Marmato Mine

Underground gold mine comprising the operating Upper Mine (Narrow Vein Zone) and the Lower Mine (Bulk Mining Zone) expansion project. Located on the west side of the town of Marmato, Caldas Department, Colombia, approximately 80 km from Medellín. Property comprises three contiguous mining titles (Zona Alta, Zona Baja, and Echandia). Intermediate sulfidation epithermal and mesothermal mineralization hosted in the Marmato Porphyry Suite. The Upper Mine has been in continuous operation since 1993. The Upper Mine utilizes conventional cut and fill stoping feeding a 1,250 tpd processing plant. The Lower Mine expansion will utilize long hole stoping with paste backfill feeding a new 4,000 tpd processing plant. A 2022 PFS outlines a combined 5,250 tpd operation over a 20-year mine life.