Allied Gold Corporation reports preliminary Q2 2026 operating results, with 97,429 gold ounces produced and first‑half 2026 production of 193,445 ounces, in line with plans and a 7% increase over the comparable quarter in 2025. Production from existing mines is tracking 2026 guidance of 385,000–425,000 ounces, with volumes weighted to the second half.
All‑in Sustaining Costs are expected to be below $2,200/oz, versus realized spot prices of about $4,380/oz, supporting strong margins and cash flows. Estimated cash at June 30 was $190 million, after growth capital spending mainly at the Kurmuk Mine. Kurmuk is on budget and schedule for an August start‑up, targeting 240,000–270,000 ounces in 2027 and roughly 300,000 ounces in 2028 at industry‑leading costs. At the Côte d’Ivoire Complex, Agbaou’s Proven and Probable Reserves have risen more than 60% versus year‑end 2025, extending mine life to 2030 and supporting a goal of at least 200,000 ounces per year for over 10 years. Directors have indicated an intention to buy additional shares in the market, and operations across host nations continue without disruption despite reported security concerns.
Allied Gold Corporation has terminated its previously announced Arrangement Agreement with Zijin Gold International after both parties concluded that the conditions to complete the transaction could not reasonably be satisfied by the July 29, 2026 Outside Date or within a reasonable time thereafter.
Concurrently, Zijin Gold agreed to a US$295 million strategic equity investment in Allied via a non-brokered private placement of approximately 12.8 million common shares at C$32.55 per share, equal to the 30‑day TSX VWAP and at a premium to the current market price. Gross proceeds are approximately C$417 million, and Zijin Gold is expected to hold about 9.2% of Allied’s outstanding shares on closing, which is anticipated on or about August 10, 2026, subject to TSX and NYSE approval. Net proceeds are expected to fund growth initiatives including Kurmuk’s completion and ramp‑up, phased expansion at Sadiola, production increases at the CDI Complex, and exploration across the portfolio.
Allied Gold Corporation circulates detailed information for its 2026 annual general meeting of shareholders, scheduled as a virtual-only event on August 7, 2026. Holders of common shares at the July 7, 2026 record date may vote one share per vote.
Business includes receiving the audited 2025 financial statements, electing 10 directors, and reappointing KPMG LLP as external auditors with directors authorized to set their remuneration. The company notes a pending Plan of Arrangement with Zijin Gold International Company Limited; if this transaction closes on or about August 7, 2026, the meeting will be cancelled.
There were 126,547,893 common shares outstanding as of June 15, 2026, with management and the board jointly holding 20,372,592 shares, or 16%. The board is majority independent, all directors and named executives meet rigorous share ownership guidelines, and equity incentives include 2,354,498 options and 3,317,468 RSUs outstanding under shareholder‑approved plans.
Allied Gold filed a Form 6-K highlighting operational progress across its African portfolio while it and Zijin Gold remain committed to completing their previously announced Arrangement by the extended outside date of July 29, 2026.
At the Côte d’Ivoire CDI Complex, an updated integrated mine plan extends Bonikro’s mine life to 2036, targeting average production of over 120,000 ounces of gold per year based on 2025 Proven and Probable Mineral Reserves. Management aims for consolidated CDI output of about 200,000 ounces per year for at least ten years, supported by mine life extension work at Agbaou and ongoing exploration at Oumé and Ditula.
The Kurmuk project in Ethiopia remains on schedule and on budget, has entered pre-commissioning, and is expected to deliver first gold in mid‑2026, with planned average production of roughly 290,000 ounces per year in its first four years and 240,000 ounces per year over its life. In Mali, Sadiola is operating normally, with second‑quarter production expected at about 50,000 ounces and a longer‑term objective of sustaining 200,000–230,000 ounces per year through processing optimizations, recovery improvements, and staged throughput expansions.
Allied Gold Corp reports progress on its proposed arrangement under which Zijin Gold International plans to acquire all issued and outstanding Allied Gold common shares. Zijin Gold has received approval under the Investment Canada Act, completing the Canadian approval process for this transaction.
The transaction has also obtained merger clearance from the ECOWAS Regional Competition Authority and the COMESA Competition and Consumer Commission, while additional African host-country approvals have been sought and are described as obtained or at advanced stages. The companies are implementing agreed amendments to the credit facility referenced in the arrangement agreement.
Completion of the deal remains subject to outstanding regulatory approvals and remaining closing conditions under the arrangement agreement. To allow more time, the defined Outside Date for closing has been extended to July 29, 2026, with any further extension requiring mutual agreement.
Allied Gold Corporation filed a Form 6-K detailing 2025 compensation for directors and named executive officers. Independent directors receive annual retainers ranging from $185,000 to $207,500, plus fees for additional meetings and mine visits, and a one-time 2025 grant of stock options and DSUs to recognize expanded responsibilities.
The CEO, Peter Marrone, received $10.8 million in total 2025 compensation, including a $927,000 salary, a $3.0 million cash bonus and $6.1 million in share-based awards. Other NEOs received sizable bonuses and RSU grants, backed by detailed performance scorecards, retirement plan contributions equal to 15% of salary and bonus, and significant severance and change-of-control protections tied to salary and historical bonuses.
Allied Gold reported a Q1 2026 net loss of $58.3 million or $(0.47) per share, mainly due to non-cash items, while generating adjusted earnings of $48.6 million or $0.39 per share. Revenue rose to $394.1 million as gold production increased 14% year over year to 96,016 ounces, with all-in sustaining costs of $2,264 per ounce in line with plan. Operating cash flow before working capital strengthened to $162.7 million, and the company ended the quarter with $424.2 million in cash. Kurmuk construction remained on schedule toward first gold in mid‑2026, targeting average output of 290,000 ounces per year for the first four years at AISC below $950 per ounce. Allied also advanced its previously announced transaction under which Zijin Gold will acquire all outstanding shares for C$44 per share in cash, valuing the deal at approximately C$5.5 billion, with all shareholder and court approvals obtained and an outside closing date of May 29, 2026.
Allied Gold reported strong first-quarter 2026 operating performance while progressing its sale to Zijin Gold. Gold production rose to 96,016 ounces from 84,040, driven mainly by higher output at Bonikro and Agbaou. Revenue reached $394.1 million, supported by a sharp increase in realized gold prices, although unit costs also rose, with all-in sustaining costs averaging $2,264 per ounce.
The company generated net cash from operating activities of $57.3 million, with operating cash flow before working capital of $162.7 million, and ended the quarter with $424.2 million in cash and cash equivalents and an undrawn $50.0 million revolving facility. Reported net loss attributable to shareholders was $58.3 million (loss of $0.47 per share), largely driven by non-cash items, while Adjusted Net Earnings were $48.6 million ($0.39 per share) and Adjusted EBITDA was $173.3 million, highlighting strong underlying cash generation.
Operationally, Bonikro delivered standout results after prior years of heavy stripping, and Sadiola’s Phase 1 expansion ramp-up continued, with plans to exceed 200,000 ounces in 2026 and a staged expansion toward 9 Mt/y of throughput. Construction of the Kurmuk project in Ethiopia is tracking to first gold in mid‑2026, with targeted long-term AISC below $950 per ounce and an expanded processing capacity of up to 6.4 Mt/y.
Strategically, Allied is advancing a court-approved plan of arrangement under which Zijin Gold will acquire all shares for C$44 in cash, valuing the transaction at approximately C$5.5 billion. All required shareholder and court approvals have been obtained, and both parties are working with regulators toward closing by the outside date of May 29, 2026, subject to extensions under the agreement.
The Goldman Sachs Group, Inc. filed Amendment No. 1 to a Schedule 13G reporting beneficial ownership in ALLIED GOLD CORPORATION common stock (CUSIP 01921D204). The filing lists 9,876,754.32 shares as shared voting and shared dispositive power, representing 7.8% of the class as reported.
The filing is a joint submission with Goldman Sachs & Co. LLC, identifies Goldman Sachs as a subsidiary reporting unit, and includes Exhibits (99.1) Joint Filing Agreement and (99.2)/(99.3) ownership and Item 4 disclosures. The signature block shows Veronica Mupazviriwo as attorney-in-fact.
Allied Gold Corp ownership update: Helikon Investments Limited and Federico Riggio report beneficial ownership of 12,272,202 common shares. The filing states this amount against an aggregate of 115,379,216 shares outstanding. The filing is a joint Schedule 13G/A, signed May 7, 2026.