Slide 1: Build. Operate. Expand. Q4/YE2024 Results & 2025 Guidance
TSX ORE OTCQX ORZCF BUILD. OPERATE. EXPAND. Q4/YE2024 Results & 2025 Guidance Webcast & Conference Call BOMBORÉ GOLD MINE BURKINA FASO March 20, 2025
Slide 2: Disclaimer
DISCLAIMER This presentation contains certain “forward-looking information” within the meaning of applicable Canadian financial decisions. Investors are encouraged to conduct their own research and consult with a qualified financial securities laws. Forward-looking information and forward-looking st
Slide 3: Bomboré: Q4 & FY2024 Highlights
BOMBORÉ: Q4 & FY2024 Highlights GOLD PRODUCTION GOLD SALES AISC PRODUCTION Q4: 36,502oz Q4: 34,833oz SALES AISC 37% increase QoQ Average realized price of Q4: $1,273/oz sold US$2,632/oz, US$91.8M in revenue FY: $1,447/oz sold FY: 118,746oz FY: 118,697oz Exceeded the mid-point of guidance Average rea
Slide 4: Financial and Operating Highlights
BUILD | OPERATE | EXPAND FINANCIAL AND OPERATING HIGHLIGHTS 2024 Commentary Operating Performance Q4-2024 Q4-2023 2024 2023 Gold production oz 36,502 33,916 118,746 141,425 • Record revenue, net income and EPS Gold sales oz 34,833 33,782 118,697 139,696 • $20M in senior debt repaid, with $67M Averag
Slide 5: Production and Unit Cost Summary
BUILD | OPERATE | EXPAND PRODUCTION AND UNIT COST SUMMARY Q4-2024 Commentary Mining Physicals Q4-2024 Q4-2023 2024 2023 Ore tonnes mined tonnes 2,063,262 2,883,006 7,889,973 9,247,175 • Record ore tonnes processed, 27% Waste tonnes mined tonnes 2,655,783 3,048,669 11,921,398 11,237,079 above namepla
Slide 6: 2025 Production and Costs Guidance
BUILD | OPERATE | EXPAND 2025 PRODUCTION AND COSTS GUIDANCE Production Guidance 2025 Guidance • Gold production to be weighted towards Q1 and Q4, due to seasonality and mine sequencing Operating Guidance Unit 2025 Guidance • As seen in 2023 & 2024 (100% Basis) Gold Production oz 115,000 - 130,000 In
Slide 7: Production Forecast & Ramp-Up
BUILD | OPERATE | EXPAND PRODUCTION FORECAST & RAMP-UP 2025 Guidance Bomboré Three-Year Production • Gold production: 115,000 - 130,000oz (100% Basis) 220 - • AISC: $1,400 - $1,500/oz 250koz 170 - Stage I Hard Rock – 2.5Mtpa 185koz • Construction underway 141koz 115 - 119koz 130koz • Commissioning Q
Slide 8: Stage I Hard Rock Expansion – 2.5Mtpa
BUILD | OPERATE | EXPAND STAGE I Hard Rock Expansion – 2.5Mtpa Budgeted Capex of $90-95M • Fully financed Existing Expansion ahead of schedule Oxide Plant 5.0Mtpa • Concrete 3 months ahead of Jaw Crusher SAG Mill schedule • Engineering ahead of schedule, bulk quantities in line with budget Ore Bin •
Slide 9: Stage I Hard Rock Expansion – 2.5Mtpa
BUILD | OPERATE | EXPAND STAGE I Hard Rock Expansion – 2.5Mtpa 1 2 3 4 5 1. Hard rock expansion area with oxide plant and shared infrastructure 2. Dump pocket & crusher foundation 3. CIL ring beams 4. SAG mill foundation 5. Major SAG mill components now on site 9
Slide 10: Stage II Hard Rock Expansion – 5.0Mtpa
BUILD | OPERATE | EXPAND STAGE II Hard Rock Expansion – 5.0Mtpa Mill throughput increased from 2.5Mtpa to 5.0Mtpa Thickener Water Tank Production 220,000 - 250,000oz/yr Ball Mill Pebble Crusher Additions to hard rock plant 4 CIL • 4 additional CIL tanks Tanks • Ball mill & pebble crusher • Thickener
Slide 11: 2025 A Transformational Year
BUILD | OPERATE | EXPAND 2025 A Transformational Year Completion of Stage I Hard Rock Expansion • Hard rock mining to increase overall head grade and lower AISC starting in 2026 • Hard rock plant to provide increased operational flexibility vs current standalone oxide plant Renewed Exploration Focus