Slide 1: Second Quarter 2024 Update
SECOND QUARTER 2024 UPDATE Q2 Record free cash flow
Slide 2: Cautionary disclaimers
F O RW A R D L O O K I N G S TAT E M E N T S A R E M A D E I N T H I S P R E S E N TAT I O N Cautionary disclaimers This presentation contains forward-looking statements and information within the meaning of Canadian securities law and United States securities laws, rules and legislation, including
Slide 3: Cautionary disclaimers: Additional notes
ADDITIONAL NOTES Cautionary disclaimers CAUTIONARY NOTE TO U.S. READERS This document and shall not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States or in any other jurisdiction, and no securities may be offered or sold without registration under t
Slide 4: Performing, Advancing, Strengthening
OPERATIONS EXPLORATION & DEVELOPMENT BALANCE SHEET Performing Advancing Strengthening
Slide 5: Improving FY 2024 guidance
IMPROVING PRODUCTION, LOW ERING COSTS Improving FY 2024 guidance 120-130 koz $800-$900/oz AISC Previously 110-120koz3 Previously $875-975 /oz sold AISC3 2024 updated 5 1. Includes expensed and capitalized exploration and project development. 2. Please refer to Appendix “Non-GAAP Measures" of this pr
Slide 6: Operational execution
Q 2 O P E R AT I N G H I G H L I G H T S Operational execution 33koz 0.87g/t 19.7ktpd Mining Q2 2024 YTD 2024 GOLD PRODUCTION AU GRADE STACKED AVG STACKING TPT Total Ore Mined tonnes 1,904,649 3,848,513 Waste Mined tonnes 2,051,940 2,924,511 Consistent focus on health & safety, environmental managem
Slide 7: Increasing production guidance
Q 2 O P E R AT I N G H I G H L I G H T S Increasing production guidance 33koz 0.87g/t 19.7ktpd CAMINO ROJO OXIDE GOLD PRODUCTION GOLD PRODUCTION AU GRADE STACKED AVG STACKING TPT 34 Koz 33 Koz 33 Koz Consistent focus on health & safety, environmental management 32 Koz 32 Koz 29 Koz 29 Koz Reduced cr
Slide 8: Low-cost production, improving cost guidance
Q2 FINANCIAL HIGHLIGHTS Low-cost production, improving cost guidance 35koz $782/oz $44m Operating Q2-2024 YTD-2024 GOLD SOLD All-IN SUSTAINING COST1 FREE CASH FLOW Gold Production ounces 33,206 66,429 Gold Sold ounces 34,875 66,921 1 Improving FY 2024 AISC1 guidance to $800 – $900/oz sold Average Re
Slide 9: Strong margins delivering cash flow
Q2 FINANCIAL HIGHLIGHTS Strong margins delivering cash flow $53m $44m $0.07 Q2 MARGINS COMPARE (reported to date)3 Operating Cash Flow Free Cash Flow Adj. EPS 70% 64% 60% Record free cash flow generation of $44.1 million or $0.14/sh Cash flow from operations before changes in W/C of $53.2 million or
Slide 10: Continued capital discipline
YEAR OVER YEAR IMPROVEMENTS Continued capital discipline $154m $78m $76m NET (DEBT) / CASH1 CASH BALANCE DEBT OUTSTANDING NET CASH1 $76m Building cash through profitable operations $30m Quarter end net cash1 position of $76.0 million $8m Recent long term debt repayments: -$3m -$20m • $10.0 million Q
Slide 11: Extensions represent possible system growth
C AM I N O R O J O – S U L P H I D E E X P L O R AT I O N & D E V E L O P M E N T Extensions represent possible system growth 2024 Sulphides drilling focused on testing “Extension” • Intercepting significant grades and widths • Mineralization remains open down plunge 18,000 / 30,000 metres drilled i
Slide 12: Driving shareholder value through ESG
Driving shareholder value through ESG Towards 2030 Sustainability Strategy 2nd Sustainability Report forthcoming Materiality Assessment updated Leadership Program being embedded
Slide 13: Robust cash generation, 120-130 koz
2024 PLANS Strengthening the company to grow… Robust cash ON TRACK TO ACHIEVE IMPROVED GUIDANCE 120-130 koz 2 generation $800-$900 /oz AISC 1,2 INVESTMENT INTO BUSINESS Advancing Mexico & Nevada exploration & development across portfolio2 13 1. Please refer to Appendix “Non-GAAP Measures“ for additi
Slide 14: Proven strategy, quality partners, quality projects
T H E R I G H T F O R M U L A F O R VA L U E C R E AT I O N Proven strategy + Quality partners + Quality projects
Slide 15: Non-GAAP measures
NOTES Non-GAAP measures The Company has included herein certain performance measures (“non-GAAP measures”) which are not specified, defined, or determined under generally accepted accounting principles (in our case, International Financial Reporting Standards, or “IFRS”). These are common performanc