Allied Gold Corporation · TSX:AAUC
Allied Gold — Q3 2025 Earnings Presentation
16 slides from Allied Gold's earnings presentation, Nov 6, 2025
Slide 1: Third Quarter Results
TSX: AAUC; NYSE: AAUC 2025 Third Quarter Results November 6, 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: Third Quarter Highlights
Third Quarter Highlights(1) Performance On Plan - Positioned for Strongest Quarter in Q4 ➢ Solid Q3 Performance, On Plan • 87,020 oz gold produced; set up for a strong Q4 • Strong cash generation: $109.8M Adj. EBITDA(2), $196M operating cash flow • Strong progress on Sadiola Phase 1 expansion and Ku
Slide 4: Operational Highlights
Operational Highlights(1,2) Sadiola, Mali Bonikro, CDI Agbaou, CDI PRODUCTION: PRODUCTION: PRODUCTION: 42,174 oz 21,953 oz 22,893 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 5: Sadiola Progress Update
Sadiola Progress Update(1) Key Achievements in Q3 ➢ Phase 1 expansion on schedule; mill and crushing circuit progressed ➢ Mobile pebble crusher Construction delivered for Q4 commencement Water Dam ➢ Pre-leach thickener design initiated with target construction in 2026 Upcoming Milestones ➢ Phase 1 e
Slide 6: Kurmuk Progress Update
Kurmuk Progress Update(1) Key Achievements in Q3 ➢ Engineering substantially complete; transition underway to execution and installation Construction Water Dam ➢ Mechanical erection and final concrete works progressing at the plant ➢ Logistics active and initial ore supply established from Ashashire
Slide 7: Sadiola Exploration Update
Sadiola Exploration Update(1) Five-year exploration goal of 3.5 million new ounces for a total 14 million ounces of Mineral Resources including 1 million ounces of new oxide Mineral Resources Construction Water Dam 2025 Sadiola Exploration Program & Highlights ➢ Goals for current $12M program: • Dis
Slide 8: Third Quarter Financial Performance
Third Quarter Financial Performance Operations performing to plan; Quarterly Financial Highlights transformational projects advancing on 3Q 2025 3Q 2024 schedule Revenue 305.6 188.9 Gross profit (excl. DDA)(1) 130.6 63.6 ➢ Adjusted net earnings per share(1) of $0.29 Net earnings(2) (17.9) (108.0) ➢
Slide 9: Long-Term Growth, but also Short-Term Upside
Long-Term Growth, but also Short-Term Upside Improvement in Performance Ahead ~600 ➢ Stronger performance expected starting in Q4 ➢ Sadiola: 375-400 358 • Q4 production expected to be up to 40% higher than previous quarters • Driven by new oxide zones and higher-grade fresh ore as Phase 1 comes onli
Slide 10: Allied Gold On Track, Making Meaningful Progress
Allied Gold On Track, Making Meaningful Progress(1) Upcoming Milestones: ➢ Exploration updates expected for ➢ End of year MRMR update will Kurmuk in November and CDI in include Oumé (Côte d’Ivoire) and January 2026 Kurmuk, expected in February 2026 ➢ Completion of Sadiola expansion ➢ Update for Agba
Slide 11: Appendix
APPENDIX Gacliied ie Be leon corp oe
Slide 12: 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 13: 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 14: 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 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