2023 guidance on track • $240m returned to shareholders YTD • Growth projects on budget and on track
OPERATIONAL AND FINANCIAL HIGHLIGHTS (for continuing operations unless otherwise specified)
• Strongest quarterly performance this year with 281koz produced in Q3-2023 at an industry-low AISC of $967/oz
• 792koz produced year-to-date at an AISC of $974/oz, on track to meet guidance with stronger Q4-2023 expected
• Net Earnings of $60m (or $0.24/sh) for Q3-2023 and $137m (or $0.55/sh) year-to-date
• Operating Cash Flow of $115m (or $0.47/sh) for Q3-2023 and $453m (or $1.83/sh) year-to-date
• Healthy financial position at quarter end with leverage ratio of 0.40x Net Debt / Adj. EBITDA (LTM) despite incurring
$293m in growth capital spend and delivering $240m in shareholder returns this year
ROBUST SHAREHOLDER RETURNS
• $100m half-year dividend paid in Q3-2023, totalling $200m paid year-to-date
• Share buyback programme continued with $20m worth of shares repurchased in Q3-2023, totalling $40m year-to-date
• Shareholder returns total $777m since first payment in Q1-2021, which represents ~15% of current market capitalization
ATTRACTIVE ORGANIC GROWTH
• Sabodala-Massawa expansion and the Lafigué development project are on budget and on schedule for start-up in
Q2-2024 and Q3-2024 respectively, which will provide further ability to reward shareholders
• Strong ongoing exploration efforts with $78m spent year to date across the group; Updated resource estimate for TandaIguela greenfield discovery expected to be published in late 2023

see & read more on
https://s201.q4cdn.com/254090064/files/doc_earnings/2023/q3/earnings-result/2023-3Q-Earnings-Release-Final.pdf