Allied Gold Corp Stock Price, News & Analysis

Allied Gold Corporation (AAUCF) has announced a 1-for-3 share consolidation in preparation for its planned listing on the New York Stock Exchange (NYSE). The consolidation, approved by shareholders and conditionally approved by the Toronto Stock Exchange (TSX), will become effective on May 19, 2025, with post-consolidation shares beginning trading on the TSX around May 22, 2025.

Following the consolidation, Allied's outstanding shares will reduce from 346,137,648 to approximately 115,379,216. The company expects to commence trading on the NYSE by mid-June 2025. The consolidation will proportionally adjust all convertible securities, and no fractional shares will be issued. The post-consolidation shares will continue trading on TSX under symbol "AAUC" with new CUSIP and ISIN numbers.

Allied Gold Corporation (AAUCF) held its annual and special meeting of shareholders on May 8, 2025, where several key matters were voted upon. The meeting resulted in the successful election of all ten board directors, with approval rates ranging from 93.23% to 99.90%. John Begeman received the highest approval at 99.90%, while Jane Sadowsky received 93.23% of votes.

Shareholders also approved the appointment of KPMG LLP as auditors with an overwhelming 99.99% of votes in favor. Additionally, a significant share consolidation proposal was approved with 99.89% of shareholders voting in support, representing 188,778,609 votes for and 212,334 votes against.

Allied Gold Corporation (TSX: AAUC) reported Q1 2025 results with gold production of 84,040 ounces and sales of 131,520 ounces. The company achieved net earnings of $15.1 million ($0.05/share) and adjusted earnings of $45.1 million ($0.14/share). Key financial metrics include operating cash flow of $121.1 million and EBITDA of $103.2 million. The company maintains a strong balance sheet with $232.3 million in cash, further enhanced by a $66.8 million bought deal offering. Production across assets included Sadiola (45,232 oz), Bonikro (19,671 oz), and Agbaou (19,137 oz). AISC was $1,811/oz, with gold selling at an average of $2,814/oz. The company is advancing key growth projects including the Kurmuk Project (targeted for mid-2026) and Sadiola's phased expansion. Allied is pursuing NYSE listing under ticker "AAUC" expected by mid-June 2025.

Allied Gold (TSX: AAUC, OTCQX: AAUCF) has announced it will release its first quarter 2025 operational and financial results after market close on May 7, 2025. The company will host a conference call and webcast to discuss the results on May 8, 2025 at 8:30 a.m. EST.

Additionally, Allied Gold will hold its Annual General and Special Meeting of Shareholders on May 8, 2025, at 11:00 a.m. Toronto time. The meeting will take place at the Conservatory Gallery, 16th Floor, 150 King Street West, Toronto, and will also be available via webcast.

Allied Gold (TSX: AAUC, OTCQX: AAUCF) has announced it will not proceed with the previously announced private placement with Ambrosia Investment Holding, as certain conditions were not met. The company opted not to extend the $3.40 price protection period, citing increased gold prices, improved share price, and enhanced business outlook.

Ambrosia remains interested in continuing discussions for a joint venture and long-term power supply arrangement for the Sadiola mine in Mali, independent of the private placement. The company's first phase expansion at Sadiola is progressing on budget and schedule for completion later this year, with a second phase planned afterward.

Additionally, Allied has been cleared by the NYSE to file its formal listing application, with expectations to list under the ticker 'AAUC' by early Q3 2025. The NYSE listing aims to provide broader investor access, increased capital sources, improved trading liquidity, and enhanced U.S. research coverage.

Allied Gold (AAUCF) reported its Q4 and full-year 2024 results, achieving record quarterly production of 99,632 ounces of gold, leading to full-year production of 358,090 ounces, a 4% increase from the previous year. The company reported Q4 costs with total cost of sales at $1,773/oz, cash costs at $1,589/oz, and adjusted AISC at $1,708/oz.

Key financial metrics include a Q4 net loss of $10.3 million (-$0.03/share), adjusted earnings of $9.5 million ($0.03/share), and operating cash flows of $49.6 million. The company held $225 million in cash as of December 31, 2024.

Strategic initiatives included:

• Completion of a $161.6 million equity offering
• Securing a $250 million Kurmuk funding package
• Advancing the Sadiola phased expansion project
• Planning NYSE listing for Q3 2025

For 2025, Allied projects gold production of 375,000-400,000 ounces with AISC guidance of $1,690-$1,790 per ounce.

Allied Gold has announced a strategic partnership with UAE-based Ambrosia Investment Holding, involving transactions valued at over US$500 million. The deal includes selling 50% of Allied's interest in its Mali operations for US$145 million in cash plus US$230 million in deferred consideration, creating a 50:50 joint venture while Allied remains the operator of the Sadiola mine.

The partnership also includes implementation of a renewable power solution by ATGC and a private placement where Ambrosia will acquire approximately 12% of Allied's shares for CDN$156.5 million, with intentions to increase ownership to 19% through market purchases.

This transaction strengthens Allied's balance sheet, supporting its growth plans including the Kurmuk project in Ethiopia (expected to produce 290,000 gold ounces annually in its first 4 years starting mid-2026) and the phased expansion at Sadiola (targeting production increases from 170,000 ounces in 2023 to eventually 400,000 ounces annually). The partnership leverages Ambrosia's regional expertise in Africa and Allied's operational capabilities to enhance shareholder value.

Allied Gold has announced its 2025 guidance, projecting gold production of 375,000-400,000 ounces with mine-site AISC between US$1,690-1,790 per ounce. The company expects production to be back-half weighted with a 45%/55% split.

Key developments include: Kurmuk project advancing with US$280 million capital expenditure in 2025 and first gold planned for H1 2026; Sadiola's first phase expansion progressing with US$70 million investment in 2025, targeting 200,000-230,000 ounces annually in medium term; Bonikro allocating US$60 million for production stripping.

The company reported Proven and Probable Mineral Reserves of 10.8 million ounces (237 million tonnes at 1.42 g/t), and Measured and Indicated Resources of 15.7 million ounces (327 million tonnes at 1.49 g/t) as of December 31, 2024.

Allied Gold (AAUCF) reported record Q4 2024 gold production of 99,632 ounces, marking a 16% increase over the average of previous quarters. The production was driven by Sadiola Mine (54,210 ounces) and CDI Complex (45,422 ounces). The company's All-in Sustaining Costs (AISC) improved from Q3, expected to be not more than $1,780 per gold ounce sold.

Cash balances, including year-end cash and post-year-end Korali gold sales proceeds, are expected to exceed $340 million. The Kurmuk project construction and Sadiola Phase 1 expansion remain on time and budget. The company is in discussions with SOREM for potential mining opportunities in Mali. The 2023 mining code is expected to impact Sadiola costs by $240-300/oz, with higher impact on Korali operations.