Welcome to our dedicated page for Allied Gold news (Ticker: AAUC), a resource for investors and traders seeking the latest updates and insights on Allied Gold stock.
Allied Gold Corporation reports developments as a Canadian-based gold producer with producing assets and development projects in Côte d'Ivoire, Mali, and Ethiopia. Company news centers on gold production, cost and cash-flow commentary, operating guidance, and updates to Mineral Reserves and Mineral Resources across assets such as Sadiola, Agbaou, Bonikro, and Kurmuk.
Recurring updates also cover mine expansion work, ore processing capacity, exploration programs, project development, capital-structure matters, material agreements, shareholder voting, and governance disclosures. The company's releases often connect operating performance with development activity across its African gold portfolio.
Allied Gold (AAUC) reports key commissioning milestones at its Kurmuk Mine in Ethiopia as the project advances toward commercial operations.
The 88-kilometre, 132-kV power line to the national grid has been commissioned and energized, supplying power under a 20-year agreement at approximately US$0.04 per kilowatt-hour. First ore has been fed through the crushing circuit, with handover to the operations team underway, and ore introduction to the grinding circuit and first gold expected soon after. Mining is progressing with about one million tonnes of ore stockpiled, targeted to reach nearly 1.5 million tonnes, or three months of plant feed, ahead of full circuit commissioning.
Allied Gold (TSX/NYSE: AAUC) has appointed Joanna Pearson as an independent director to its Board, effective immediately. Pearson brings over 25 years of international experience in financial reporting, risk management and strategic financial transformation in the mining sector, including prior CFO and audit partner roles.
To accommodate the appointment within Board size limits, Daniel Racine has stepped down as director and will continue as an emeritus director, providing ongoing support and advice. Allied Gold operates gold assets and development projects in Côte d'Ivoire, Mali and Ethiopia.
Allied Gold (TSX/NYSE: AAUC) closed its previously announced strategic investment from Zijin Gold International via a non-brokered private placement of 12,800,000 common shares at C$32.55 per share, raising gross proceeds of C$416,640,000.
According to Allied Gold, net proceeds will support growth initiatives including Kurmuk completion and ramp-up, phased Sadiola expansion, production increases at the CDI Complex, and exploration across its portfolio. Zijin Gold now owns about 9.2% of Allied’s outstanding common shares, with participation and top-up rights to maintain its pro rata interest until its ownership falls below 5% on a non-diluted basis. The new shares are subject to a hold period until December 11, 2026, and the Chairman, CEO, and Vice Chairman have agreed to parallel lock-up commitments.
Allied Gold (TSX/NYSE: AAUC) reported the voting results from its August 7, 2026 annual meeting of shareholders covering director elections and auditor appointment. All ten nominated directors were elected, with support ranging from 76.02% (Jane Sadowsky) to 97.60% (Peter Marrone), and individual “for” votes between about 56.6 million and 72.6 million.
Shareholders also approved the appointment of KPMG LLP as auditors, with 70,657,367 votes for (94.94%) and 3,763,033 votes withheld (5.06%). Allied Gold highlighted its portfolio of producing and development gold assets in Côte d'Ivoire, Mali, and Ethiopia.
Allied Gold (TSX/NYSE: AAUC) reported Q2 2026 net earnings of $37.2 million ($0.29 basic EPS) and adjusted earnings of $55.4 million. EBITDA was $165.0 million (adjusted $166.9 million). The Company produced 97,429 oz of gold, up 7% year over year, with sales of 93,970 oz and consolidated AISC of $2,192/oz, down from $2,343/oz in Q2 2025.
As of June 30, 2026, cash and equivalents were $192.2 million, after $158.9 million of expansionary capex (mainly Kurmuk) and $129.7 million of cash taxes. Allied reaffirmed 2026 production guidance for existing mines of 385,000–425,000 oz, with H1 output of 193,445 oz.
The Kurmuk Mine remains on budget and on schedule, with operations expected to start in August and first gold a few weeks later. Allied expects Kurmuk to produce 240,000–270,000 oz in 2027 and about 300,000 oz in 2028. A terminated arrangement with Zijin Gold was replaced by a $295 million strategic private placement for ~12.8 million shares at C$32.55, expected to close by August 10, taking Zijin to ~9.2% ownership. At Agbaou, Proven and Probable reserves increased over 60%, extending mine life to 2030. No significant environmental incidents were reported in Q2; TRIR was 1.46 and LTIR 0.29.
Allied Gold (TSX/NYSE: AAUC) reported preliminary operating results for Q2 2026, with production of 97,429 oz of gold and H1 2026 production of 193,445 oz, in line with guidance. All-in sustaining costs (AISC) for the quarter are expected to be below $2,200/oz, supported by higher production, mine sequencing and operational improvements.
The realized gold price for spot sales was about $4,380/oz, and cash at June 30, 2026 was approximately $190 million, after growth capex for the Kurmuk Mine, taxes and working capital. Kurmuk remains on budget and on schedule, with operations expected to start in August 2026 and first gold a few weeks later. Allied targets Kurmuk production of 240,000–270,000 oz in 2027 and about 300,000 oz in 2028 at industry-leading costs, and expects the mine to average roughly 290,000 oz/year over the first four years.
Bonikro and Sadiola both increased output, Agbaou’s mine life was extended to 2030 after a 60% increase in Proven and Probable Reserves, and pro forma liquidity is expected to be strengthened by a strategic investment from Zijin Gold.
Allied Gold (TSX/NYSE: AAUC) terminated its previously announced arrangement agreement with Zijin Gold after both parties concluded closing conditions could not be satisfied by the July 29, 2026 outside date or within a reasonable time.
Concurrently, Zijin Gold agreed to a non-brokered private placement of approximately 12.8 million Allied common shares at C$32.55 per share, equal to the 30-day VWAP and at a premium to the current market price, for gross proceeds of about US$295 million (approximately C$417 million). On completion, Zijin Gold is expected to hold roughly 9.2% of Allied’s outstanding shares, subject to TSX and NYSE approvals, with closing targeted on or about August 10, 2026.
According to Allied Gold, net proceeds will fund growth initiatives including the Kurmuk mine completion and ramp-up, phased expansion of Sadiola, production increases at the Côte d'Ivoire complex, and exploration, supported by executive lock-up agreements matching Zijin’s four‑month‑and‑one‑day hold period.
Allied Gold (TSX, NYSE: AAUC) reported portfolio progress while working toward completing its Arrangement with Zijin Gold by July 29, 2026. The update highlights extended mine life and higher planned output at the CDI Complex, development milestones at Kurmuk in Ethiopia, and optimization and growth initiatives at Sadiola in Mali.
Bonikro’s integrated plan extends mine life to 2036 with about 120,000 gold ounces per year, supporting a CDI Complex production target of roughly 200,000 ounces annually for at least ten years, alongside strong advancement at Kurmuk and ongoing optimization at Sadiola.
Allied Gold (TSX/NYSE: AAUC) reported progress on its proposed arrangement with Zijin Gold International. Zijin has received Investment Canada Act approval, completing Canadian approvals, and obtained merger clearances from ECOWAS and COMESA. Remaining regulatory approvals are pending, and the Outside Date was extended to July 29, 2026.
Allied Gold (TSX/NYSE: AAUC) reported Q1 2026 gold production of 96,016 oz, up 14% year-over-year, with AISC of $2,264/oz. The quarter showed a net loss of $58.3M (−$0.47/share) but adjusted earnings of $48.6M ($0.39/share), operating cash flow of $57.3M and Adjusted EBITDA of $173.3M. Cash and equivalents reached $424.2M. Kurmuk project execution and Sadiola Phase 1 ramp-up advanced toward expected mid‑2026 first gold at Kurmuk. Zijin Gold agreed to acquire Allied for C$44 per share in cash, valuing the transaction at about C$5.5B, with an outside closing date of May 29, 2026, subject to remaining regulatory approvals. TRIR was 1.80 and LTIR 0.45, with no significant environmental incidents.