Allied Gold Reports Preliminary Q4 2025 Operating Results, 2026 Guidance; Co. Produced 117,004 Ounces Of Gold In Q4; Co. Expects To Produce Between 385,000 And 425,000 Ounces Of Gold In 2026

Highlights

• Fourth Quarter Gold Production: The Company produced 117,004 ounces of gold in the fourth quarter, bringing total production for 2025 to 379,081 ounces, exceeding the Company's annual production guidance of above 375,000 ounces. Gold production for the fourth quarter was the highest of the year and was driven mainly by higher grades and increased ore output across all operations.
• 2026 Guidance: The Company expects to produce between 385,000 and 425,000 ounces of gold in 2026 from its currently producing mines, and between 100,000 and 150,000 ounces of gold from the Kurmuk Project, which is expected to begin production in mid-2026. The range is driven by different ramp-up scenarios. The lower end represents a conservative case that assumes stable grid power is achieved in late Q3 (as opposed to mid-Q2), reflecting exogenous factors outside the Company's control. The power utility remains committed to providing sufficient, stable power by mid-Q2; accordingly, the Company's objective is to deliver production closer to the midpoint or higher end of the range. Total production guidance, including contributions from Kurmuk, is expected to be 485,000 to 575,000 ounces of gold. This is consistent with the historical production profile of the Company's existing operations of 375,000 to 400,000 ounces, with incremental increases driven by access to higher grades and ongoing operational improvements and expansions. Consolidated mine-site level AISC for 2026 is expected to be between $1,750 and $1,900 per ounce of gold sold, based on a gold price assumption of $4,250 per ounce.
• 2027 Production Outlook: Allied's operating outlook for 2027 shows a production range between 640,000 and 680,000 ounces of gold, reflecting a full year of production from Kurmuk and stable performance from the rest of the asset portfolio.
• Mineral Reserves and Mineral Resources: As of December 31, 2025, Proven and Probable Mineral Reserves totalled 11.2 million ounces of gold, contained within 247.1 million tonnes at an average grade of 1.41 g/t. This represents a net year-over-year increase, reflecting the addition of new Mineral Reserves and the replacement of depletion from 2025 production.