All of the Company’s principal properties are located in the Americas. Details of the Company’s wholly owned principal properties and material subsidiaries as at December 31, 2025 are as follows:

Ownership interest in subsidiary

Location

Principal property

Principal activity

Subsidiary

Premier Gold Mines Hardrock Inc. and PAG Holding Corp.

100

Canada

Greenstone(1)

Production

Marathon Gold Corporation (“Marathon”)

100

Canada

Valentine Gold Mine

(“Valentine”)(2)

Production

Western Mesquite Mines, Inc.

100

USA

Mesquite Mine (“Mesquite”)

Production

Desarrollo Minero de Nicaragua S.A.

100

Nicaragua

La Libertad Mine Complex
(“La Libertad”)

Production

Triton Minera S.A.

100

Nicaragua

El Limon Mine Complex (“El Limon”)

Production

Mineração Aurizona S.A. (“MASA”), Santa Luz Desenvolvimento Mineral Ltda and Mineração Riacho Dos Machados Ltda

100

Brazil

Brazil Operations

Discontinued operations

Castle Mountain Ventures

100

USA

Castle Mountain Mine

(“Castle Mountain”)(3)

Development

Desarollos Mineros San Luis S.A. de C.V. (“DMSL”)

100

Mexico

Los Filos Mine Complex

(“Los Filos”)(4)

Development

(1) Greenstone reached commercial production, which is the point at which the mine is capable of operating in the manner intended by the Company’s management, in November 2024 (note 10(b)).

(3) In August 2024, the Company suspended mining at Castle Mountain and classified the mine as a development project for the duration of the permitting period for the mine’s phase 2 project.