Allied Gold Corporation · TSX:AAUC
Allied Gold — Q3 2026 Earnings Presentation
16 slides from Allied Gold's earnings presentation, Nov 5, 2026
Slide 1: Third Quarter 2026 Results
Third Quarter 2026 Results Conference call and webcast November 5, 2026 TSX: AAUC | NYSE: AAUC
Slide 2: Cautionary statements and Disclaimers
Cautionary statements Disclaimers Cautionary statement regarding forward-looking information and statements risks relating to security and human rights; risks related to compliance with anti-corruption Scientific and technical information This presentation contains "forward-looking information" and
Slide 3: Third Quarter 2026 Performance
Third Quarter 2026 Performance(1) Operations Strong performance at the CDI Complex, with Agbaou performing well and Bonikro performing well above plan. Sadiola production compared favourably to plan and the prior-year quarter, with operational improvement initiatives underway, including amended mini
Slide 4: Operational Highlights
Operational Highlights(¹) Sadiola, Mali Bonikro, Côte d’Ivoire Agbaou, Côte d’Ivoire Production Production Production 42,291 oz 28,644 oz 20,260 oz Cost of sales Cash costs(2) AISC(2) Cost of sales Cash costs(2) AISC(2) Cost of sales Cash costs(2) AISC(2) US$2,889 US$2,756 US$2,876 US$1,747 US$1,411
Slide 5: Third Quarter Financial Performance
Third Quarter Financial Performance(1) US$ millions unless stated Q3 2026 Q3 2025 Realized gold price averaged US$3,863/oz in the quarter. Revenue 358.1 305.6 Gross profit 134.5 113.4 Cost of sales, cash costs(2) and AISC(2) were US$2,416/oz, US$2,181/oz, and US$2,378/oz, respectively, reflecting Gr
Slide 6: Kurmuk Production
Kurmuk Production(¹) Ramp-up 25,000 to 35,000 oz Commercial production and nameplate capacity expected by year-end 2026 55,000 to 65,000 oz Q1 2027; ~20,000 oz a month on average commercial production Annual production 240,000 to 270,000 oz 2027; the upper end exceeds previous guidance Lowest-Cost O
Slide 7: Kurmuk Mine
Kurmuk Mine
Slide 8: Kurmuk Mine
Kurmuk Mine
Slide 9: Growth Outlook
Growth Outlook(¹) Sadiola Côte d’Ivoire Complex Kurmuk Kurmuk Ramp up the new mine Annual gold production, koz (100% basis) ~800 koz Ramp-up production toward an average of ~300,000 oz annually over the first four years ~300 More than 2x Sadiola Advance the modular expansion 2025 production Toward a
Slide 10: Upcoming Milestones
Upcoming Milestones(1) Q4 2026 December 2026 Early 2027 Q2 2027 Kurmuk ramp-up Gold collars expire Sadiola expansion Sadiola thickener update Ramp-up to commercial Zero-cost collars of 10,000 oz a Updated feasibility study and Pre-leach thickener production and nameplate month run to December 2026 c
Slide 11: Appendix
Appendix • Mineral Reserves and Mineral Resources • Non-GAAP financial performance measures and reconciliations
Slide 12: Mineral Reserves and Mineral Resources
Appendix Mineral Reserves and Mineral Resources Proven Mineral Reserves Probable Mineral Reserves Total Mineral Reserves Content Content Content Tonnes (kt) Grade (g/t) Tonnes (kt) Grade (g/t) Tonnes (kt) Grade (g/t) (koz) (koz) (koz) Sadiola Mine 37,164 1.17 1,400 104,664 1.61 5,411 141,827 1.49 6,
Slide 13: Notes on Mineral Reserves and Mineral Resources
Appendix Notes on Mineral Reserves and Mineral Resources Mineral Reserves Notes Agbaou Mine • Mineral Reserves are stated effective as at December 31, 2025 or March 31, 2026 and estimated in • A base gold price of $2,300/oz was used for the pit optimization (revenue factor 1.00) accordance with CIM
Slide 14: Non-GAAP Financial Performance Measures
Appendix Non-GAAP Financial Performance Measures The Company uses the non-GAAP financial performance measures below, together with measures determined in accordance with IFRS, to evaluate the underlying performance of the Company. They do not have any standardized meaning prescribed under IFRS, may
Slide 15: Non-GAAP Reconciliations
Appendix Non-GAAP Reconciliations Adjusted Net Earnings(1) US$ thousands EBITDA(1) and Adjusted EBITDA(1) US$ thousands 9M 9M 9M 9M Q3 2026 Q3 2025 Q3 2026 Q3 2025 2026 2025 2026 2025 Net earnings attributable to 29,131 (17,917) 8,050 (28,203) Net earnings (loss) 30,049 (7,379) 35,460 17,034 shareho
Slide 16: Non-GAAP Reconciliations
Appendix Non-GAAP Reconciliations US$ thousands unless stated Sadiola Bonikro Agbaou Total Notes Cost of sales, excluding DDA 117,724 42,793 40,018 200,535 • Total AISC(1) represents the DDA 5,473 9,768 7,792 23,033 weighted average of the three operating mines and does not Cost of sales 123,197 52,