• Record throughput drives strong production momentum and supports full-year guidance: In Q3 2026, the Company achieved record quarterly processing plant throughput of 1,833 tonnes per day ("tpd"), a 25% increase from the prior-year comparative period (Q3 2025: 1,461 tpd). This drove Q3 2026 gold production of 7,426 ounces, up 58% from 4,687 ounces in Q3 2025. Year to date, the Company has produced 21,476 ounces of gold and remains on track to meet its full-year production guidance of 25,000 to 30,000 ounces.
  • Record GIC inventory and higher gold recovery provide momentum into Q4: In Q3 2026, gold-in-circuit ("GIC") inventory increased to a record 1,706 ounces, up more than 1,000 ounces from Q2 2026, as the Company prioritized maximizing recovery and capturing additional value from processed ore. This higher GIC inventory is expected to provide additional support for Q4 2026 production through ongoing gold elution and smelting activity, as well as the drawdown of metal inventory held in carbon-in-leach tanks. Gold recovery improved significantly to 84.6% in Q3 2026, up 18% from 67% in Q3 2025, reflecting stronger operating performance and the benefits of continued process optimization. Improved recoveries during the quarter were driven by better feed size and quality to the mills, consistent tertiary crushing, tighter control over grinding, classification and throughput, and streamlined elution and electrowinning activities. These improvements underscore the Company's ability to enhance production efficiency and improve operating margins.
  • Record gold price realization: During Q3 2026, the Company benefited from a record average market price for gold of approximately $4,731 per ounce (London PM fix), a 52% increase over the prior year comparative period (Q3 2025: $3,114 per ounce). Combined with higher year over year production, revenue is expected to be significantly higher in Q3 2026 than in the prior year comparative period.
  • Advancing processing plant expansion and existing plant upgrades to significantly increase future production capacity: The Company continues to advance its processing plant expansion, a key catalyst for future growth. As previously reported, recent metallurgical test work has led the Company to specify a Semi Autogenous Grind ("SAG") / Ball mill combination of 3,500 tpd as part of its next processing plant expansion based on optimal grind size for achievable mine feed from the mine plan. Tendering for the SAG mill has commenced with an award and orders expected to be placed in early Q4 2026. Additionally, the existing 2,000 tpd processing plant is currently undergoing significant upgrades and will be available to continue operating alongside the new 3,500 tpd SAG mill processing plant, providing a significant upgrade in processing capacity versus the 3,000 tpd processing plant size assumption in the PEA. Notable upgrades to the existing processing plant include a pre-leach thickener, upgraded agitators & interstage screens, Aachen reactor, oxygen plant, Adsorption, Desorption and Recovery ("ADR") plant, new gold room, apron feeder, belt magnet, and new tertiary crusher. These upgrades are currently in progress and are expected to be completed by calendar Q4 2026.