30 July 2026
Speakers
- CEO - Chris Eger
- COO - Gavin Harris
- CFO - Dave Jackson
-
Corporate Development and Investor Relations - Matty O'Toole-Howes
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Key progress made across the Group
Q2 Activities Summary
Operating Metrics
45,192 oz Gold Poured
$2,484/oz Group AISC
Operations
Safety - Year to date TRIFR of 0.59 with two recordable injuries in Q2
Syama - Expectations in line with June update, 29,881oz at an AISC of $2,654/oz
Mako - Strong Quarter, 15,311oz at an AISC of $1,538/oz
Projects & Exploration
Financial Metrics
o 54,599 oz Gold Sold
$4,526/oz Avg. Realised Price
o $128.5 M EBITDA
$77.4 M Operating Cash Flow
o $317.4 M Net Cash
Doropo - Moved from FID into active project execution with construction activities ramping up - $37m capex
ABC Project - In July, an updated inferred MRE of 133 Mt grading 0.71 g/t Au for
3.0 Moz of contained gold was released
Syama Sulphide Conversion Project - Commenced stage 1 commissioning and remains on track for ramp up through 2026
Mako Life Extension Project - Advanced permitting and technical workstreams
Corporate
Ravenswood sale proceeds of $53.9 million received from repayment of Vendor Financing Promissory Note
Doropo financing progressing with $155 million of local bank financing in Côte d'Ivoire secured with a further $105 million expected to be secured in Q3 2026
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Growing annual gold production to over 500koz
Pathway to 500+ koz p.a. within four years1Achieved
277 koz
Guidance
250-275
koz
Target
Targeting >500koz p.a. with Doropo in production
Growth opportunities beyond 2030:
ABC Project
La Debo Project
Guinea Exploration
Doropo Expansions
Optimising Mali
250-275
koz
2025 2026 2027 2028 2029 Beyond 20301
Syama Mako Doropo ABC (inc. Future Growth Opportunities) 1Production by asset1
(koz Au)
29%
2025
71%
42%
2029
18%
40%
All in sustaining costs2
Enhanced diversification by jurisdiction
New producing asset
(US$/oz)
2026E Guidance (mid)
LOM Avg
Doropo expected to be highly cost competitive over the Life of Mine
1,472
1,700
2,050
Syama Mako Doropo
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Note: Production target based on Probable and Proven Ore Reserves that have been prepared by Competent Persons in accordance with the requirements of the JORC Code (2012).
Illustrative in nature. This does not constitute guidance, production forecasts or reserve reporting. Actual production profile will be subject to a number of variables, including future drilling activities and evaluation work. There is no certainty that further exploration work, studies or future investment future decisions will result in the targets being realised. Future Growth Opportunities have not yet been determined.
AISC for Syama and Mako based on 2026E guidance (see 'December 2025 Quarterly Activities Report' released on 22 Jan 2026). AISC for Doropo based on Life of Mine average AISC (see 'Doropo Final Investment Decision Approved' released on 12 March 2026).
Côte d'Ivoire
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