Driving Margins.
Delivering Value.

GoldRock is engineered for financial resilience. We focus on high-margin assets, operational discipline, and long-term value generation across all market cycles.

Margin Over Volume

Every ounce of gold and silver we produce is guided by a focus on margin quality and operational efficiency.

By targeting jurisdictions with favorable economics and utilizing practical metallurgy, we aim to insulate our balance sheet against commodity price volatility. Our revenue generation is supported by strict cost-control measures across all operating assets.

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Margin Expansion Focus

By working to maintain our Consolidated AISC below spot prices, we strive to protect our cash flow generation potential across commodity cycles.

$1,180/oz Consolidated AISC
> 50% Operating Margin
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Robust Balance Sheet

Strong liquidity profile designed to support internally funded organic growth and exploration.

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Cost Discipline

Aggressive cost management initiatives aimed at keeping our All-In Sustaining Costs highly competitive.

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Targeted
Capital Allocation

Applying a disciplined approach to capital deployment to support long-term value generation.

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Diversified Revenue

A balanced mix of gold, silver, and copper helps mitigate single-commodity exposure.

Our Free Cash Flow Engines

An overview of the operating metrics and cost profiles of our three cornerstone producing assets driving our annual revenue generation.

Producing

Aurora Goldfields Hub

CÔTE D'IVOIRE • GOLD

Our flagship high-grade open-pit CIL operation, serving as the primary cash flow generator in West Africa.

2025 Production 160 koz Au
Reserves 1.40 Moz (1.55 g/t)
Cash Cost (oz) $750 – $820
AISC (oz) $1,050 – $1,150
Producing

Puna Leach Mine

ARGENTINA • GOLD

A steady, low-cost heap leach operation providing reliable, consistent margins in a favorable mining jurisdiction.

2025 Production 120 koz Au
Reserves 1.20 Moz (0.60 g/t)
Cash Cost (oz) $880 – $960
AISC (oz) $1,250 – $1,380
Producing

Condor Mine

PERU • SILVER

A high-grade underground flotation asset heavily diversifying our revenue stream with premium precious metals.

Metals Silver
Mining Method Underground
Flotation
Reserves (Ag) 210 g/t Ag
Revenue Profile Multi-Commodity

Future Value Generation

The Kora Gold Project in Senegal is framed as GoldRock’s blueprint for the next stage of growth. The project is described as a PFS-level concept being advanced through rigorous pre-feasibility and environmental and social impact assessment work. Management’s stated objective is not simply to build another mine, but to build one that systematically overcomes its challenges, stays capital disciplined, and is capable of generating attractive returns.

Those economics matter for two reasons. First, they suggest Kora is intended to be a genuine corporate growth engine rather than a marginal asset. Second, they align with GoldRock’s wider capital allocation story: growth should come from projects with strong payback, manageable capital intensity, and clear strategic fit. Senegal also broadens the company’s West African footprint and may create operating synergies with Aurora over time.

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Kora Gold Project

SENEGAL • PFS-LEVEL CONCEPT

AFTER-TAX NPV (5%) ~US$750M @ US$1,900/oz Au
AFTER-TAX IRR ~26% Highly competitive return
INITIAL CAPEX ~US$420M Manageable capital outlay
PAYBACK PERIOD ~2.4 yrs Rapid capital recovery

Capital Allocation Framework

Our approach to managing free cash flow is designed to ensure operational stability while funding long-term growth.

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1. Sustain Operations

Fully funding sustaining capital, exploration, and operational improvements to maintain baseline production and safety standards at Aurora Goldfields, Condor, and Puna Leach.

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2. Balance Sheet Strength

Maintaining a conservative leverage profile and robust liquidity buffer. We prioritize financial flexibility to navigate commodity cycles without requiring dilutive financing.

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3. Fund Organic Growth

Directing excess free cash flow toward high-return development projects like Kora and high-probability near-mine exploration to extend mine lives.