Allied Gold Corporation produces over 87,000 ounces of gold in Q3

Operational Highlights: Q3 Gold Production and Fourth Quarter Guidance: The Company produced over 87,000 ounces of gold in the third quarter and sold over 92,000 ounces of gold during the same period. Production and sales were in line with expectations and operating plans, which fully support strong production in the fourth quarter as previously guided. Gold production for the fourth quarter is expected to be the highest of the year, driven mainly by higher grades across all operations and the commissioning of the Phase 1 expansion at Sadiola expected in December. Annual production is expected to be above 375,000 gold ounces, on track with the Company’s 2025 guidance and consistent with Allied’s broader production outlook from its producing mines of 375,000 to 400,000 ounces of gold per annum. While formal guidance for 2026 is expected to be provided early in that year, the Company is targeting annual production from its existing operations at the high end of the outlook range with more consistent quarter-over-quarter performance. This is driven mainly by the stripping performed this year at the CDI Complex, allowing access to higher-grade areas. At Sadiola, performance is expected to be driven by oxide ore feed from new zones discovered and developed in 2025, along with processing a higher proportion of higher-grade fresh ore following the completion of the Phase 1 expansion. Operations: Sadiola: At Sadiola, production of 42,174 ounces of gold was in line with plan. Main contributors of ore feed during the quarter were Stage 5 and Sekekoto West, while early in the quarter, Korali Sud provided ore feed before being phased out. The Company has advanced the development and preparation of new moderate- to high-grade zones including Sekekoto North and Stage 5, which are expected to contribute to fourth quarter production and carry into next year. Contributions of higher-grade oxide ore next year are also expected from Sekekoto North, along with FE4 and FE2.5 at which exploration efforts led to their discoveries and development has advanced the zones towards production. Cote d’Ivoire Complex: Production from the CDI Complex was 44,846 ounces of gold during the quarter. This continues quarter-over-quarter production improvements throughout the year, while operations advance stripping and mine development to secure access to higher-grade ore for the fourth quarter and 2026. Additionally, operational improvements continue to be implemented at both sites to increase production and reduce costs. Production at Agbaou increased substantially with production of 22,893 ounces of gold which exceeded second quarter production by 43% and is expected to continue into the fourth quarter and next year. Costs Trending Down: All-in Sustaining Costs for the quarter materially improved from the previous quarter, with AISC expected to be approximately $2,100, or 10% lower compared to the AISC realized in the second quarter, despite higher royalties due to higher realized gold prices. Royalties in the third quarter represented approximately $50 per ounce in AISC, with a realized gold price of approximately $3,450 per ounce in the third quarter, up from $3,098 per ounce realized in the second quarter as shown below. The material planned increase in production in the fourth quarter, along with operational improvements and mine sequencing, is expected to drive further meaningful cost improvements.