Allied Gold Corporation · TSX:AAUC
Allied Gold — Q2 2024 Earnings Presentation
23 slides from Allied Gold's earnings presentation, Aug 9, 2024
Slide 1: Second Quarter 2024 Results
TSX: AAUC SECOND QUARTER 2024 RESULTS August 9, 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: Operating trends and cash flow generation showing positive momentum
Operating trends and cash flow generation 2nd QUARTER showing positive momentum(1) OPERATING $56.9M CASH FLOW BEFORE TAX AND WORKING CAPITAL The second quarter continued to show operating improvements: Improving Production during the second quarter of 88,135 oz, which is 2.5% higher than the OPERATI
Slide 4: Executing Financing Strategy
Executing Financing Strategy(1) Allied Gold’s positive • Based on recent gold prices, the Company expects to be fully financed through cash flows. However, as a precaution to avoid dependence on gold prices, Allied is actively pursuing non-dilutive operating trends are being alternatives: complement
Slide 5: Operational Highlights
Operational Highlights(1,2) Sadiola, Mali Bonikro, CDI Agbaou, CDI PRODUCTION: SALES: PRODUCTION: SALES: PRODUCTION: SALES: 51,784 oz 50,509 oz 20,496 oz 19,036 oz 15,855 oz 15,066 oz COST PERFORMANCE COST PERFORMANCE COST PERFORMANCE Cost of sales, cash cost and AISC per ounce sold of Cost of sales
Slide 6: Project Updates
Project Updates(1) Kurmuk Project • Engineering and Procurement: EPCM activities advancing according to plan, with long lead items orders placed and critical paths packages awarded, including ball mill, plant site earthworks and camp construction • Early Works: The construction water dam was complet
Slide 7: Second Quarter Financial Performance
Second Quarter Financial Performance The Company is optimizing the operations of its producing assets while developing Quarterly Financial Highlights its high-potential assets 2Q 2024 2Q 2023 • Adjusted net earnings per share of $0.06 Revenue 195.6 145.0 • Operating cash flows before tax and net cha
Slide 8: 2024 Guidance
2024 Guidance(1,3) Gold Production 2024 is set to deliver increased 375,000 – 405,000 ounces production at lower costs First Half: 45%, Second Half: 55% Cash Costs(2) Significant expansion projects are underway, while exploration continues $1,250/oz to add upside across the Company’s asset portfolio
Slide 9: Sustainability
Sustainability • Safety and Environmental Performance - The Company did not report any significant Environmental Incidents for the three months or six months ended June 30, 2024 - For the quarter ended June 30, 2024, the Company reported 2 Lost Time Injuries (“LTI”), resulting in a Lost Time Injury
Slide 10: Allied Gold: Africa's Next Leading Gold Producer
Allied Gold Africa’s Next Leading Gold Producer(1) • Upcoming Milestones: - November 2024 exploration and resource update - Q3 2024 financial and operating results scheduled for release on November 8th - Update on financial plan - Update on plans to accelerate expansion of Sadiola - Trading on the O
Slide 11: Appendix
APPENDIX allied GotD
Slide 12: 2024 Guidance by Mine
2024 Guidance by Mine(1) Au Production Cash Costs Mine-Site AISC (Au oz) (US$/oz)(2,3) (US$/oz) (2,3) Sadiola 195,000 – 205,000 1,075 1,150 Bonikro 95,000 – 105,000 1,275 1,650 Agbaou 85,000 – 95,000 1,595 1,675 Total 375,000 – 405,000 1,250 1,400 (US$ millions) Sustaining Capital Expansionary Capit
Slide 13: Sadiola Overview
Sadiola Overview(1) • Large-scale open-pit mine set for transformational growth and optimizations over an estimated 19-year LOM; Allied owns 80% with Mali government holding a 20% interest • Significant and growing mineral inventory: Mineral Reserves increased by ~187% of depletion in 2023 to 7.4 Mo
Slide 14: Côte d'Ivoire Operating Complex Overview
Côte d’Ivoire Operating • Open pit gold mining complex located ~20km apart, offering synergies and Complex Overview(1) exploration potential o Allied ownership: Agbaou 85%, Bonikro 89.9% • Infrastructure advantage: Combined milling capacity and infrastructure provides synergies and optionality • Pro
Slide 15: Kurmuk Overview
Kurmuk Overview(1) • Accretive ownership consolidation: Increased ownership to 93% with remaining 7% held by the Ethiopian government • Phased, expanded project: A plus 240,000-ounce-per-year gold mine with an AISC target of <US$950/oz and a strategic mine life extending for an initial 15 years(3,4)
Slide 16: Kurmuk Project Update
Kurmuk Project Update(1) • Execution Planning • Completed execution planning and preparation activities, including mobilizing the EPCM contractor to the site, advancing detailed engineering, formalizing, and executing the procurement plan • Engineering and Procurement: • Ball mill order has been pla
Slide 17: Appendix A: 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 18: 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 19: 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 20: 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: (i) Cash costs
Slide 21: Appendix B: Non-GAAP Financial Measures (AISC)
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 22: Appendix B: 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 23: Investor Relations
Investor Relations 200 Bay Street Suite 2200, Royal Bank Plaza – North Tower Toronto, Ontario M5J 2J3 ir@alliedgold.com www.alliedgold.com