Q1 2026 production results

Solidcore Resources plc (“Solidcore” or the “Company”) announces production results for the first quarter, ended 31 March 2026.

HIGHLIGHTS

• No fatal accidents among the Company’s employees and contractors occurred in Q1 2026. No lost time injuries were recorded.
• Gold equivalent (GE) production for Q1 2026 reached 125 Koz, representing an 84% year-on-year (y-o-y) increase driven by the recovery of the concentrate processing at third-party POX, as well as the commencement of concentrate processing at the Kazakhmys smelter.
• Mine level metal output was on par with production at 123 Koz though 8% lower y-o-y due to a planned lower gold grade at Kyzyl as the mine is gradually shifting to underground mining works.
• GE sales were up by 222% y-o-y to 123 Koz on the back of stabilising production and processing at a third-party POX.
• Revenue for the reporting quarter increased to US$ 595 million driven by sales recovery and higher gold prices.
• Net cash stood at US$ 699 million compared with US$ 461 million at the end of 2025. The increase reflects positive free cash flow from operations supported by the release of accumulated inventory.
• At Ertis POX, Hatch basic engineering has been completed and project documentation submitted for the state expertise and review. The international Environmental and Social Impact Assessment (ESIA) has been finalised and a draft report published on the Solidcore website for stakeholder feedback.
• The Company reiterates its full-year 2026 guidance: production of c. 540 GE Koz, TCC and AISC within the ranges of US$ 1,350-1,550/oz and US$ 1,850-2,050/oz, respectively.

PRODUCTION RESULTS

About Solidcore

Solidcore Resources is a leading gold producer registered in AIFC, Kazakhstan, and listed on Astana International Exchange. Solidcore operates two producing gold mines and a major growth project in Kazakhstan.

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FORWARD-LOOKING STATEMENTS

This release may include statements that are, or may be deemed to be, “forward-looking statements”. These forward-looking statements speak only as at the date of this release. These forward-looking statements can be identified by the use of forward-looking terminology, including the words “targets”, “believes”, “expects”, “aims”, “intends”, “will”, “may”, “anticipates”, “would”, “could” or “should” or similar expressions or, in each case their negative or other variations or by discussion of strategies, plans, objectives, goals, future events or intentions. These forward-looking statements all include matters that are not historical facts. By their nature, such forward-looking statements involve known and unknown risks, uncertainties and other important factors beyond the company’s control that could cause the actual results, performance or achievements of the company to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. Such forward-looking statements are based on numerous assumptions regarding the company’s present and future business strategies and the environment in which the company will operate in the future. Forward-looking statements are not guarantees of future performance. There are many factors that could cause the company’s actual results, performance or achievements to differ materially from those expressed in such forward-looking statements. The company expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statements contained herein to reflect any change in the company’s expectations with regard thereto or any change in events, conditions or circumstances on which any such statements are based.