Allied Gold Corporation · TSX:AAUC
Allied Gold — Q4 2024 Earnings Presentation
26 slides from Allied Gold's earnings presentation, Mar 27, 2025
Slide 1: Fourth Quarter 2024 Results
TSX: AAUC FOURTH QUARTER 2024 RESULTS March 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: Operations, Leadership, and Strategic Improvements
Operations, Leadership, and Strategic Improvements • Solid Progress in Q4 • Record quarterly production of 99,632 gold ounces • Adjusted AISC costs of $1,708 per ounce and declining from previous quarters • Continue positive progress in growth projects • Increasing cash balances, secured streaming a
Slide 4: Fourth Quarter Financial Performance
Fourth Quarter Financial Performance The Company is optimizing the operations of Quarterly Financial Highlights its producing assets while developing its 4Q 2024 4Q 2023 high-potential assets Revenue 170.8 180.0 Gross profit (excl. DA)(1) 69.0 44.5 • Adjusted net earnings per share(3) of $0.03 or $0
Slide 5: Operational Highlights
Operational Highlights(1,2) Sadiola, Mali Bonikro, CDI Agbaou, CDI PRODUCTION: PRODUCTION: PRODUCTION: 54,210 oz 20,259 oz 25,163 oz COST PERFORMANCE COST PERFORMANCE COST PERFORMANCE Cost of sales, cash cost and adjusted AISC per ounce sold of Cost of sales, cash cost and AISC per ounce sold of Cos
Slide 6: 2025 Guidance
2025 Guidance(1) 2025 is set to deliver increased production YoY, while advancing Gold Production Mine-Site All-in our transformational growth Cash Costs(2) Operating 375,000 – 400,000 Sustaining Costs(2) projects across the Company’s $1,540-$1,620/oz ounces $1,690-$1,790/oz portfolio Expansionary T
Slide 7: Unparalleled Optionality and Growth
Unparalleled Optionality and Growth(1) Large existing New discoveries being Growing production and mineral inventory identified and proven lowering costs Allied Gold has a unique presence on two of the world’s most abundant gold belts: the Birimian Greenstone Belt and the Arabian-Nubian Shield Notes
Slide 8: Kurmuk Progress Update
Kurmuk Progress Update Construction Water Dam Construction Team Safety Gathering Main Water Dam Earthworks Dish Mountain Mineralized Structure 7
Slide 9: Sadiola Expansion Progress
Sadiola Expansion Progress Construction Team Safety Gathering Site Overview, Mill foundation, conveyor foundations Rebar and Concrete Mill Foundation 8
Slide 10: Exploration
Exploration Sadiola • Ongoing exploration activities at Korali-Sud, Sekekoto West, FE4, FE2.5, and Tambali South are part of Allied’s strategy to leverage the existing resources and infrastructure to maximize production and cash flows in the short term Côte d’Ivoire • Focus on extending mine life th
Slide 11: Sadiola Exploration
205,000mE 210,000mE 215,000mE 220,000mE 225,000mE Sadiola Exploration(1) Village Town Sadiola Mine Permit Road Tailings SEMOS Prospects Support and enhance first phase expansion, looking to improve Sadiola Village Legend Prospects Farabakouta upon the base plan by adding low-cost oxide ounces in the
Slide 12: Côte d'Ivoire Exploration
240,000mE 250,000mE Côte d’Ivoire Exploration(1) Village Town PR 843 Road River Increase mineral inventories to extend mine life +10 years and Oumé Bonikro Lake Beriaboukro improve production profile with the addition of oxide and fresh ore at Advanced Prospect Prospect Agbaou and the development of
Slide 13: Kurmuk Exploration
650,000mE 655,000mE Kurmuk Exploration(1) Village Exploration Kurmuk Mining Road Camp License Site Access Road Mine Site in Development Increase mineral inventories to extend mine life and improve Northern Prospects production profile with a mine life target of +15 years Western Prospects Dish Mount
Slide 14: Unique Mid-Tier Gold Producer
Unique Mid-Tier Gold Producer 375koz-400koz/y Current Production Platform and Developing Two Generational Mines with Untapped Upside x x Sadiola Kurmuk Short Term Average Production Target Mine Life 2026 Production(3) Average Production Target Mine Life Production(3) ’30-’33 ‘26-’29 200koz-230koz ~4
Slide 15: Driving Sustainable Growth and Value Creation
Driving Sustainable Growth and Value Creation Mid-Sized Company with Large-Capitalization Profile Underpinned by Two Tier-One Assets Hiding in Plain Sight(1) • Growth driven optimizations, expansions and exploration successes • Anchored by world-class mines • Focused on the phased expansion at Sadio
Slide 16: Allied Gold Africa's Next Leading Gold Producer
Allied Gold Africa’s Next Leading Gold Producer(1) • Upcoming Milestones: - Q1 2025 financial and operating results scheduled for release on May 7th - New sustainability report in mid-2025 - Kurmuk exploration and mining plan update in Q3 2025 - Allied is pursuing listing on the NYSE, using the symb
Slide 17: Appendix
APPENDIX Gacliied ie Be leon corp oe
Slide 18: Sadiola
Sadiola 2025 Guidance(1) Au Production (Au oz) 200,000 – 205,000 Cash Costs 1,630 – 1,715 (US$/oz)(2) Mine-Site AISC 1,650 – 1,735 (US$/oz) (2) Sustaining Capex 2 US$ million Expansionary Capex 70 US$ million Exploration 6 US$ million Period Operations Projects and Sustaining Exploration 2025 Guidan
Slide 19: Bonikro
Bonikro 2025 Guidance(1) Au Production 98,000 – 105,000 (Au oz) Cash Costs 1,230 – 1,300 (US$/oz)(2) Mine-Site AISC 1,500 – 1,585 (US$/oz) (2) Sustaining Capex 67 US$ millions Expansionary Capex 1 US$ millions Exploration 6 US$ millions Period Operations Projects and Sustaining Exploration 2025 Guid
Slide 20: Agbaou
Agbaou 2025 Guidance(1) Au Production 77,000 – 90,000 (Au oz) Cash Costs 1,630 – 1,715 (US$/oz)(2) Mine-Site AISC 2,050 – 2,160 (US$/oz) (2) Sustaining Capex 30 US$ million Expansionary Capital 1 US$ million Exploration 3 US$ million Period Operations Projects and Sustaining Exploration 2025 Guidanc
Slide 21: Kurmuk
Kurmuk 2025 Guidance(1) Expansionary Capex 280 US$ million Exploration 5 US$ million Period Operations Projects Exploration 2025 Guidance • Mining activities are planned to start in late Q1 • Construction activities are progressing well and • Expected update Mineral Resources and 2025 with the objec
Slide 22: 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 23: 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 24: 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 25: 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 26: 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