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Allied Gold Corporation (TSX/NYSE: AAUC) has initiated a comprehensive energy program at its Sadiola mine, featuring a phased implementation of power solutions. The program begins with new diesel generators in early 2026, followed by a hybrid power system including photovoltaic plants and battery storage (BESS) in 2027.
The initiative is projected to deliver significant cost reductions: up to 20% initially with the photovoltaic plant and BESS, increasing to up to 45% cost reduction with additional capacity. This translates to a reduction in All-In Sustaining Costs (AISC) of $150-$200 per ounce of gold upon full implementation.
The company has partnered with African Power Services (APS) to provide comprehensive power solutions for the program's initial stages, aiming to ensure reliable, cost-effective, and scalable power supply aligned with the mine's expansion plans.
Allied Gold Corporation (NYSE:AAUC) reported Q2 2025 gold production of 91,017 ounces, an 8.3% increase from the previous quarter. The company is on track to meet its annual guidance, with production expected to be higher in H2 2025, particularly in Q4 with projected 118,000-122,000 ounces.
Key financial metrics include Q2 AISC of $2,343 per ounce, with expected improvement to $1,850 per ounce in H2 2025. The company reported a Q2 net loss of $25.4 million but maintains a strong financial position with $218.6 million in cash and cash equivalents.
Strategic developments include the advancement of the Kurmuk Project (on track for mid-2026 production start) and Sadiola Phase 1 expansion (progressing on schedule and budget). The company has also increased its exploration budget by $17 million to a total of $37 million for the year.
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