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) reported third-quarter net earnings of $29.1 million and began production at its Kurmuk mine following commissioning work. Earnings were $0.22 per basic share and $0.20 per diluted share. Gold production rose 5% year over year to 91,195 ounces, with all-in sustaining costs of $2,378 per ounce sold. Operating cash flow was $12.3 million, and September 30 cash was $379.1 million.
The company expects 2026 production of 400,000–435,000 ounces, including Kurmuk, and 615,000–670,000 ounces in 2027. The Côte d’Ivoire complex produced 48,904 ounces in the quarter, up 9% year over year. Allied is considering a base dividend starting in 2027 and a buyback of up to 10% of public float, subject to TSX approval. An approximately $295 million Zijin Gold private placement closed August 10, issuing approximately 12.8 million shares at C$32.55 each.
Allied Gold (AAUC) has begun wet commissioning at its Kurmuk Mine in Ethiopia as the processing plant approaches first gold production. The crushing circuit is operating, supporting infrastructure is complete, and mill testing is nearing completion. The company expects ore feed this week, with first gold targeted soon thereafter.
Allied expects 25,000 to 35,000 gold ounces during November and December, with commercial production expected in that period. Q1 2027 production is expected at 55,000 to 65,000 gold ounces; 2027 guidance remains 240,000 to 270,000 gold ounces. The 2028 outlook is approximately 300,000 gold ounces. An agreement with local stakeholders, including artisanal miners, enables cooperative exploration into new prospective areas.
Allied Gold (AAUC) reported drilling results supporting potential resource growth and mine-life extensions as commissioning advances at its Kurmuk Mine in Ethiopia. First ore to the grinding circuit is expected imminently, followed shortly by first gold.
Ashashire hole ASDD227 returned 13.86 m at 10.07 grams of gold per tonne, with mineralization remaining open below 425 m. Dish Mountain drilling also extended known zones. The company expects initial mineral resource estimates for Kiftet and Hiccup Hill by the first half of 2027. Kurmuk is planned to produce at least 240,000 gold ounces annually over its mine life, averaging approximately 300,000 annually in the initial four years. Exploration aims to find additional higher-grade material to sustain higher production longer.
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.