Veladero

The construction of Phase 8 of the Leach Pad is 60% complete, with an investment of US$121 million, and is expected to be finalized by April 2027. In parallel, the company plans to begin early works for Phase 9 in September 2026. Additionally, the approval of the RIGI—representing an investment of approximately US$400 million through 2028—is aimed at developing new phases of the leaching system, which will enable the incorporation of approximately 89 million tonnes of additional processing capacity.

• Production in 2025: 412,000 oz of gold (100% Basis)

Production in 2024: 504,000 oz of gold (100% Basis)

1Proven and Probable Gold Mineral Reserves 2.8 Moz, Measured and indicated resources: 4.2 Moz Ounces, Inferred Resources: 0.52 Moz Ounces