Allied Gold Corp. is pleased to announce that Kurmuk Gold Mine PLC , its subsidiary that owns the Kurmuk Gold Project in Ethiopia, has entered into a definitive Power Purchase Agreement with Ethiopian Electric Power to secure a reliable, competitive, and sustainable energy supply for the Kurmuk Gold Project throughout the life of the mine. This is an important milestone in the project's development, as a steady supply of [...]
Allied Gold Corp. is pleased to announce the closing of its previously announced streaming transaction with Triple Flag International Ltd., a wholly-owned subsidiary of Triple Flag Precious Metals Corp. . Under the terms of the Stream Transaction, Allied has received a US$53 million upfront cash payment and will receive ongoing payments equal to 10% of the spot gold price for a portion of its production. Triple Flag will [...]
Allied Gold Corp. is herein reporting its financial and operational results for the second quarter of 2024. During the quarter, the Company produced 88,135 gold ounces and sold 84,611 oz at total cost of sales, cash costs and all-in sustaining costs per oz sold of $1,547, $1,355, and $1,498, respectively. Importantly, Allied continues to deliver on its sustainable production base at sequentially lower costs, and has made [...]
Allied Gold Corp. is pleased to announce that it has entered into a streaming transaction with Triple Flag International Ltd., a wholly-owned subsidiary of Triple Flag Precious Metals Corp. . Under the terms of the agreement, Allied will receive a US$53 million upfront cash payment and an ongoing payment equal to 10% of the spot gold price. Triple Flag will have the right to purchase 3% of the payable gold produced at [...]
Allied Gold Corp. will release its second quarter 2024 operational and financial results after the market closes on Thursday, August 8, 2024, Eastern Daylight Time . The Company will then host a conference call and webcast to review the results on Friday, August 9, 2024, at 9:00 a.m. EDT. Second Quarter 2024 Conference Call Toll-free dial-in number : 1-800-898-3989 Local dial-in number: 416-406-0743 Toll Free [...]
Allied Gold Corp. has released its 2023 Sustainability Report, outlining how the Company views and integrates sustainability into its business strategy across its operations, projects and offices. Allied is committed to operating responsibly and creating shared value for all stakeholders, with a focus on respecting human rights, enhancing community health and safety, creating employment, development and inclusion [...]
Allied Gold Corp. is pleased to provide an update on the ongoing exploration and development activities at its Kurmuk Project in Ethiopia. Significant exploration results continue to support the high probability of Mineral Reserves and Mineral Resource growth, indicating substantial upside potential. The project, which remains on track for first production in mid-2026, continues to make significant strides in both project [...]
Allied Gold Corp. herein announces the results of the votes held at the annual meeting of shareholders for the election of directors and the appointment of auditors. Detailed results of the votes are presented below. Voting results for the election of directors are as follows: Votes By Poll Outcome of Vote Votes For Votes Withheld John Beardsworth Carried 100,672,763 3,100 John Begeman Carried 100,672,863 3,000 Pierre [...]
Allied Gold Corp. is herein reporting its financial and operational results for the first quarter of 2024. During the quarter, the Company produced 85,177 gold ounces and sold 85,136 oz at total cost of sales, cash costs and all-in sustaining costs per oz sold of $1,614, $1,397, and $1,562, respectively. Importantly, the operating trends and cash flow generation from existing operations during the first quarter have [...]
Allied Gold is pleased to announce positive exploration results from the Tsenge gold prospect, the most advanced of several high quality exploration targets at the Kurmuk Project. These results are part of a program that is expected to significantly increase the Mineral Resources and Mineral Reserves at Kurmuk, aligning with the Company's goal of achieving a minimum of five million ounces of gold in mineral inventories at [...]
Allied Gold is herein reporting its financial and operational results for the fourth quarter and full year 2023. Production during the quarter totaled 94,755 gold ounces with sales of 93,073 oz at total cost of sales, cash costs and all-in sustaining costs per oz sold of $1,634, $1,398, and $1,593, respectively. A progressive increase in the number of ounces produced was observed throughout the year. Production in the [...]
Allied Gold Corp. herein provides its preliminary operating results for 2023, alongside the Company's 2024 operating guidance and medium term outlook, including updates on Mineral Reserves and Mineral Resources. This announcement underscores the significant potential and inherent upside within Allied's asset portfolio, supported by growth and robust, expanding geological endowments across both established and emerging [...]