In the first quarter of 2026, BASS Gold demonstrated resilience and a strong focus on operational efficiency. The period marked a stage of important changes in management and production processes.

Key indicators for the 1st quarter of 2026:

Production: 15,462.12 tons of ore were mined during the reporting period.

Processing: The volume of refining amounted to 18,230.75 tons, which is 18% higher than the volume of production for the same period.

Sales: Gold sales amounted to 34,989 kg. At current market prices for gold in early 2026, this allowed the company to accumulate a significant amount of cash. In January 2026, the price of gold reached record levels and fluctuated approximately in the range of $4,300–$5,000 per ounce. According to the World Gold Council, based on the LBMA Gold Price, January 2026 was the strongest start to the year for gold since 1980.

- Deloitte has completed the audit of financial statements for 2025 — confirmation of transparency and reliability;

- Appointed CEO Allen R. Wazny;

- New mining equipment has been purchased for the mine: 2 PDMS and 3 dump trucks, which will contribute to an increase in production volumes;

- The third coupon on FPSTb5 bonds has been paid;

- The 6th bond issue has been fully repaid;

- New releases have been successfully posted on KASE: FPSTb7, FPSTb8 and FPSTb9;

- The company's delegation took part in the Prospectors & Developers Association of Canada (PDAC) in Canada, one of the world's largest mining sites.

Thus, the first quarter of 2026 was a period for BASS Gold not only of strong financial growth, but also of strategic transformation. The Company has demonstrated high operational efficiency, sustainable profitability and the ability to adapt to favorable market conditions. Strengthening the management team, confirming transparency through audit and active work in the financial market create a solid foundation for further expansion and strengthening of BASS Gold's position as one of the most effective and reliable players in the gold mining industry in Kazakhstan.

Financial statements

Revenue 2.7 billion tenge

Net profit 1.75 billion tenge

EBITDA 2.2 billion tenge

EBITDA margin 82%

Gold sales ∼35 kg

The average selling price of gold is 75 175 tenge/g

Net cash from operating activities 1.1 billion tenge

Capital expenditures 226 million tenge

We continue to invest in the development of our deposit in the Ulytau region and strengthen our position in the precious metals market of Kazakhstan.

Thank you to our staff and partners for a great start to 2026!