Allied Gold Corporation · TSX:AAUC
Allied Gold — Q3 2024 Earnings Presentation
20 slides from Allied Gold's earnings presentation, Nov 8, 2024
Slide 1: Third Quarter 2024 Results
TSX: AAUC THIRD QUARTER 2024 RESULTS November 8, 2024
Slide 2: Disclaimers
Disclaimers CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION AND STATEMENTS Certain information, statements, beliefs and opinions in this presentation are forward-looking statements or forward-looking information, within the meaning of applicable Canadian securities legislation. All statem
Slide 3: Third Quarter Operational Results
Third Quarter Operational Results(1) Laying the foundation for stronger future performance and success: Production: Third-quarter production of 85,147 oz aligned with the first two quarters of 2024 and Q3 2023; year-to-date production of 258,459 oz marks an increase of nearly 10,000 oz over the same
Slide 4: Leadership Strengthened and Operational Improvements
Leadership Strengthened and Operational Improvements Building a Stronger • Leadership & Governance Enhancements Foundation: Strategic Enhancements Today to • Chief Operating Officer Appointment: Johannes Stoltz was appointed as COO, bringing 28 years of mining experience and deep expertise in Allied
Slide 5: Unlocking Long-Term Value Through Strategic Agreements and Initiatives
Unlocking Long-Term Value Through Strategic Agreements and Initiatives • Mali • The Company entered into protocol agreement with the Government of Mali, unlocking substantial long-term value for its 80% owned Sadiola Gold Mine • This agreement secures regulatory and fiscal stability, positioning the
Slide 6: Strengthening Operational Performance
Strengthening Operational Performance(1) • Management has been implementing an optimization plan to ensure a materially stronger fourth quarter and to position the Company to achieve its 2025 objectives and beyond: ✓ Initiating the Safety Culture Journey and Other Safety Initiatives ✓ Mine Planning
Slide 7: Operational Highlights
Operational Highlights(1,2) Sadiola, Mali Bonikro, CDI Agbaou, CDI PRODUCTION: SALES: PRODUCTION: SALES: PRODUCTION: SALES: 39,138 oz 35,289 oz 27,369 oz 25,457 oz 18,640 oz 18,193 oz COST PERFORMANCE COST PERFORMANCE COST PERFORMANCE Cost of sales, cash cost and AISC per ounce sold of Cost of sales
Slide 8: Fourth Quarter Expectations
Fourth Quarter Expectations(1) Q4 2024 Production 98,000 – 102,000 ounces Q4 expected to be materially stronger, showcasing an annualized production • Fourth-quarter production gains are driven by more fulsome contributions from Korali-Sud, which had nominal impact year-to-date platform exceeding 37
Slide 9: Third Quarter Financial Performance
Third Quarter Financial Performance The Company is optimizing the operations of its producing assets while developing Quarterly Financial Highlights its high-potential assets 3Q 2024 3Q 2023 • Adjusted net earnings per share(3) of $0.20 Revenue 188.9 176.7 • Operating cash flows before tax and net c
Slide 10: Executing Financing Strategy
Executing Financing Strategy(1) Allied’s operational Allied continued to enhance financial flexibility to support its growth plans this quarter. The recent equity issuance is designed to deliver long-term shareholder value by funding growth and optimization initiatives with substantial upside optimi
Slide 11: Project Updates
Project Updates(1) Kurmuk Project • Project Remains on Track and On Schedule • Early works completed and started and progressed earthworks on plant site and general facilities • Procurement of major services and critical equipment progressing well, including concrete, civil, steel, power and mining
Slide 12: Sustainability
Sustainability • Safety and Environmental Performance - The Company continued the development of its Sustainability Management System across all its sites, with the communication of Health, Safety, Environment and Social Responsibility Policies and the preparation of a new sustainability framework.
Slide 13: Appendix
APPENDIX 12
Slide 14: Mineral Reserves and Mineral Resources
Appendix A Mineral Reserves and Mineral Resources As of December 31, 2023 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 18,612 0.
Slide 15: Year-End 2023 Mineral Reserves and Resources: Sadiola and Kurmuk
Appendix A Year-End 2023 Mineral Reserves and Resources Reporting Notes SADIOLA KURMUK Mineral Resources: Mineral Resources: • The Sadiola Mineral Resource Estimate is listed at 0.5 g/t Au cut-off grade, • The Kurmuk Mineral Resource Estimate is listed at 0.5 g/t Au cut-off grade and constrained wit
Slide 16: Year-End 2023 Mineral Reserves and Resources: Bonikro and Agbaou
Appendix A Year-End 2023 Mineral Reserves and Resources Reporting Notes BONIKRO AGBAOU Mineral Resources: Mineral Resources: • The Mineral Resource estimate for Bonikro and Agbalé are listed at 0.5 g/t Au cut-off • The Agbaou Mineral Resource Estimate is listed at 0.5 g/t Au cut-off grade, grade, co
Slide 17: 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: (i) Cash costs
Slide 18: Non-GAAP Financial Measures: AISC per Gold Ounce Sold
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
Slide 19: Non-GAAP Financial Measures: Adjusted Net Earnings
Appendix B Non-GAAP Financial Measures ADJUSTED NET EARNINGS (LOSS) AND ADJUSTED NET EARNINGS (LOSS) PER SHARE The Company uses the financial measures “Adjusted Net Earnings (Loss)” and the non-GAAP ratio “Adjusted Net Earnings (Loss) per share” to supplement information in its financial statements.
Slide 20: Investor Relations
Investor Relations 200 Bay Street Suite 2200, Royal Bank Plaza – North Tower Toronto, Ontario M5J 2J3 ir@alliedgold.com www.alliedgold.com