Perama Hill Project Overview

Non-IFRS Measures Certain non-IFRS financial measures and ratios are included in this presentation, including cash operating costs and cash operating costs per ounce sold, total cash costs and total cash costs per ounce sold, all-in sustaining costs ("AISC") and AISC per ounce sold, sustaining and growth capital, average realized gold price per ounce sold, adjusted net earnings/(loss) attributable to shareholders, adjusted net earnings/(loss) per share attributable to shareholders, earnings before interest, taxes, depreciation and amortization ("EBITDA"), adjusted earnings before interest, taxes, depreciation and amortization ("Adjusted EBITDA"), free cash flow, free cash flow excluding Skouries, working capital and cash flow from operating activities before changes in non-cash working capital. In the gold mining industry, these are common performance measures but may not be comparable to similar measures presented by other issuers. The Company believes that these measures and ratios, in addition to conventional measures and ratios prepared in accordance with International Financial Reporting Standards ("IFRS"), provide investors an improved ability to evaluate the underlying performance of the Company. The non-IFRS and other non-financial measures and ratios are intended to provide additional information to assist in their evaluation of the Company's performance and ability to generate cash flow from operating activities and should not be considered in isolation or as a substitute for measures or ratios of performance prepared in accordance with IFRS. These measures and ratios do not have any standardized meaning prescribed under IFRS, and therefore may not be comparable to other issuers. Certain additional disclosures for these non-IFRS measures, including quantitative reconciliations to the most directly comparable IFRS financial measures, are incorporated by reference herein and can be found in the section 'Non-IFRS and Other Financial Measures and Ratios' starting at page 26 in the MD&A that will be available on SEDAR+ at www.sedarplus.com, on EDGAR at www.sec.gov, and on the Company's website under the 'Investors' section. The most directly comparable IFRS financial measures and results from the quarter ended September 30, 2023 are below. Non-IFRS Measure Cash operating costs (C1) Total cash costs (C2) AISC Average realized gold price per ounce sold EBITDA Adjusted EBITDA Adjusted net earnings/(loss) Adjusted net earnings/(loss) per share Cash flow from operations before changes in non-cash working capital Free cash flow Free cash flow excluding Skouries Sustaining capital expenditures Most Directly Comparable IFRS Measure Production costs Revenue Earnings (loss) from continuing operations before income tax Q3 2023 $115.9 M $245.3 M $45.3 M Net earnings (loss) attributable to shareholders of the Company from continuing operations ($6.6 M) Net cash generated from operating activities of continuing operations $108.1 M Growth capital expenditures Additions to property, plant and equipment during the period, excluding capitalized interest $91.1 M

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