Q1 2026 Earnings Call Presentation

B V C : M I N E R O S T S X : M S A O T C Q X : M N S A F

HOSTED BY:

Daniel Henao

CEO

Natalia Correa

CFO

Ann Wilkinson

VP Investor Relations

MAY 7, 2026

Results Q1 2026

F I N AN C I AL H I G H LI G H T S

O P E R AT I O N AL H I G H LI G H T S

ST R AT E G I C H I G H L I GH T S

NET PROFIT

+131%vs. Q1 2025

ADJ. EBITDA

+116% YoY

GOLD PRODUCTION

AISC within 2026 guidance

AISC / OZ AU SOLD

Cash Cost $2,002/oz

TOLIMA PROJECT 1

28.3 Moz Au

Tolima, Colombia

2026 DRILLING

12,770 m

of 75,400 m planned

$4,777 oz

RECORD REALIZED GOLD PRICE

Average realized price up 66% vs. Q1 2025 - fully unhedged

production strategy at work

161,766 oz

SILVER SOLD - RECORD

Avg. realized $87/oz (+164% YoY) · Polymetallic upside of Hemco

asset base.

IND EX INC LUSION + TSX30® + TOP BVC PERFORMER

DTC eligibility achieved on OTCQX · Broader institutional reach across all venues

$173M

GOLD-EXPOSED LIQUID ASSETS

Physical bullion $20.4M · Gold-backed receivables $152.7M

2,000 tpd

HEMCO THROUGHPUT - EXPANSION ON TRACK

Target 2,200 tpd by June 2026 and 2,500 tpd by December 2026.

4,376 oz Au

PHYSICAL GOLD TREASURY

Held at period-end · Supports long-term capital allocation in a rising gold price environment

1Mineros has not verified this historical estimate as a current mineral resource. Mineros' Qualified Person has not completed sufficient work to classify the historical estimate as a current mineral resource, and Mineros is not treating it as such. Significant data compilation, verification, and potentially additional drilling would be required before any declaration, update or reclassification. Consequently, the QP disclaims all liability for the accuracy, completeness, or reliability of the data provided by these external sources. The delineation of the Los Nevados Páramo under Resolution 1987 of 2016 remains subject to legal proceedings and may affect portions of the historical resource estimate. For further details on the Mineral Resources, refer to AngloGold Ashanti's annual report on Form 20-F for the financial year ended 31 December 2024.

B V C : M I N E R O S T S X : M S A O T C Q X : M N S A F

Q1 2026 HIGHLIGHTS: FINANCIAL, OPERATIONAL AND STRATEGIC

REVENUES

60,785 AUEQ Oz

$4,777 Average realized price

ADJUSTED EBITDA

53% Margin EBITDA

GROSS PROFIT

Revenue outpaced the 55% increase in cost of sales

NET PROFIT

$0.29 EPS

FREE CASH FLOW

Capital deployed in strategic gold position

Records across the board

B V C : M I N E R O S T S X : M S A O T C Q X : M N S A F

OUTSTANDING FINANCIAL RESULTS - Q1 2026

B V C : M I N E R O S T S X : M S A O T C Q X : M N S A F

BALANCE SHEET STRENGTH

The average selling price, the Cash Cost per ounce of gold sold, and the AISC per ounce of gold sold are non-IFRS financial measures. Non-IFRS financial measures and indicators should not be considered in isolation or as a substitute for performance measures prepared in accordance with IFRS. These indicators may not be comparable to similar financial indicators disclosed by other issuers.

Gold equivalent ("AuEq") ounces = (Gold ounces produced + revenue derived from silver ounces sold) / average realized price per ounce of gold sold.

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B V C : M I N E R O S T S X : M S A O T C Q X : M N S A F

CONSISTENT PRODUCTION

Colombian Operations

Nicaraguan Operations

Production: 38k Au oz

AISC: $2,340/oz

Lost Time Freq: 0.13

Mining Mix: 79% Bonanza Mining

Partners, 21% Industrial

B V C : M I N E R O S T S X : M S A O T C Q X : M N S A F

OPERATIONAL EXCELLENCE - Q1 RESULTS

83k-93k Au oz AISC: $1,820-$1,920/oz Au

CMP Margin 11% - 14%

130k-140k Au oz AISC: $2,000-$2,100/oz Au

BMP Margin 39% - 41%

(1) The gold price assumed was $4,405. While our 2026 guidance is anchored in our primary gold reserves, the Company continues to optimize silver recovery at the Hemco processing plant. Although silver is not currently classified as either a Mineral Reserve or a Mineral Resource, we expect improvements to our ability to recover silver will provide a positive impact on our revenues and consolidated AISC. For reporting 8 purposes, any silver recovered will be disclosed as gold equivalent (AuEq) production using the then-average price per ounce sold of each metal.

B V C : M I N E R O S T S X : M S A O T C Q X : M N S A F

2026 GUIDANCE - ON TRACK TO MEET GUIDANCE

KEY MILESTONES

Q2 2026

Drilling starts

2026

DIA filing

2027

Resource update

2027+

Advanced studies

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LA PEPA, CHILE - UPDATE

Atacama Region, Chile · 4,200 m a.s.l. · 100% Mineros

Maricunga Gold Belt · One of South America's premier gold corridors

Sectorial permit application submitted

Environmental characterization studies underway

Environmental Impact Declaration (EIA) in preparation

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Part of USD 51.7M 2026 Growth CAPEX portfolio

Maricunga Belt: globally recognized Tier-1 gold district Complements Nicaragua growth → path to 500 koz AuEq by 2030

Environmental Certification for Porvenir Processing Plant and Tailings Storage Facility Received

B V C : M I N E R O S T S X : M S A O T C Q X : M N S A F

PORVENIR PROJECT - ENVIRONMENTAL PERMITTING ACHIEVED

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New environmental permits secured: underground mining · forest mgmt. · municipal opinion · processing

plant & TSF · two Attorney General certifications

Approved infrastructure: 2,500 tpd SAG mill plant with Cu-Pb-Zn flotation + Merrill-Crowe precious metals recovery

TSF designed to GISTM international standard - major project de-risking milestone

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W W W . M I N E R O S . C O M . C O

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