Allied Gold Corporation · TSX:AAUC
Allied Gold — Mining Forum Americas 2025
18 slides from Allied Gold's conference presentation, September 2025
Slide 1: Mining Forum Americas
TSX: AAUC; NYSE: AAUC MINING FORUM AMERICAS September, 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(1) ➢ Established mid-tier producer ~600 ➢ Large-scale, long-life assets 375-400 ➢ Project pipeline with unparalleled production growth 358 resulting from improvements, optimizations and project development ➢ Robust cash flows growth outpacing production growth ➢ Compell
Slide 4: 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 KURMUK Tier-One Large mineral Increasing LOM Building our next Large mineral LOM produ
Slide 5: Kurmuk
Kurmuk(1) Transformative Growth with Significant Upside 2026 Production(3) ➢ Advanced development project ~175 koz located in Ethiopia Average Production ’26-’29 ➢ Construction and mining activities ~290 koz progressing on time and costs tracking plan Target Mine Life (yrs) 15+ ➢ Start production in
Slide 6: Sadiola
Sadiola(1) Generational Asset with Ongoing Expansion and Optimizations Short-Term ➢ Phase 1 expansion progressing on Production time and costs tracking plan 200-230 koz Average Production ➢ On track to start in Q4, 2025 ’30-’33 providing operational flexibility to ~400 koz process substantial fresh
Slide 7: Côte d'Ivoire Complex
Côte d’Ivoire Complex(1) Significant Production Platform with Exploration Upside ➢ Agbaou and Bonikro located ~20 km apart, offering synergies(5) and a significant contiguous land package Target Production 180-200 koz ➢ Development waste in 2025 setting up for increased production and lower costs in
Slide 8: Unparalleled Optionality from Exploration Opportunities
Unparalleled Optionality from Exploration Opportunities(1) Ongoing exploration activities are part of Allied’s strategy to leverage the existing resources and infrastructure to maximize production and cash flows in the short-term. The 2025 exploration budget is $37M. Sadiola – $5.7M added to explora
Slide 9: Significant Near-term Growth with Longer-term Upside
Significant Near-term Growth with Longer-term Upside(1) Increasing production and cost improvements are set to deliver robust EBITDA(2) and cash flows growth, exceeding the rate of production growth ➢ Target to increase production by 50% by 2026 and approximately double by late 2028, ~600 Annual Pro
Slide 10: 2025 Quarterly Guidance
2025 Quarterly Guidance(1) 2025 Quarterly Guidance ➢ Expected production - H1:H2 split (%) of 45:55; Q3 similar to Q2, while Q4 production is expected to be meaningfully higher at 118,000 – 122,000 oz ➢ Costs expected to trend down sequentially in H2, driven by higher grades, expenditures reduction
Slide 11: Leading Gold Producer with Significant Production and Cash Flow Growth
Leading Gold Producer with Significant Production and Cash Flow Growth(1) Upcoming Milestones: ➢ Exploration updates expected ➢ Analyst/Investor Kurmuk site for Sadiola in October, Kurmuk visit expected in Q1 2026 in November and CDI in January 2026 ➢ Kurmuk MRMR update expected ➢ Sadiola expansion
Slide 12: Approaching an Inflection Point
Approaching an Inflection Point(1) Completing Sadiola Beginning operation of phase 1 expansion in Kurmuk in mid-2026 Q4 2025 Development of two generational assets + optimizations in existing operations positions the Company to undergo a significant transformation in the near-term, reshaping its sca
Slide 13: Appendices
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Slide 14: 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 15: 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 16: 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 17: 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 18: 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