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Iamgold Corp (IAG) · 52 slides · Filed Oct 22, 2026
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Slide 1 — June 2026
CÔTÉ GOLD MINE INVESTOR TOUR June 2026 1
Slide 2 — the
2 CAUTIONARY STATEMENT Al information included or incorporated by reference in this presentation, including any information as to the >ȒȅȵƏȇɵټɀ vision, strategy, future financial or operating performance and other statements that expres ȅƏȇƏǕƺȅƺȇɎټɀ expectations or estimates of future performance or impact, including statements in respect of the prospects and/or development of the >ȒȅȵƏȇɵټɀ projects, other than statements of historical fact, constitutes forward - loking information or forward - loking statements within the meaning of aplicable securities laws (colectively refered to herein as ٹǔȒȸɯƏȸƳ - loking ɀɎƏɎƺȅƺȇɎɀٺ٣ and such forward - loking statements are based on expectations, estimates and projections as of the date of this presentation . Forward - loking statements are generaly identifiable by the use of words such as ٹȅƏɵٺً ٹɯǣǼǼٺً ٹɀǝȒɖǼƳٺً ٹɯȒɖǼƳٺً ٹƬȒɖǼƳٺً ٹƬȒȇɎǣȇɖƺٺً ٹƺɴȵƺƬɎٺً ٹƫɖƳǕƺɎٺً ٹƏǣȅٺً ٹƬƏȇٺً ٹǔȒƬɖɀٺً ٹǔȒȸƺƬƏɀɎٺً ٹƏȇɎǣƬǣȵƏɎƺٺً ٹƺɀɎǣȅƏɎƺٺً ٹȅƏǣȇɎƏǣȇٺً ٹƫƺǼǣƺɮƺٺً ٹǣȇɎƺȇƳٺً ٹȵǼƏȇٺً ٹɀƬǝƺƳɖǼƺٺً ٹǕɖǣƳƏȇƬƺٺ ٹȒɖɎǼȒȒǸٺً ٹȵȒɎƺȇɎǣƏǼٺً ٹɀƺƺǸٺً ٹɎƏȸǕƺɎɀٺً ٹƬȒɮƺȸٺً ٹɀɎȸƏɎƺǕɵٺً ٹƳɖȸǣȇǕٺً ٹȒȇǕȒǣȇǕٺً ٹɀɖƫǴƺƬɎ ɎȒٺً ٹǔɖɎɖȸƺٺً ٹȒƫǴƺƬɎǣɮƺɀٺً ٹȒȵȵȒȸɎɖȇǣɎǣƺɀٺً ٹƬȒȅȅǣɎɎƺƳٺً ٹȵȸȒɀȵƺƬɎǣɮƺٺً ٹǼǣǸƺǼɵٺً ٹȵȸȒǕȸƺɀɀٺً ٹɀɎȸǣɮƺٺً ٹɀɖɀɎƏǣȇٺً ٹƺǔǔȒȸɎٺً ٹƺɴɎƺȇƳٺً ٹȸƺȅƏǣȇٺً ٹȵɖȸɀɖƺٺً ٹȵȸƺƳǣƬɎٺً or ٹȵȸȒǴƺƬɎٺ or the negative of these words or other variations on these words or comparable terminology . For example, forward - loking statements in this presentation include, without limitation, those under the headings ٹ£ɮƺȸɮǣƺɯٺً ٹ£ȵƺȸƏɎǣȇǕ oǣǕǝǼǣǕǝɎɀٺً ٹ∆ȸȒƳɖƬɎǣȒȇٺً ٹfǣȇƏȇƬǣƏǼ oǣǕǝǼǣǕǝɎɀٺً ٹ£ȵƺȸƏɎǣȒȇɀٺً ٹ>ȕɎƻ Gold MɴȵƏȇɀǣȒȇٺً ٹˇƺɀɎɯȒȒƳ Complex ٫ >ȒɀɎɀٺً ٹòƺǼǼǣǕƏȇ Mining >ȒȅȵǼƺɴٺً ٹgȒǼƳ Mineral …ƺɀƺȸɮƺɀٺ and ٹgȒǼƳ Mineral …ƺɀȒɖȸƬƺɀٺ and include, but are not limited to, statements with respect to : the estimation of mineral reserves and mineral resources and the realization of such estimates ; operational and financial performance including the >ȒȅȵƏȇɵټɀ guidance for and actual results of production, environmental, social and governance performance, costs and capital and other expenditures such as exploration and including depreciation expense and efective tax rate ; expected benefits from the operational improvements and de - risking strategies implemented or to be implemented by the Company ; mine development activities ; the >ȒȅȵƏȇɵټɀ capital alocation and liquidity ; the composition of the >ȒȅȵƏȇɵټɀ portfolio of asets including its operating mines, development and exploration projects ; permiting timelines and the expected receipt of permits ; inflation, including global inflation and inflationary presures ; global suply chain constraints ; environmental verification, biodiversity and social development projects ; plans, targets, proposals and strategies with respect to sustainability, including third party data on which the Company relies, and their implementation ; comitments with respect to sustainability and the impact thereof ; the development of the >ȒȅȵƏȇɵټɀ Water Management Standard ; comitments with respect to biodiversity ; comitments related to social performance, including comitments in furtherance of Indigenous relations ; the ability to secure alternative sources of consumables of comparable quality and on reasonable terms ; workforce and contractor availability, labour costs and other labour impacts ; the impacts of weather ; the future price of gold and other comodities ; foreign exchange rates and curency fluctuations ; financial instruments ; hedging strategies ; impairment asesments and asets carying values estimates ; safety and security concerns in the jurisdictions in which the Company operates and the impact thereof on the >ȒȅȵƏȇɵټɀ operational and financial performance and financial condition ; government regulation of mining operations (including the Competition Act (Canada) and the regulations asociated with the fight against climate change), and statements regarding u!ñg£åEټɀ intention to comence an NCIB program and the timing . The Company cautions the reader that forward - loking statements are necesarily based upon a number of estimates and asumptions that, while considered reasonable by management, are inherently subject to significant busines, financial, operational and other risks, uncertainties, contingencies and other factors, including those described below, which could cause actual results, performance or achievements of the Company to be materialy diferent from results, performance or achievements expresed or implied by such forward - loking statements and, as such, undue reliance must not be placed on them . Forward - loking statements are also based on numerous material factors and asumptions, including as described in this presentation, including with respect to : the >ȒȅȵƏȇɵټɀ present and future busines strategies ; operations performance within expected ranges ; anticipated future production and cash flows ; local and global economic conditions and the environment in which the Company wil operate in the future ; the price of precious metals, other minerals and key comodities ; projected mineral grades ; international exchanges rates ; anticipated capital and operating costs ; the availability and timing of required governmental and other aprovals for the construction of the >ȒȅȵƏȇɵټɀ projects . Risks, uncertainties, contingencies and other factors that could cause actual results, performance or achievements of the Company to be materialy diferent from results, performance or achievements expresed or implied by such forward - loking statements include, without limitation : the >ȒȅȵƏȇɵټɀ busines strategies and its ability to execute thereon ; the development and execution of implementing strategies to met the >ȒȅȵƏȇɵټɀ sustainability vision and targets ; security risks, including civil unrest, war or terorism and disruptions to the >ȒȅȵƏȇɵټɀ suply chain and transit routes as a result of such security risks, particularly in Burkina Faso and the Sahel region surounding the >ȒȅȵƏȇɵټɀ Esakane mine ; the availability of labour and qualified contractors ; the availability of key inputs for the >ȒȅȵƏȇɵټɀ operations and disruptions in global suply chains ; the volatility of the >ȒȅȵƏȇɵټɀ securities ; litigation ; contests over title to properties, particularly title to undeveloped properties ; mine closure and rehabilitation risks ; the lack of availability of insurance covering al of the risks asociated with a mining ƬȒȅȵƏȇɵټɀ operations ; unexpected geological conditions ; competition and consolidation in the mining sector ; the profitability of the Company being highly dependent on the condition and results of the mining industry as a whole, and the gold mining industry in particular ; changes in the global prices for gold, and comodities used in the operation of the >ȒȅȵƏȇɵټɀ busines (including, but not limited to diesel, fuel oil and electricity) ; legal, litigation, legislative, political or economic risks and new developments in the jurisdictions in which the Company caries on busines, including the imposition of tarifs by the United States on Canadian products ; changes in taxes, including mining tax regimes ; the failure to obtain in a timely maner from authorities key permits, authorizations or aprovals necesary for transactions, exploration, development or operation, operating or technical dificulties in conection with mining or development activities, including geotechnical dificulties and major equipment failure ; the availability of capital ; the level of liquidity and capital resources ; aces to capital markets and financing ; the >ȒȅȵƏȇɵټɀ level of indebtednes ; the >ȒȅȵƏȇɵټɀ ability to satisfy covenants under its credit facilities ; changes in interest rates ; adverse changes in the >ȒȅȵƏȇɵټɀ credit rating ; the >ȒȅȵƏȇɵټɀ choices in capital alocation ; efectivenes of the >ȒȅȵƏȇɵټɀ ongoing cost containment eforts ; the >ȒȅȵƏȇɵټɀ ability to execute on de - risking activities and measures to improve operations ; availability of specific asets to met contractual obligations ; risks related to third - party contractors, including reduced control over aspects of the >ȒȅȵƏȇɵټɀ operations and/or the failure and/or the efectivenes of contractors to perform ; risks arising from holding derivative instruments ; changes in U . S . dolar and other curency exchange rates or gold lease rates ; capital and curency controls in foreign jurisdictions ; asesment of carying values for the >ȒȅȵƏȇɵټɀ asets, including the ongoing potential for material impairment and/or write - downs of such asets ; the speculative nature of exploration and development, including the risks of diminishing quantities or grades of reserves ; the fact that reserves and resources, expected metalurgical recoveries, capital and operating costs are estimates which may require revision ; the presence of unfavourable content in ore deposits, including clay and coarse gold ; inacuracies in life of mine plans ; failure to met operational targets ; equipment malfunctions ; information systems security threats and cybersecurity ; laws and regulations governing the protection of the environment (including grenhouse gas emision reduction and other decarbonization requirements) ; the uncertainty surounding the interpretation of omnibus Bil C - 59 and the related amendments to the Competition Act (Canada) ; employe relations and labour disputes ; the maintenance of tailings storage facilities and the potential for a major spil or failure of the tailings facilities due to uncontrolable events, lack of reliable infrastructure, including aces to roads, bridges, power sources and water suplies ; physical and regulatory risks related to climate change ; unpredictable weather paterns and chalenging weather conditions at mine sites ; disruptions from weather related events resulting in limited or no productivity such as forest fires, severe storms, floding, drought, heavy snowfal, por air quality, and extreme heat or cold ; atraction and retention of key employes and other qualified personel ; availability and increasing costs asociated with mining inputs and labour, negotiations with respect to new, reasonable colective labour agrements and/or colective bargaining agrements may not be agred to ; the ability of contractors to timely complete projects on aceptable terms ; the relationship with the comunities surounding the >ȒȅȵƏȇɵټɀ operations and projects ; indigenous rights or claims ; ilegal mining ; the potential direct or indirect operational impacts resulting from external factors, including infectious diseases, pandemics, or other public health emergencies ; the completion of the Northern Superior and Orbec transactions, including receipt of the required aprovals for the Proposed Arangements and the inherent risks involved in the exploration, development and mining busines generaly . Please se the >ȒȅȵƏȇɵټɀ Anual Information Form available on SEDAR+ at w . sedarplus . ca or Form 40 - F available on EDGAR at w . sec . gov/edgar for a comprehensive discusion of the risks faced by the Company and which may cause actual results, performance or achievements of the Company to be materialy diferent from results, performance or achievements expresed or implied by forward - loking statements . Although the Company has atempted to identify important factors that could cause actual results to difer materialy from those contained in forward - loking statements, there may be other factors that cause results not to be as anticipated, estimated or intended . The Company disclaims any intention or obligation to update or revise any forward - loking statements whether as a result of new information, future events or otherwise except as required by aplicable law .
Slide 3 — the
3 CAUTIONARY STATEMENT CAUTIONARY NOTE TO U . S . INVESTORS REGARDING DISCLOSURE OF MINERAL RESERVE AND MINERAL RESOURCE ESTIMATES The mineral resource and reserve estimates contained in this presentation have ben prepared in acordance with National Instrument 43 - 101 ٫ Standards of Disclosure for Mineral Projects ٢ٹòu 43 - 101 ٺ٣ and the Canadian Institute of Mining, Metalurgy and Petroleum ٢ٹ>uñٺ٣ ٫ CIM Definition Standards on Mineral Resources and Mineral Reserves, adopted by the CIM Council, as amended (the ٹ>uñ —ɎƏȇƳƏȸƳɀٺ٣ . These standards are similar to those found in subpart 130 of Regulation S - K, used by the United States Securities and Exchange Comision (the ٹ—M>ٺ٣ . However, the definitions in NI 43 - 101 and the CIM Standards difer in certain respects from those under subpart 130 of Regulation S - K . Acordingly, mineral resource and reserve information contained in this presentation may not be comparable to similar information disclosed by United States companies . As a result of the adoption of subpart 130 of Regulation S - K (the ٹ—M> Modernization …ɖǼƺɀٺ٣ً which more closely align its disclosure requirements and policies for mining properties with curent industry and global regulatory practices and standards, including NI 43 - 101 and the CIM Standards, and which became efective on February 25 , 2019 , the SEC now recognizes estimates of "measured mineral resources", "indicated mineral resources" and "infered mineral resources . " In adition, the SEC has amended definitions of "proven mineral reserves" and "probable mineral reserves" in its amended rules, with definitions that are substantialy similar to those used in NI 43 - 101 and the CIM Standards . Isuers were required to comply with the SEC Modernization Rules starting with their first fiscal year begining on or after January 1 , 202 , however Canadian isuers reporting in the United States under the Multijurisdictional Disclosure System ("MJDS") may continue to rely on NI 43 - 101 instead of the SEC Modernization Rules when filing MJDS registration statements and anual reports . United States investors are cautioned that while the SEC now recognizes "measured mineral resources", "indicated mineral resources" and "infered mineral resources" under the SEC Modernization Rules, investors should not asume that any part or al of the mineral deposits in these categories wil ever be converted into a higher category of mineral resources or into mineral reserves . These terms have a great amount of uncertainty as to their economic and legal feasibility . Under Canadian regulations, estimates of infered mineral resources may not form the basis of feasibility or pre - feasibility studies, except in limited circumstances . Investors are cautioned not to asume that any "measured mineral resources", "indicated mineral resources", or "infered mineral resources" that the Company reports in this presentation are or wil be economicaly or legaly mineable . Further, "infered mineral resources" have a great amount of uncertainty as to their existence and as to their economic and legal feasibility . It canot be asumed that any part or al of an infered mineral resource wil ever be upgraded to a higher category . The mineral reserve and mineral resource data set out in this presentation are estimates, and no asurance can be given that the anticipated tonages and grades wil be achieved or that the indicated level of recovery wil be realized . QUALIFIED PERSON AND TECHNICAL INFORMATION The technical and scientific information relating to exploration activities disclosed in this document was prepared under the supervision of and verified and reviewed by Marie - France Bugnon, P . Geo . , Vice President, Exploration, IAMGOLD . Ms . Bugnon is a ٹȷɖƏǼǣǔǣƺƳ ȵƺȸɀȒȇٺ (a ٹ»∆ٺ٣ as defined by NI 43 - 101 . Data verification involves data input and review by senior project geologists at site, scheduled wekly and monthly reporting to senior exploration management and the completion of project site visits by senior exploration management to review the status of ongoing project activities and data underlying reported results . Al driling results for exploration projects or suporting resource and reserve estimates referenced in this presentation have ben previously reported in news release disclosures either by the Company and have ben prepared in acordance with NI 43 - 101 . The sampling and asay data from driling programs are monitored through the implementation of a quality asurance - quality control (QA - QC) program designed to folow industry best practice . Dril core (HQ and NQ size) samples are selected by the project geologists and sawn in half with a diamond saw at the project site . Half of the core is typicaly retained at the site for reference purposes . Generaly, sample intervals are 1 . 0 to 1 . 5 metres in length and reverse circulation holes are sampled at 1 . 0 metre intervals at the dril rig . Samples are prepared and analyzed at site for the Company's producing mines and at acredited regional laboratories for the Company's exploration projects, using analysis techniques such as standard fire asay with a 50 gram charge ; fire asay with gravimetric finish, or LeachWEL rapid cyanide leach with fire asay with a 50 gram charge . The technical information has ben included herein with the consent and prior review of the above noted QP, who has verified the data disclosed, and data underlying the information or opinions contained herein . NON - GAP FINANCIAL MEASURES This presentation contains non - GAP financial measures, including average realized gold price per ounce sold, cash costs, cash costs per ounce sold, AISC, AISC per ounce sold, net cash from operating activities before changes in working capital, mine - site fre cash flow, liquidity, net cash (debt), EBITDA, adjusted EBITDA, adjusted net earnings (los) atributable to equity holders and adjusted net earnings (los) per share atributable to equity holders, sustaining capital expenditures, expansion capital expenditures, and project expenditures . The non - GAP financial measures disclosures included in the >ȒȅȵƏȇɵټɀ Q 3 2025 MD&A are incorporated by reference in this presentation . Further details on these non - GAP financial measures are included on pages 3 to 4 of the >ȒȅȵƏȇɵټɀ Q 3 2025 MD&A filed on SEDAR at w . sedarplus . ca and on EDGAR at w . sec . gov/edgar .
Slide 4 — Renaud Adams
4 IAMGOLD & CÔTÉ GOLD TEAM Renaud Adams President & CEO (With IMG since 2023) •30+ years of experience in global mining experience in senior executive positions and mining operations located in the Americas •New Gold, Richmont, Primero Mining Bruno Lemelin CO (With IMG since 2014) •Mining Enginer with a Master's and a Doctorate in Mineral Economics and extensive experience in operations, project development and enginering •Glencore, SNC Lavalin Colin Pegues Vice President & General Manager (With IMG since 2025) •20+ years of experience in progresive in operations, projects and management positions both domestic and internationaly •Vale Base Metals Lyn Girard Operations Manager (With IMG since 2025) •Proces Enginer with 17+ years of experience leading safe operations, aset management, operational ramp - up, and performance optimization •Goldcorp, Newmont, Sayona (now Elevra ) Eric Goselin Mine Manager (With IMG since 202) •15+ years of experience in open - pit mining, including leadership in a large - scale mine startup •Kirkland Lake, Detour Gold Roxana Johnston Finance Manager (With IMG since Feb 2026) •CGA/CPA/MBA with 20+ in mining finance in both gold and base metals •Glencore, Lakeshore Gold, McEwen Marten Theunisen CFO (With IMG since 2021) •Chartered Acountant with 18+ years of experience in the mining industry, including serving as Vice President, Finance of IAMGOLD •TMAC Resources, Uranium One, KPMG Ankit Shah CSO (With IMG since 2026) •Chartered Acountant with 15+ years of experience in the mining industry in strategy and corporate development •New Gold, Ernst & Young, KPMG Bernard Haley Mine Technical Services Manager (With IMG since 2021) •Mining Enginering Profesional with 20+ years of experience in operations, projects, and technical services in both underground and open pit mines. •Goldcorp, Newmont, Kirkland Lake Gold Jenifer Bagley HR Manager (With IMG since 2025) •Mining industry HR profesional with 20+ years experience in org. design, employe and labour relation strategies and ops readines. •Glencore, Vale Genevieve Sulatycky Sustainability Manager (With IMG since 202) •Mining industry sustainability profesional with experience in environmental management, comunity engagement and site integration. •Agrium, Ministry of Mines Ontario
Slide 5 — CÔTÉ GOLD
5 OPERATIONS OVERVIEW Operating Advanced Exploration CÔTÉ GOLD 1 Ontario, Canada (70% IMG | 30% SM 1 ) Start - up 2024 Mine type Open pit Estimated mine life ~2041+ 2026 Guidance (70%) (10%) 270,0 ٫310,0 oz 390,0 ʹ40,0 oz $90 ʹ$1,050/oz C exR 2 $1,75 ʹ$1,925/oz AISC 2 Upcoming catalysts: Q4/26: Expansion of Côté ESAKANE Burkina Faso, West Africa (85% IMG) Start - up 2010 Mine type Open pit Estimated mine life ~2028+ 2026 Guidance , 85% 340,0 ٫380,0 oz $1,150 ʹ$1,30/oz C exR 2 $2,0 ʹ$2,150/oz AISC 2 Upcoming catalysts: H1/27: LOM extension 1. Côté Gold is owned as a 70 / 30 JV betwen IMG and Sumitomo Metal Mining Co . Ltd . and caries a 7 . 5 % NPI royalty . 2. C exR = cash costs (excluding royalties) : royalty costs at Côté Gold and Esakane estimated at $ 30 /oz and $ 450 /oz, respectively, at $ 4 , 0 /oz Au ; C = cash costs ; AISC = Al - in sustaining costs ; These are non - GAP financial measure . Refer to ٹòȒȇ - GAP Financial ñƺƏɀɖȸƺɀٺ on slide # 3 3. M&I resources inclusive of mineral reserves . 4. Net Aset Value is estimated using the average of consensus estimates 5. On Dec 19 , 2025 and Dec 2 , 2025 , IAMGOLD closed the previously anounced agrements to acquire Northern Superior Resources and Mines Ƴټ£ȸ Orbec NELIGAN MINING COMPLEX 5 Quebec, Canada (10% IMG) Status Pre - production Deposit type Open pit/Sat. UG Indicated Mineral Resources 3,5 4.3 Moz Infered Mineral Resources 3,5 7.5 Moz Upcoming catalysts: H1/27: Initial PEA WESTWOD Quebec, Canada (10% IMG) Start - up 2014 Mine type Underground/Sat. OP Estimated mine life ~2032+ 2026 Guidance , 10% 10,0 ٫130,0 oz $1,50 ʹ$1,650/oz C 2 $1,950 ʹ$2,10/oz AISC 2 Upcoming catalysts: H2/27: UG Expansion Mineral Resources 3 by Geography Canada 87% Net Aset Value 4 by Geography Canada 82%
Slide 6 — CÔTÉ GOLD MINE
CÔTÉ GOLD MINE 6
Slide 7 — hŶĞ ŽĨ /ĂŶĂĚĂ͛
7 CÔTÉ GOLD HIGHLIGHTS hŶĞ ŽĨ /ĂŶĂĚĂ͛ Ɛ ůĂƌŐĞƐƚ ŐŽůĚ ŵŝŶĞƐ A flagship long - life operation in a top - tier mining jurisdiction 7 20M+ Ounces Resource Base Curent Mineral Resources of 20.3 Moz M&I and 3.5 Moz Inf. with expansion potential >$580M Atributable Fre Cash Flow in 2026 Operations expected to improve quarter over quarter with declining costs Côté Expansion of Scale & Scope Updated study in Q4/26 to increase throughput and significantly expand mine life with consolidated Côté - Goselin pit Exploration Upside Significant exploration potential within greater Côté region
Slide 8 — 8
8 C Ô T É GOLD Groundbreaking ceremony, 2020 Proces plant construction, 2021 First gold pour, 2024 Ribon cuting, 2024 Ow n e r s h i p : 7 0 : 3 0 IAMGOLD & SM L o c at i o n : O n t a r i o ٫ 125 k m S W o f T i m m i n s, 175 k m N o f S u db u ry A c q u i s i t i o n : •Ac q u i red i n A p ri l 2 0 1 2 f or $ 5 0 5 M f ro m Trela w n e y Mi n i ng • Mineral Resources: 0.9 Moz Indicated and 5.9 Moz Infered • Su m ito m o a c q u ir e d 3 0 % u n d i vi d e d pa r t ic i pa t i n g i n t er e s t f or $ 1 9 5 M i n Ju n e 2017 • 8.4 Moz Indicated and 1.2 Moz Infered, post - PEA P o w e r : G ri d p o w er sup p l i e d by Hydr o On e ( u p t o 7 2 M W c a pa c ity) C o n st r u ct i o n : Septe m b e r 2 0 2 0 ‰ A p ri l 2 0 24 S t at u s: In pr o d u c t i o n ( f irs t p o ur M a rch 3 1 , 2 0 2 4) •A chieved nameplate capacity in June 2025 •Expansion study in Q4 2026
Slide 9 — 9
9 715 590 485 40 438 390 340 30 280 240 230 215 Detour Lake Malartic Meadowbank Côté Gold Blackwater Grenstone La Ronde Meliadine Porcupine Rainy River Brucejack Eleonore 36 13 3 18 12 6 5 8 4 1 6 3 C Ô T É GOLD: LARGE - SCALE AND LONG - LIFE MINE TOP 12 GOLD MINES IN CANADA BY PRODUCTION 1 ( koz ) Mines acquired in last 15 years 3 4 4 M&I Mineral Resources 2 (inclusive of reserves) 1. Based on 2026E production guidance. | 2. Mineral Resources as per per company disclosure or technical reports where available | 3. Production at 10% on top end of guidance for 2026 prior to upcoming expansion study | 4. Production based company stated LOM estimates
Slide 10 — Q1 OVERVIEW
10 Q1 2026 OPERATING RESULTS Q1 OVERVIEW • Production (70%): 52,30 oz | (10%): 74,70 oz MINING • Total tones mined of 9.3 M tones and total ore tones of 3.6 M tones • Strip ratio of 1.6:1 • Avg grade mined of 0.9 g/t in line with mine plan • Rehandling of material continued to fed 3 rd party mobile crusher in suport of primary - secondary crushing circuit MILING • Mil throughput of 2.3 M tones • Throughput limited in Q1 by unplaned downtime from wear and splits on primary conveyor as load increased folowing instalation of 2 nd cone crusher • Efective repairs as throughput averaged 32,0 tpd in April • New conveyor belt to be instaled in May during regular maintenance shutdown • Contracted 3 rd party mobile crusher to be phased out over H1 2026 • Head grades of 1.07 g/t • Recoveries of 93% with god reconciliation betwen reserve model and mil fed 1. This is a non - g!!∆ ǔǣȇƏȇƬǣƏǼ ȅƺƏɀɖȸƺِ …ƺǔƺȸ ɎȒ ٹòȒȇ - g!!∆ fǣȇƏȇƬǣƏǼ ñƺƏɀɖȸƺɀٺ Ȓȇ ɀǼǣƳƺ ُ בِ 2. Cash cost and AISC guidance asumed a gold price of $4,0/oz 10 (10% basis, unles otherwise stated) Q1 2026 Q1 2025 2025 2026 Guidance Ore mined kt 3,53 3,15 14,640 Grade mined g/t 0.9 0.78 0.94 Material mined ٫ total kt 9,326 10,75 45,108 ~52,0 Ore miled kt 2,341 2,097 10,89 12,0 ٫ 13,0 Head grade g/t 1.07 1.17 1.2 1.0 ٫ 1.10 Recovery % 93% 93% 93% Production ʹ 10% koz 74.7 73.0 39.8 390 ٫ 40 Production ʹ atr . koz 52.3 51.1 279.9 270 ٫ 310 Cash costs (excl. royalties) 1 $/oz $1,369 $1,074 $1,020 $90 ٫ 1,050 Cash costs 1, 2 $/oz $1,704 $1,260 $1,268 $1,20 ٫ 1,350 Al - in sustaining costs 1, 2 $/oz $2,109 $1,643 $1,636 $1,75 ٫ 1,925 Sustaining capital 1 ٫ atr . $M $18.8 $18.2 $103.8 $160 ( ± 5%) Expansion capital 1 ٫ atr . $M $9.1 $3.1 $23.7 $85 ( ± 5%)
Slide 11 — deployed in 2025 to complete ramp up and
1 Q1 2026 COST & OUTLOK COSTS • Cash costs 1 (excluding royalties) of $1,369/oz, cash costs 1 of $1,704/oz & AISC 1 of $2,109/oz in Q1 • Mining and procesing cost improvement plan: • Contracted mobile crusher to phased out through H1. Crusher was deployed in 2025 to complete ramp up and achieve nameplate ahead of schedule • Increased throughput volumes • Improved maintenance cycles ٫ 2 nd cone crusher already extending life of HPGR • Expanded operating area in pit to improve eficiencies • Oil sensitivity: $10/ bl  = $7/oz  in costs 1. This is a non - g!!∆ ǔǣȇƏȇƬǣƏǼ ȅƺƏɀɖȸƺِ …ƺǔƺȸ ɎȒ ٹòȒȇ - g!!∆ fǣȇƏȇƬǣƏǼ ñƺƏɀɖȸƺɀٺ Ȓȇ ɀǼǣƳƺ ُ ב 2. Operating Unit Costs: Mining cost = per tone of material mined; Procesing and G&A cost = per tone of ore procesed OPERATING UNIT COSTS 2 TONES 0 5 10 15 20 25 Q2/24 Q3/24 Q4/24 Q1/25 Q2/25 Q3/25 Q4/25 Q1/26 $/t OP Mining cost (/t mined) Procesing cost (/t miled) G&A cost (/t miled) 0.0 1.0 2.0 3.0 4.0 6 8 10 12 14 Q2/24 Q3/24 Q4/24 Q1/25 Q2/25 Q3/25 Q4/25 Q1/26 T/P (Mt) Mining (Mt) Total Mined Throughput OUTLOK Atr . 2025 2026 Guidance Production oz (10%) (70%) 39,80 279,90 390,0 ٫ 40,0 270,0 ٫ 310,0 Cash costs (excl. royalties) 1 $/oz $1,020 $90 ٫ $1,050 Cash costs 1 $/oz $1,268 $1,20 ٫ $1,350 AISC 1 $/oz $1,636 $1,75 ٫ $1,925 Sustaining capital 1 $M (70%) $103.8 $160 ( ± 5%) Expansion capital 1 $M (70%) $23.7 $85 ( ± 5%)
Slide 12 — fluñMښ M˛Mòflښ
12 SITE TOUR AGENDA fluñMښ M˛Mòflښ 05:45 Bus departure ٫ boxed breakfast on the bus זيښ Arival at Côté, PE pick - up, safety induction at PC Tour * 08:30 ٫ ښيב Open Pit IOC Control Rom Truck Shop Procesing Plant TMF يבښ Remove PE at Main Camp 12:30 Lunch at Main Camp 13:0 Depart for Timins * We wil be dividing into two groups for mine and mil tours
Slide 13 — Secondary
Procesing Plant Ofice Complex Open Pit Truck Shop Primary & Secondary Crusher Geoplex Litle Clam Lake Côté Lake Clam Lake Oshki Lake Overburden Stockpile NORTH Ore Stockpiles
Slide 14 — Primary &
Procesing Plant Ofice Complex Open Pit Truck Shop Primary & Secondary Crusher Asay Lab Clam Lake Bagsverd Lake Tailings Management Facility Litle Clam Lake NORTH
Slide 15 — 15
15 0.0 1.0 2.0 3.0 0 4 8 12 Q1/24 Q2/24 Q3/24 Q4/24 Q1/25 Q2/25 Q3/25 Q4/25 Q1/26 Strip ratio M tones Ore mined Waste mined Strip ratio 0.0 0.25 0.50 0.75 1.0 1.25 1.50 0.0 0.5 1.0 1.5 2.0 2.5 3.0 Q1/24 Q2/24 Q3/24 Q4/24 Q1/25 Q2/25 Q3/25 Q4/25 Q1/26 g/t M tones Throughput Head grade 0.0 40.0 80.0 120.0 Q1/24 Q2/24 Q3/24 Q4/24 Q1/25 Q2/25 Q3/25 Q4/25 Q1/26 $ milion Sustaining Expansion 1. This is a non - g!!∆ ǔǣȇƏȇƬǣƏǼ ȅƺƏɀɖȸƺِ …ƺǔƺȸ ɎȒ ٹòȒȇ - g!!∆ fǣȇƏȇƬǣƏǼ ñƺƏɀɖȸƺɀٺ Ȓȇ ɀǼǣƳƺ ُ בِ 15 PRODUCTION (10%) & COSTS 1 THROUGHPUT & GRADE MINING & STRIP RATIO LIFE OF MINE TO DATE OPERATING RESULTS CAPITAL EXPENDITURES 0 40 80 120 160 20 240 0 10 20 30 40 50 60 70 80 90 10 10 120 130 Q1/24 Q2/24 Q3/24 Q4/24 Q1/25 Q2/25 Q3/25 Q4/25 Q1/26 $/oz '0 ounces Production, atr. Cash costs AISC
Slide 16 — 16
16 COST CATEGORIES 0 1 2 3 4 5 6 Q1/24 Q2/24 Q3/24 Q4/24 Q1/25 Q2/25 Q3/25 Q4/25 Q1/26 $/t OP Mining cost 2 (/t mined) OP Mining cost (/t mined) 0 5 10 15 20 25 Q1/24 Q2/24 Q3/24 Q4/24 Q1/25 Q2/25 Q3/25 Q4/25 Q1/26 $/t Procesing cost 2 (/t miled) Procesing cost (/t miled) 0 5 10 15 20 25 Q1/24 Q2/24 Q3/24 Q4/24 Q1/25 Q2/25 Q3/25 Q4/25 Q1/26 $/t G&A cost 2 (/t miled) G&A cost (/t miled) Maintenance and Suplies 25% Contractors 23% Labour Costs 17% Energy Costs 13% Consumable Costs 13% G&A, Rentals 4% Other 5% Mining 1 Contractor - Crushing 17% Contractor - Maintenance 15% Contractor - Other 10% Consumable Costs 19% Maintenance and Suplies 17% Labour Costs 1% Energy Costs 7% Other 4% Miling 1 Contractors 49% Labour Costs 27% G&A Costs 6% Consulting Fes 5% Maintenance and Suplies 6% Insurance 4% Energy Costs 3% G&A 1 1. Cost breakdown based on last 12 months of operations 2. Operating Unit Costs: Mining cost = per tone of material mined; Procesing and G&A cost = per tone of ore procesed
Slide 17 — • Updated Mineral Resource estimate
17 CONSOLIDATED RESOURCE • Updated Mineral Resource estimate reflects integration of the Côté and Goselin zones into a consolidated block model • Incorporated interconecting sadle area betwen Côté and Goselin • Gold price of $2,50 per ounce (up from $2,10/oz for Côté and $2,50/oz for Goselin) • Consolidated cut - of grade of 0.25 g/t Au (down from 0.30 g/t Au previously) aplied acros the consolidated zones. • Wil inform the expansion technical report and mine plan to be released in Q4 2026 1. M&I resources are inclusive of P&P Mineral Reserves, refer to Mineral Reserves and Resources Statement in Apendix. 2. Updated asumptions include a gold price of $2,50 per ounce (up from $2,10/oz for Côté and $2,50/oz for Goselin) and a co nso lidated cut - of grade of 0.25 g/t Au (down from 0.30 g/t Au previously) aplied acros the consolidated zones. CÔTÉ & GOSELIN CONSOLIDATED MINERAL RESOURCE ESTIMATE 1 Tones Grade Ounces (as of Mar 31, 2026) ٢ (g/t) ٢ Measured 164,364 0.89 4,712 Indicated 673,623 0.72 15,629 Measured + Indicated 2 (incl. reserves) 837,987 0.75 20,341 Infered 17,128 0.61 3,479
Slide 18 — ٢
18 CONSOLIDATED RESOURCE CÔTÉ ZONE - MINERAL RESERVE ESTIMATE Tones Grade Ounces (as of Dec 31, 2025) ٢ (g/t) ٢ Proven & Probable: Côté 217,167 1.01 7,041 CÔTÉ & GOSELIN CONSOLIDATED MINERAL RESOURCE ESTIMATE Tones Grade Ounces (as of Mar 31, 2026) ٢ (g/t) ٢ Measured 164,364 0.89 4,712 Indicated 673,623 0.72 15,629 Measured + Indicated 2 (incl. reserves) 837,987 0.75 20,341 Infered 17,128 0.61 3,479 1. M&I resources are inclusive of P&P Mineral Reserves, refer to Mineral Reserves and Resources Statement in Apendix. 2. Updated asumptions include a gold price of $2,50 per ounce (up from $2,10/oz for Côté and $2,50/oz for Goselin) and a consolidated cut - of grade of 0.25 g/t Au (down from 0.30 g/t Au previously) aplied acros the consolidated zones.
Slide 19 — INCREASED SCOPE AND SCALE
19 CÔTÉ EXPANSION OPORTUNITY INCREASED SCOPE AND SCALE • Expansion technical report and mine plan to be released in Q4 2026 • Conceptual plan to expand Côté plant from 36,0 tpd to 50,0+ tpd targeting subset of consolidated Côté and Goselin model with M&I of 20.3 Moz and Inf. of 3.5 Moz • Côté general strategy to mine at a higher rate than procesing to alow for lift in head grade when stockpiling low - grade ore EXPANSION PRIORITIES • Mining: Curent ore mining design rate of ~ 50,0 tpd based on 2:1 strip ratio • Procesing: Expansion to include a 2 nd dry crushing line, 3 rd vertimil, optimized refed systems and increased fine ore dome capacity and leach tanks • Prioritize plant expansion with enginering work expected to comence after release of updated technical report • Mine plan likely to include staged capital as Côté pit curently has over 40 Mt in M&I and is higher grade than Goselin • TMF curent capacity at 230 Mt with expansion potential CONCEPTUAL DIAGRAM OF CÔTÉ AND GOSELIN PITS CONCEPTUAL DIAGRAM OF PLANT EXPANSION
Slide 20 — 2025
20 RECONCILIATION EXCELENT RECONCILIATION BETWEN GEOLOGICAL AND GRADE CONTROL MODELS Marginal variability sen in grade and tonage estimates betwen designs, production estimates, and mil fed estimates. Caused by blending stockpiles and available dril hole data. • Wil continue to improve stockpile estimations and improving block models with aditional RC and DH data. Mil reconciliation demonstrating strong F3 reconciliation over long periods, improving confidence in reserves and life - of - mine plans. MODEL DETAILS Resource and Reserve model reconciliation is based on 2025 Cote Model, and not the Merged Cote - Goselin model. Grade Control Model updated with latest RC and Production Reconciliation (ongoing) F1 F2 F1.5 F3 Reserves Model Final Design Production Mil Fed 2025 Factor Tones Grade Ounces F1 - 3% - 5% - 8% F1.5 6% - 2% 5% F2 - 3% 6% 3% F3 1% - 1% - 1% Last 6 - months Factor Tones Grade Ounces F1 - 2% - 7% - 9% F1.5 5% 0% 6% F2 - 2% 8% 6% F3 1% 1% 2%
Slide 21 — Plant
21 OVERVIEW OF OPERATIONS 1 3 4 6 5 2 7 Côté Pit Phase 0 Procesing Plant Tailings Management Facility Ore Stockpile Côté Pit Phase 1 Polishing Pond Mine Rock Area Stockpile Mining progres: Over 1 MT of rock mined, with 3MT of ore and 78Mt of Waste. Over 1,591km of driling, and 35,14,0 kg of explosives blasted. Sequence Update: Mining started at 382mL and progresed to 256m Bench in Phase 0 and Phase 1 down to 292mL. Push back of Phase 2 started in late 2025 and is curently on the 376m bench Mine Rock Area: Phase 1 & 2 of waste rock stockpile is up to 159MT and Phase 3 & 4 are being prepared. Ore Stockpiles: Low Grade stockpile balance at 14.3MT and High Grade at 0.7MT Miling: Tones miled in 2025 at 10.8MT and 40koz of gold produced. Tailings Management Facility: Progresive construction advancing wel with utilization of autonomous flet 51MT of waste placed and 19MT of tailings. Water Management: Rigorous monitoring in place to continue Mil operations with reclaim water and ensure mine discharge to environment remains compliant. Rental Water Treatment Plant in operations since April 2026 to reduce nitrate level in efluent discharge. 1 4 5 7 6 2 Côté Pit Phase 2 Overburden Stockpile 3
Slide 22 — MINING
MINING
Slide 23 — 45 milion tones mined in 2025
A U T O N O M OU S E QU IPME NT Cô t é G o l d u t ili zes a u t onomous h a u l a g e a nd d r ili n g w it h p rimary e q u i pment: ى 2 0 a uto n omous CA T 7 9 3F hau l t ruc k s ٫ wil have 24 by year end. • 2 C A T 6 0 6 0 E e l ect r ic shov e ls • 4 C A T 9 9 4/5 K f ro n t - e n d l o a d e r s • V i p er 2 3 1 a uto n omous dri l ls A u t o n omou s f l e t i s c o n tr o l l e d f r om a n I N TE G RAT E D O P ER A TIO N S CE N TRE (IOC) at s i te • Pr o vi d es da t a , m etric s , a n d a dvance d a nalytic s , t o m a k e i n f or m e d , cor d i n at e d , a n d e x p e d i e n t d e cisio n s. • Pr o ces s p l a nt op e r a t i o ns centre m ov e d i n t o the IOC To m a x i m i ze safe t y a n d c o n tr o l t h e o p e r at i n g c o n d i t i o n s , a u t om a t e d m a c h i n es w ork i n d es i g n at e d AUT O N OMOUS O P ER A TI N G ZON ES ( A O Z) . • Co n n e c t e d t o the IOC via a d e nse co m m u n ic a t i o ns a n d s urv e i l lance n et w or k . H um a n ac c es s t o o ur A OZ is re s t ric t e d t o q ualifi e d and n e ces s a ry p e r s o n n el. • In 2 0 2 6 , the mine is planing to complete i m p l eme n tation of a pr i v at e L T E /5 G n e t w or k t o i m pr o ve co n n e c t iv i t y i n t h e p i t a s f l e et e x pands a n d a s m i n i n g pr o gr e s s es d e e p er. 23 AUTONOMOUS OPERATIONS 45 milion tones mined in 2025 Strategy is to continue ramp - up to 60MT in future years A H S B E N E FITS ى S a fe t y : Re d u c i n g r i s k s o f f a t i g u e m a n ag e me n t i n ci d e n t s & re m ov i n g t r a d i t i o na l survey i n g req u ir e m e n t s ى Pro d u ct i v i t y : R e l iabi l it y t hr o u g h c o nsis t e n t oper a t io n , improv e d p e r f or m a nce i n d i f i cu l t e n vir o nm e nt a l co n d i t i o ns , a uto m at i c a d j us tm e n t s t o hau l a g e ro u t es ى D a t a i s k e y : P e r f or m a nc e a n d resu l t s a r e ver y pr e d i c t a b l e : Mi n i n g b e co m es mat h e mat ic a l!
Slide 24 — MINING OPERATIONS
24 MINING OPERATIONS (10% basis, unles otherwise stated) Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Tones mined ٫ Waste kt 7,789 8,638 7,585 6,574 5,73 Tones mined ٫ Ore kt 3,15 3,170 3,848 4,491 3,53 Material mined ٫ total kt 10,904 1,816 1,43 1,064 9,326 Grade Mined g/t 0.78 0.95 0.96 1.07 0.9 Strip ratio w:o 2.5 2.7 2.0 1.5 1.6 Production metres driled km 154 137 145 153 142 MATERIAL MOVEMENT Phase 1 Phase 3 Phase 2 Phase 4
Slide 25 — • Implemented Dril and Blast optimization initiatives
25 MINING PERFORMANCE DRILING 5 ٫ Pit Vipers and 5 ٫ D65s • Flet availability continuing to improve with significant uplift through Q1 2026 • Aditional D65 drils aded to flet to met pre - shear requirements BLASTING • Ongoing colaborative relationship with explosives vendor for improved performance • Implemented Dril and Blast optimization initiatives LOADING 2 ٫ 6060 shovels and 4 ٫ 94/5 loaders • Shovel availability 80% - 85% and Loader availability 75% to 80% (Improvement from previous year) • Utilization remains high at 90% HAULING 20 ٫ 793 autonomous haul trucks in operation in 2026 • Truck availability steady at 87% up from 80% in 2025 • Utilization at +90% • Aditional trucks to arive Q3 and Q4 to met increase Ex - pit targets
Slide 26 — PROCESING
PROCESING
Slide 27 — 27
27 CÔTÉ PRIMARY AND SECONDARY CRUSHING CIRCUITS Fine Ore Bin Secondary Crushers Primary Crusher Lime Silo Screning Building Coarse Ore Dome HPGR Fire Water Systems
Slide 28 — Cyanide
28 CÔTÉ PROCESING PLANT Bal Mil Bal Mil Cyclones Pre - leach Thickener O2 Storage & Distribution Proces Water Tank Leach Tanks(10) 30 hrs Cyanide Destruction SO2 Tailings Thickener Tailings Pump CIP Tanks (8) Refinery Secondary Cyclones Verti - Mils (2) From Primary & Secondary Crushing ADR Cyanide Mixing Reagent Mixing
Slide 29 — 29
29 CÔTÉ PROCESING FLOWSHET KEY COMPONENTS Traditional primary/secondary crushing • Aditional secondary cone crusher comisioned Dec 2025 Primary conveyor CV - 10 Coarse ore stockpile in covered dome HPGR crushing in tertiary stage Two stages of grinding: Bal mil Vertical mils • 3 rd Vertimil to be instaled in 2027 Standard Leach/CIP with Zadra elution circuit • Recoveries have ben above design (91.8%) since Côté start (avg. 93.5% over last 4 quarters) • Several components designed for 1,80+ tph (42,0 tpd ) including electrical circuit, chutes, pumps and pump boxes 1 2 4 5 6 1 2 3 4 5 7 7 3 6 Dry side
Slide 30 — availability
30 PROCESING PLANT MILING OPERATIONS (10% basis, unles otherwise stated) Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Ore miled kt 2,097 2,930 2,98 2,874 2,341 Head grade g/t 1.17 1.10 1.18 1.4 1.07 Recovery % 93 93 94 94 93 Production ٫ 10% koz 73 96 106 124.6 74.7 Production ٫ atr . (60.3%) koz 51 67 75 87.2 52.3 RAMP UP OBSERVATIONS V Capacity Management : Plant demonstrated early the ability to operate at or above nameplate throughput rates, increasing availability was priority • Recoveries stable above design rates despite fluctuating tonages • Power usage les than estimates as crushing circuit eficiently managed ore hardnes V Abrasivenes Resistance : Early operations saw high amounts of wear on chutes and liners, replaced components with more abrasive resistant materials V Screning Refinement : Screning building saw higher amounts of recirculating fed, refinements made to screning and maintenance V Crushing Botleneck : Secondary crusher was primary botleneck identified in late 2024 , third party mobile crusher aded to provide aditional capacity • Second cone crusher instaled in Dec 2025 • Reduced reliance on mobile crusher in H 2 2026 V HPGR Maintenance : HGPR seing improved life cycle of rols folowing instalation of second cone crusher • Paralel secondary crushing alowing for improved size of material being fed to the HPGR V Conveyor Replacement : Primary conveyor replaced in May 2026 folowing increased damage on high wear areas once under higher load from second cone crusher 0.0 0.25 0.50 0.75 1.0 1.25 1.50 0.0 0.5 1.0 1.5 2.0 2.5 3.0 Q1/24 Q2/24 Q3/24 Q4/24 Q1/25 Q2/25 Q3/25 Q4/25 Q1/26 g/t M tones Throughput Head grade THROUGHPUT & GRADE
Slide 31 — •Updated mine plan investigating expansion potential of curent
31 TAILINGS MANAGEMENT FACILITY STAGE 3 PHASE 2 FACILITY (2026) ULTIMATE FACILITY DESIGN •203 Mt tailings (23 Mt design requires +5 m raise) •Updated mine plan investigating expansion potential of curent facility •TMF is closed circuit with tailings water and sepage captured and re - circulated to mil •Tailings are non - acid generating rock and low metal leaching potential •Dam construction : •Centerline, and Downstream raising methodology Capacity 23 Mt Pond Volume 3.6 Mm 3 Max Dam IĞŝŐŚ (m) 85 Pond 9ůĞǀĂϰϱϰ͘ ϴല Crest Elevation ;ŵ 9ů North Dam: 461 Other: 463 {ƉŝůůNorth Dam EOY Capacity 41.5 Mt Curent Pond Volume 3.0 Mm 3 EOY Max Dam IĞŝŐŚ (m) East Dam N: 53 East Dam S: 29 West Dam: 43 South Dam: 16 Curent Pond 9ůĞǀĂ 410.0 EOY Crest 9ůĞǀĂ (m El) East Dam N: 419 East Dam S: 423 West Dam: 423 South Dam: 423 Curent {ƉŝůůEast Dam North
Slide 32 — EXPLORATION
EXPLORATION