Core Insights - Equinox Gold Corp. has reported updated technical results for its Greenstone Gold Mine in Ontario and Valentine Gold Mine in Newfoundland & Labrador, highlighting significant mineral reserves and resources as of December 31, 2025, including 19 million ounces of gold in mineral reserves and 19 million ounces in measured and indicated resources [1][2][3] Greenstone Gold Mine - The immediate focus is on ramping up to a sustained milling capacity of 27,000 tonnes per day, with an expected average annual gold production of approximately 320,000 ounces over the next decade [2][14] - There are opportunities to optimize operations further, including increasing mill throughput to 30,000 tonnes per day and incorporating higher-grade underground resources into future mine plans [3][14] - The mine has a total of 8.1 million ounces of combined proven and probable mineral reserves, with strong exploration potential across the 400 km² land package [8][14] Valentine Gold Mine - The planned Phase 2 expansion is expected to increase throughput to approximately 13,700 tonnes per day, with an average annual gold production of about 223,000 ounces for the subsequent ten years [4][23] - Ongoing delineation efforts at the Frank Zone may lead to a fourth open pit, enhancing the asset's value and mine life [5][23] - The mine has a total of 2.7 million ounces of proven and probable mineral reserves, with significant exploration potential remaining on the 320 km² property [23][35] Financial and Operational Highlights - The company has a robust exploration budget of $70 to $80 million for 2026 to enhance mineral reserves and resources [6] - The Greenstone mine is projected to average 543,000 ounces of annual gold production from Canada over the next ten years based on proven and probable mineral reserves [8] - The Valentine mine's life of mine cumulative net cash flow is estimated at $4.3 billion at a gold price of $4,500 per ounce [23]

Core Viewpoint - OceanaGold Corporation has filed its Annual Information Form and updated technical reports for its Haile, Macraes, and Didipio operations, which are expected to support substantial Free Cash Flow generation at current gold prices [1][2]. Group 1: Technical Reports and Production Guidance - The technical reports are based on the Company's 2025 Mineral Reserves, estimated using a gold price of $2,200 per ounce, and do not include Inferred Mineral Resources or exploration potential [2]. - The Company's 2026 Guidance remains unchanged as outlined in the Fourth Quarter and Full Year 2025 Management's Discussion and Analysis [2]. Group 2: Company Overview - OceanaGold is a global intermediate gold and copper producer with a commitment to maximizing Free Cash Flow and delivering strong returns for shareholders [4]. - The Company operates four mines: Haile Gold Mine in the USA, Macraes and Waihi operations in New Zealand, and Didipio Mine in the Philippines [4]. Group 3: Availability of Reports - The Technical Reports and Annual Information Form can be accessed on SEDAR+ and the Company's website [3].

Core Insights - G Mining Ventures Corp. reported strong financial and operational results for 2025, with Tocantinzinho achieving its first full year of commercial production, generating $255 million in free cash flow and demonstrating operational reliability [2][3][5]. Financial Performance - The company generated $580.7 million in revenue for the full year 2025, a significant increase from $145.3 million in 2024 [14][61]. - Net income for 2025 was reported at $288 million, or $1.27 per share, compared to $29.6 million in 2024 [15][62]. - Free cash flow for the year was $255 million, equating to $1.12 per share, highlighting the asset's strong margin profile [17][20]. Production and Cost Metrics - Gold production for 2025 totaled 171,871 ounces, with total cash costs averaging $748 per ounce, slightly above guidance due to increased royalty costs [5][12]. - The all-in sustaining cost (AISC) for the year was $1,155 per ounce, remaining within guidance despite higher costs [13][12]. - Fourth quarter production reached 47,346 ounces at total cash costs of $808 per ounce and AISC of $1,245 per ounce, benefiting from a higher realized gold price of $4,032 per ounce [7][14]. Operational Outlook - The company expects average annual production of 200,000 ounces over the next two years, with 2026 production estimated between 160,000 to 190,000 ounces and 200,000 to 235,000 ounces in 2027 [5][38]. - Total cash costs and AISC are projected to decrease by 8% by 2027, with improvements expected in the second half of 2026 [6][38]. Growth Pipeline - The Oko West Project is fully funded and on schedule, with total project commitments of approximately $424 million, targeting first gold pour in the second half of 2027 [10][25]. - Gurupi's development roadmap includes a $21 million exploration budget for 2026, aiming for an updated Mineral Resource Estimate and Preliminary Economic Assessment by year-end [10][33]. Exploration Activities - The company executed a significant exploration program in 2025, with total expenditures of $16 million, focusing on both near-mine and regional targets [34][35]. - Notable drilling results included intercepts of 27.0 m at 0.85 g/t Au and 23.0 m at 0.91 g/t Au, indicating potential for resource expansion [35][36]. Environmental, Social & Governance (ESG) Highlights - The company maintained a strong safety record with a Total Recordable Injury Frequency Rate (TRIFR) of 0.23 in 2025, reflecting its commitment to health and safety [42][43]. - Local hiring initiatives were emphasized, with 82.6% of the workforce at Tocantinzinho being from the state of Pará, Brazil [43].

MARCH 2026 A 20+ year track record of growing ounces of gold in the ground faster than shares outstanding Forward Looking Statements All reserve and resource estimates reported by the Company were calculated in accordance with the Canadian National Instrument 43-101 and the Canadian Institute of Mining and Metallurgy Classification system. These standards differ significantly from the requirements of the U.S. Securities and Exchange Commission. Mineral resources which are not mineral reserves do not have de ...

Core Insights - Centerra Gold Inc. reported significant increases in mineral reserves and resources for 2025, with proven and probable gold reserves rising 58% year-over-year to 5.5 million ounces and copper reserves increasing 49% to 1.7 billion pounds as of December 31, 2025 [2][3]. Mineral Reserves and Resources Summary - The total proven and probable gold mineral reserves for 2025 are 5.5 million ounces, with a total of 519,034 tonnes at an average grade of 0.33 g/t [4][30]. - The total measured and indicated gold mineral resources, inclusive of reserves, stand at 10.8 million ounces, with 1,013,225 tonnes at an average grade of 0.33 g/t [4][30]. - Proven and probable copper mineral reserves are 1.7 billion pounds, with a total of 470,332 tonnes at an average grade of 0.17% [7][30]. - The total measured and indicated copper mineral resources, inclusive of reserves, amount to 3.6 billion pounds, with 959,422 tonnes at an average grade of 0.17% [7][30]. Exploration Activities - In 2025, Centerra completed 113.5 kilometers of drilling, focusing on gold and copper mineralization across various projects, including Mount Milligan, Kemess, and Öksüt [10][14]. - Significant drilling results at Mount Milligan included an increase of approximately 2 million ounces of gold and 500 million pounds of copper to the mineral resource base [14]. - The exploration budget for 2026 is projected to be between $40 to $50 million, with a focus on both brownfield and greenfield exploration [10][14]. Project-Specific Highlights - At Mount Milligan, drilling results indicated the expansion of mineralization towards the west, with significant intercepts reported [16][18]. - The Kemess project saw extensive drilling, confirming the continuation of mineralization and the potential for future resource delineation [19][20]. - The Öksüt mine's exploration efforts are aimed at identifying potential targets for drilling in 2026, although no significant results were reported from recent drilling [32]. Future Outlook - Centerra plans to continue infill drilling and exploration at Mount Milligan and Kemess, with a focus on upgrading inferred resources and expanding the resource base [14][24]. - The company is also expected to advance exploration at its greenfield projects in Canada and the United States, including the Goldfield and Oakley projects [32].

We envision. We deliver. Q4 - FY 2025 Financial and Operational Results Webcast February 19, 2026 NYSE: FSM | TSX: FVI We envision. We deliver. Q4 - FY 2025 Highlights FY 2025 record free cash flow from ongoing operations4 of $330 million Cash Flow & Margins Balance Sheet Strength Delivering Growth Production $704.0 M in liquidity $381.5 M net cash position Safety Cash Cost & AISC Record FCF from Operations1,4 $132.3 M Q3 2025: $73.4 M Operating cash flow before working capital of $147.6 M or $0.48/share2 E ...

Core Viewpoint - OceanaGold Corporation reported its Mineral Reserves and Resources for the year ended December 31, 2025, highlighting significant changes in reserves and resources due to exploration efforts and higher gold prices, with a total of 5.83 million ounces of gold in reserves and 8.63 million ounces in measured and indicated resources [1][2][3]. Group 1: Mineral Reserves - Total Mineral Reserves decreased by 0.39 million ounces from the previous year, primarily due to depletion at Haile and a change in mining method at Ledbetter from open pit to underground, which improved overall asset NPV [1][2]. - The gold price assumption for reserves was increased to $2,200 per ounce, which allowed for new open pit phases at Macraes, extending its mine life to 2032 [1][2]. - The Haile mine is expected to produce an average of 210,000 ounces of gold per year from 2027 through 2031, providing a more sustainable production profile [1][3]. Group 2: Mineral Resources - Total Measured and Indicated Resources decreased by 0.31 million ounces from the prior year, mainly due to mining depletion and the change in mining method at Ledbetter [2][3]. - Inferred Resources increased by 0.3 million ounces, driven by additions at Wharekirauponga Underground and gold price-related open pit expansions at Macraes [2][3]. - The company plans to increase its exploration investment by 50%, with a budget of $60 million for 2026, reflecting its commitment to organic growth in reserves and resources [1][2]. Group 3: Operational Changes - The transition to underground mining at Ledbetter is expected to reduce waste movement and greenhouse gas emissions while improving the NPV of the Haile asset [1][3]. - Updated technical reports for Haile and Macraes will be filed by the end of March 2026, including life-of-mine plans and capital cost estimates based on Mineral Reserves only [1][2]. - The construction of the LUG portal at Haile is scheduled to commence in 2028, with first development ore expected in 2029 and steady-state production anticipated in 2030 [1][3].

Financial Data and Key Metrics Changes - The company generated more than $100 million in free cash flow in Q4 2025, finishing the year with $535 million in cash and over $1 billion in liquidity [4][16] - Full year production of 447,000 gold equivalent ounces exceeded the midpoint of guidance, with a full year AISC of $1,923 per ounce, comfortably within guidance [14][15] - Free cash flow totaled $252 million for the full year, with over $400 million when excluding changes in working capital [16] Business Line Data and Key Metrics Changes - Marigold produced 43,000 ounces of gold in Q4 2025, with AISC of $2,089 per ounce, and is expected to produce between 170,000-200,000 ounces in 2026 [20][21] - CC&V produced 39,000 ounces of gold in Q4 2025, with AISC of $1,596 per ounce, and is expected to produce 125,000-150,000 ounces in 2026 [24][25] - Puna exceeded its production guidance for the third consecutive year, producing 2.1 million ounces of silver in Q4 2025, with AISC of $1,839 per ounce [28] Market Data and Key Metrics Changes - The company holds 11 million ounces of gold equivalent mineral reserves, up nearly 40% year-over-year, driven by the incorporation of CC&V and Hod Maden [19] - Mineral reserve price assumptions remained conservative at $1,700 per ounce for gold and $20.50 per ounce for silver [19] Company Strategy and Development Direction - The company announced a share buyback program of up to $300 million, indicating confidence in its portfolio value [4][17] - Significant capital investment is planned for 2026, focusing on growth opportunities across the business, particularly in brownfield projects [8][12] - The Hod Maden project is highlighted as a key asset with a $1.7 billion NPV and a 39% internal rate of return, with ongoing early site works [9][11] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about continued free cash flow generation in 2026 and the potential for year-on-year production growth [4][30] - The company is well-positioned to capitalize on growth initiatives and maintain strong financial health despite market fluctuations [30] Other Important Information - The company has a strong focus on environmental, health, safety, and sustainability (EHSS) initiatives, which are integral to its operational strategy [18] - The company is advancing multiple growth projects, including the Buffalo Valley and New Millennium projects, which may be integrated into future technical reports [22][80] Q&A Session Summary Question: Can you provide more color on Marigold's guidance? - Management indicated that the guidance range of 170,000-200,000 ounces is a good indication of expected delivery, with updated plans considering blending requirements [33][34] Question: What silver prices are needed for Puna to extend operations beyond 2028? - Management noted that ongoing work at Chinchillas and Molina, along with current silver prices, supports the potential for extended operations [43][46] Question: What is the timeline for a construction decision on Hod Maden? - Management stated that site work is ongoing, and while a timeline cannot be set, progress is being made towards a construction decision [51][52] Question: Why is the guidance for Puna's silver production lower than previously stated? - Management explained that the timing of ounces has changed due to ongoing work at Chinchillas, but production levels are expected to be maintained at a higher level for longer [61][68] Question: What is the plan for CC&V's resource acceleration? - Management indicated that the mine extension is contingent on obtaining necessary approvals, with plans to optimize and convert additional resources into production [98][100]

Financial Data and Key Metrics Changes - In Q4 2025, the company produced 120,000 gold equivalent ounces with an all-in sustaining cost (AISC) of $2,250 per ounce, or $2,002 per ounce excluding costs incurred at 현pler [13] - Net income attributable to shareholders in Q4 was $181 million, or $0.84 per diluted share, while adjusted net income was $190 million or $0.88 per diluted share [14] - Full year production reached 447,000 gold equivalent ounces, exceeding the midpoint of guidance, with full year AISC at $1,923 per ounce [14] - Free cash flow totaled $106 million in Q4 and $252 million for the full year, with over $400 million in free cash flow excluding changes in working capital [15] Business Line Data and Key Metrics Changes - Marigold produced 43,000 ounces of gold in Q4 with an AISC of $2,089 per ounce, and is expected to produce between 170,000-200,000 ounces in 2026 [19][20] - CC&V produced 39,000 ounces of gold in Q4 with an AISC of $1,596 per ounce, and full year production of 125,000 ounces exceeded guidance [22][23] - Seabee produced approximately 9,000 ounces at an AISC of $1,433 per ounce in Q4, with full year production expected to be 60,000-70,000 ounces [25] - Puna produced 2.1 million ounces of silver in Q4 with an AISC of $1,839 per ounce, and is expected to produce 6.25-7 million ounces in 2026 [27][28] Market Data and Key Metrics Changes - The company ended 2025 with $535 million in cash and over $1 billion in total liquidity, supporting continued investment in growth initiatives [15] - The company announced a share buyback program of up to $300 million, reflecting confidence in its financial position and share value [4][16] Company Strategy and Development Direction - The company is focused on advancing brownfield growth projects and has committed substantial capital investment for 2026, particularly in leach pad expansions at Marigold and CC&V [8][12] - The Hod Maden Development Project is highlighted as a significant asset with a $1.7 billion NPV and a 39% internal rate of return, with ongoing early site works [9][10][11] - The company aims to maintain a strong production profile while exploring additional growth opportunities across its portfolio [29] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about continued free cash flow generation in 2026 and the potential for year-on-year production growth [4][29] - The company is committed to addressing operational challenges, particularly at Marigold, and is implementing strategies to optimize ore blending and recovery [90] - Management noted that the future outlook for Puna is bright, with ongoing exploration and development efforts expected to extend operations beyond 2028 [45][94] Other Important Information - The company reported a nearly 40% year-over-year increase in gold equivalent mineral reserves, totaling 11 million ounces, driven by the incorporation of CC&V and Hod Maden [18] - The company has a conservative mineral reserve price assumption of $1,700 per ounce for gold, which may be reevaluated in future technical reports [77] Q&A Session Summary Question: Can you provide more color on Marigold's guidance range? - Management indicated that the guidance reflects a conservative approach, with updated plans considering ore blending requirements [32][33] Question: What silver prices are needed for Puna to extend operations beyond 2028? - Management noted that ongoing work at Chinchillas and Molina, along with favorable silver prices, supports the potential for extended operations [42][45] Question: What is the timeline for a construction decision on Hod Maden? - Management stated that early site works are ongoing, and a formal construction decision will follow a review process with partners [50][51] Question: Will there be a new mine plan for Puna including Cordilleras? - Management suggested that a new technical report may be considered as drilling programs conclude, potentially extending mine life [93] Question: What is the plan for CC&V to accelerate ounces into the mine plan? - Management indicated that mine extension is contingent on regulatory approvals and ongoing optimization efforts [97][99]

NYSE & TSX: AEM The information in this presentation has been prepared as at February 12, 2026. Certain statements contained in this presentation constitute "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" under the provisions of Canadian provincial securities laws and are referred to herein as "forward-looking statements". All statements, other than statements of historical fact, that address circumstance ...