 Mineral Reserves and Resources Reporting Notes MINERAL RESOURCES • Mineral Resources are estimated in accordance with CIM Standards • Shown on a 100% basis • Are inclusive of Mineral Reserves. Mineral Resources that are not Mineral Reserves do not have demonstrated economic
Slide 14: Appendix A Year-End 2025 Mineral Reserves and Resources
Appendix A Year-End 2025 Mineral Reserves and Resources Reporting Notes MINERAL RESERVES • Mineral Reserves are stated effective as of December 31, 2025 and estimated in accordance with CIM Standards • Shown on a 100% basis • Reflects that portion of the Mineral Resource which can be economically ex
Slide 15: 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 16: 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