AGA Mineração (Cuiabá)

AGA Mineração comprises the Cuiabá and Córrego do Sítio (CdS) complexes in Minas Gerais state, Brazil. The Cuiabá complex includes the Cuiabá and Lamego underground mines as well as the Queiroz gold plant (restarted September 2024). 2025 gold production from the Cuiabá complex was 273koz (2024: 271koz) at TCC of $976/oz. 2025 total tonnes treated 1.6Mt (+14% YoY) including 1.4Mt of Cuiabá ore plus 196kt of concentrate. FAP improvements lifted underground development and truck payload availability. Exploration focused on Viana, VQZ and main orebodies targeting Mineral Reserve doubling by 2028. CdS remains on care and maintenance. 2026 priorities: lifting Cuiabá plant capacity from 1.4Mtpa to 2.0Mtpa to deliver ~200ktpa of concentrate to Queiroz; optimised mine plans to unlock ~1.9Mtpa from Cuiabá and Lamego.