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Investor Presentaiton

TAHUEHUETO FINANCIAL METRICS (PFS, 2022) Financial Metrics – 1,000 tpd Post-tax Net Cash Flow 258.9 $Million Pre-tax Net Cash Flow per tonne of ore 98 $Tonne ore All In Sustaining Costs (LOM) 855 $/AuEq oz Post-tax Net Present Value at 5% discount* 161.3 $Million Post-tax Net Present Value at 10% discount 131.8 $Million EBITDA (LOM) 357.7 $Million Internal Rate of Return (IRR)** 65.5 % Payback Period 2.0 Years * 5% discount considered reasonable due to advanced state of Tahuehueto construction, with construction at 85% completion and therefore remaining capital costs are known with substantially increased accuracy. ** IRR is calculated with approximately $34 million of pre-Jan 2022 expenses on the project. $19 million of pre-2015 costs of exploration, acquisition and carrying costs have been treated as sunk costs. A 11
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