GS Group and Goldman Sachs & Co. Report Joint 6.4% Holding in AAUC

Rhea-AI Filing Summary

The Goldman Sachs Group, Inc. and Goldman Sachs & Co. LLC filed a joint Schedule 13G reporting beneficial ownership of 7,524,024 common shares of Allied Gold Corporation (CUSIP 01921D204), representing 6.4% of the class. Both reporting persons disclose shared voting power and shared dispositive power of 7,524,024 shares and report no sole voting or dispositive power.

Exhibits include a joint filing agreement and an Item 7 disclosure that the securities are held by Goldman Sachs & Co. LLC, a broker-dealer and registered investment adviser and subsidiary of the parent holding company. The filing includes a certification that the shares are held in the ordinary course of business and not to influence control.

Positive

• Beneficial ownership disclosed: 7,524,024 shares (6.4% of the class), meeting Schedule 13G materiality thresholds
• Clear power allocation: both reporting persons disclose shared voting and shared dispositive power and no sole control
• Supporting exhibits: joint filing agreement (Exhibit 99.1) and Item 7 disclosure (Exhibit 99.2) clarify parent/subsidiary ownership and roles

Negative

• None.

Insights

Financial Analyst

TL;DR: Goldman Sachs reports a 6.4% beneficial stake (7,524,024 shares) in Allied Gold; ownership is shared, not sole — neutral disclosure.

The Schedule 13G shows a material passive stake above the 5% threshold, which requires public disclosure. The filing reports 7,524,024 shares (6.4%) and explicitly notes shared voting and dispositive power with no sole control. Item 10 includes a certification that the position is held in the ordinary course of business and not to influence control. Impact for investors is informational; there is no explicit indication of an active control intention.

Corporate Governance Expert

TL;DR: Joint 13G and exhibits indicate passive ownership by a parent and its broker-dealer subsidiary, limiting immediate governance implications.

Exhibit 99.1 is a joint filing agreement and Exhibit 99.2 clarifies that Goldman Sachs & Co. LLC, a registered broker-dealer and investment adviser, is the subsidiary through which the securities are held or may be deemed held. Reporting person classifications on the cover pages identify the parent as HC/CO and the subsidiary as BD/OO/IA, consistent with a parent-subsidiary disclosure structure. This filing documents ownership and internal allocation of voting/dispositive authority but does not assert a control purpose.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

ALLIED GOLD CORPORATION

(Name of Issuer)

Common Shares, par value $0.00 per share

(Title of Class of Securities)

01921D204

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 01921D204

1

Names of Reporting Persons

THE GOLDMAN SACHS GROUP, INC.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 7,524,024.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 7,524,024.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

7,524,024.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.4 %

12

Type of Reporting Person (See Instructions)

HC, CO

SCHEDULE 13G

CUSIP No. 01921D204

1

Names of Reporting Persons

GOLDMAN SACHS & CO. LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

NEW YORK

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 7,524,024.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 7,524,024.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

7,524,024.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.4 %

12

Type of Reporting Person (See Instructions)

BD, OO, IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: ALLIED GOLD CORPORATION
(b)	Address of issuer's principal executive offices: Royal Bank Plaza, North Tower, 200 Bay Street, Suite 2200, A6,M5J 2J3
Item 2.
(a)	Name of person filing: THE GOLDMAN SACHS GROUP, INC.| GOLDMAN SACHS & CO. LLC
(b)	Address or principal business office or, if none, residence: The Goldman Sachs Group, Inc. 200 West Street New York, NY 10282| Goldman Sachs & Co. LLC 200 West Street New York, NY 10282
(c)	Citizenship: THE GOLDMAN SACHS GROUP, INC. - Delaware| GOLDMAN SACHS & CO. LLC - New York
(d)	Title of class of securities: Common Shares, par value $0.00 per share
(e)	CUSIP No.: 01921D204
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: See the response(s) to Item 9 on the attached cover page(s).
(b)	Percent of class: See the response(s)to Item 11 on the attached cover page(s).
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: See the response(s) to Item 5 on the attached cover page(s).
	(ii) Shared power to vote or to direct the vote: See the response(s) to Item 6 on the attached cover page(s).
	(iii) Sole power to dispose or to direct the disposition of: See the response(s) to Item 7 on the attached cover page(s).
	(iv) Shared power to dispose or to direct the disposition of: See the response(s) to Item 8 on the attached cover page(s).
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. See Exhibit (99.2)
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

THE GOLDMAN SACHS GROUP, INC.

Signature:	Name: AMEEN SOETAN
Name/Title:	Attorney-in-fact
Date:	07/17/2025

GOLDMAN SACHS & CO. LLC

Signature:	Name: AMEEN SOETAN
Name/Title:	Attorney-in-fact
Date:	07/17/2025

Exhibit Information

EXHIBIT (99.1) JOINT FILING AGREEMENT In accordance with Rule 13d-1(k)(1) promulgated under the Securities Exchange Act of 1934, the undersigned agree to the joint filing of a Statement on Schedule 13G (including any and all amendments thereto) with respect to the Common Shares, par value $0.00 per share, of ALLIED GOLD CORPORATION and further agree to the filing of this agreement as an Exhibit thereto. In addition, each party to this Agreement expressly authorizes each other party to this Agreement to file on its behalf any and all amendments to such Statement on Schedule 13G. Date: 07/17/2025 THE GOLDMAN SACHS GROUP, INC. By:/s/ AMEEN SOETAN ---------------------------------------- Name: AMEEN SOETAN Title: Attorney-in-fact GOLDMAN SACHS & CO. LLC By:/s/ AMEEN SOETAN ---------------------------------------- Name: AMEEN SOETAN Title: Attorney-in-fact EXHIBIT (99.2) ITEM 7 INFORMATION The securities being reported on by The Goldman Sachs Group, Inc. ("GS Group"), as a parent holding company, are owned, or may be deemed to be beneficially owned, by Goldman Sachs & Co. LLC ("Goldman Sachs"), a broker or dealer registered under Section 15 of the Act and an investment adviser registered under Section 203 of the Investment Advisers Act of 1940. Goldman Sachs is a subsidiary of GS Group.

FAQ

How many Allied Gold (AAUC) shares does Goldman Sachs report owning?

The filing reports beneficial ownership of 7,524,024 shares, representing 6.4% of Allied Gold's common shares.

Does Goldman Sachs have voting or dispositive power over these AAUC shares?

Both reporting persons state 0 sole voting power and 0 sole dispositive power, and report 7,524,024 shared voting power and 7,524,024 shared dispositive power.

Is this a joint filing by multiple Goldman Sachs entities for AAUC?

Yes. The filing is joint between The Goldman Sachs Group, Inc. and Goldman Sachs & Co. LLC, and includes a joint filing agreement (Exhibit 99.1).

Was the AAUC position acquired to influence company control?

The certification in Item 10 states the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control.

Which Goldman Sachs entity holds or may be deemed to hold the AAUC securities?

Exhibit 99.2 indicates the securities are owned or may be deemed owned by Goldman Sachs & Co. LLC, a subsidiary of The Goldman Sachs Group, Inc., and identifies it as a registered broker-dealer and investment adviser.