Allied Gold Corp
TSX:AAUC
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Allied Gold Corp
Allied Gold Corp is a CA-based company operating in Metals & Mining industry. The company is headquartered in Toronto, Ontario. The company went IPO on 2023-09-11. Allied Gold Corporation is a Canada-based senior gold producer. The firm has a portfolio of three operating gold mines, a gold development project and exploration properties throughout Africa, principally in Mali, Cote d’Ivoire and Ethiopia. Its properties include Sadiola gold mine, Kurmuk Project, Bonikro Mine, Agbaou Mine and El Fawakheir Property. The Sadiola Mine is an operating open pit gold mine located 77 km south of the regional city of Kayes. The Kurmuk Project is located in western Ethiopia, approximately 750 km west-northwest of the capital city of Addis Ababa. The Bonikro Mine is an operating gold mine located 100 km by road south of the capital city of Cote d’Ivoire, Yamoussoukro, in the Goh-Djiboua District of Cote d’Ivoire in West Africa. Agbaou Mine is located 100 km by road south of the capital Yamoussoukro, in the Goh-Djiboua District of Cote d'Ivoire in West Africa. El Fawakheir Property is located in the Central Eastern Desert of Egypt, 500 km southeast of Cairo.
Allied Gold Corp is a CA-based company operating in Metals & Mining industry. The company is headquartered in Toronto, Ontario. The company went IPO on 2023-09-11. Allied Gold Corporation is a Canada-based senior gold producer. The firm has a portfolio of three operating gold mines, a gold development project and exploration properties throughout Africa, principally in Mali, Cote d’Ivoire and Ethiopia. Its properties include Sadiola gold mine, Kurmuk Project, Bonikro Mine, Agbaou Mine and El Fawakheir Property. The Sadiola Mine is an operating open pit gold mine located 77 km south of the regional city of Kayes. The Kurmuk Project is located in western Ethiopia, approximately 750 km west-northwest of the capital city of Addis Ababa. The Bonikro Mine is an operating gold mine located 100 km by road south of the capital city of Cote d’Ivoire, Yamoussoukro, in the Goh-Djiboua District of Cote d’Ivoire in West Africa. Agbaou Mine is located 100 km by road south of the capital Yamoussoukro, in the Goh-Djiboua District of Cote d'Ivoire in West Africa. El Fawakheir Property is located in the Central Eastern Desert of Egypt, 500 km southeast of Cairo.
Solid Q3 Results: Allied Gold delivered strong Q3 production and financial performance, with adjusted EBITDA near $110 million and operating cash flow just under $200 million.
Production Momentum: Q3 gold production was over 87,000 ounces, setting up for a stronger Q4 with Sadiola and Bonikro output expected up to 40% higher quarter-over-quarter.
Cost Improvement: All-in sustaining costs fell 11% from Q2 to $2,092 per ounce, with further cost reductions expected in Q4.
Strong Liquidity: Ended Q3 with a cash balance of $262 million, supporting growth projects and operational flexibility.
Project Progress: Sadiola Phase 1 expansion is on track for December completion; Kurmuk development advancing for first gold by mid-2026.
2025 Guidance Maintained: Management reiterated 2025 production guidance above 375,000 ounces and targets 100,000 ounces per quarter at lower costs.
Exploration Success: Noted robust exploration at Sadiola with potential to add 3.5 million ounces in 5 years and mine life extensions under review at Agbaou and Bonikro.
Stable Operations in Mali: Despite fuel supply headlines, management emphasized business as usual with no mining disruptions.
