Supporting evidence

• LedgerAbsence of revenue actuals and YoY comparison data materially limits quarter assessment confidence
• LedgerStrong quarter based on: Guidance unchanged signals operational stability but limits positive re-rating potential · Greenstone Gold Mine ramp-up to 27,000 tpd nameplate capacity is a critical near-ter…
• LedgerRevenue +169% YoY (Q2 FY2026)

• EventGuidance Unchanged
• EventNeutral Management Tone
• EventDebt Reduction Initiative Active
• EventSignificantly increases production capacity, cash flow, and organic growth profile, positioning the combined entity as a major gold producer in North America.
• EventProvides capital for operations and growth, strengthening the company's financial liquidity.
• EventProvides significant capital, likely tied to future gold production, enhancing financial flexibility.
• InitiativeThe business combination with Orla Mining was completed on July 31, 2026, marking a key step towards this goal. The combined company is anticipated to produce 1.1 million ounces of…
• InitiativeGreenstone is experiencing continued ramp-up, and Musselwhite has been added to the portfolio. Canadian operations delivered sequentially higher production in Q2 2026, with 97,273…
• InitiativeExpected to begin during H2 2026.
• InitiativeGreenstone's Q1 2026 mill throughput averaged 24,544 tpd. Greenstone's mill exceeded nameplate capacity (27,000 tpd) on 51% of days in Q1 2026, up from 36% in Q4 2025.
• EventGreenstone Gold Mine fails to achieve sustained 27,000 tpd nameplate capacity on schedule, pressuring production guidance
• EventOrla Mining Arrangement Agreement integration complexity or execution delays could weigh on operational and financial outlook