Mining Americas (MAI) Corporate presentation summary

Strategic vision and growth trajectory

• Aims to become a leading U.S.-focused intermediate gold producer with peer-leading production growth, targeting an increase from ~35 koz in 2026 to over 150 koz by 2028, representing an 87% CAGR from 2026-2028.

• Maintains a strong balance sheet with $46M cash at Q1 2026 and $30M available on a $75M revolving credit facility, supporting organic growth and project development.

• Growth is funded by cash flow from the Pan mine, with additional upside from Copperstone, Gold Rock, and Cerro de Oro projects.

• Management and insiders have demonstrated commitment with ~$9M in insider buying since October 2025.

Recent achievements and operational milestones

• Closed acquisition of the Pan Operating Complex and completed a 10:1 share consolidation.

• Secured a $75M revolving credit facility and completed debt refinancing.

• Issued 2026 guidance of 32-38 koz gold production at AISC of $1,850-2,000/oz.

• Produced 9,165 oz Au in Q4 2025 and 8,734 oz Au in Q1 2026.

• Updated Pan mine reserves and resources, offsetting three years of mining depletion.

Asset portfolio and project pipeline

• Pan Mine is a producing, open-pit, heap-leach operation in Nevada with 222 koz P&P reserves and 240 koz M&I resources.

• Gold Rock is a fully permitted brownfield project adjacent to Pan, with a 2021 PEA outlining a 6.5-year mine life and average annual production of ~55 koz Au.

• Copperstone project in Arizona has a 2026 PFS with a 6.3-year mine life, 291 koz LOM production, $58M low initial capital, and robust economics at both base and spot gold prices.

• Cerro de Oro in Mexico is a low-capex, open-pit, heap-leach project with an 8.2-year mine life, 477 koz LOM production, and significant exploration upside.