Financing ·
Allied Gold Corporation reported Q2 2026 production of 97,429 gold ounces and sales of 93,970 ounces, with…
AAUCAllied Gold Corp
Allied Gold Corporation reported Q2 2026 production of 97,429 gold ounces and sales of 93,970 ounces, with consolidated cash costs of $1,923 per ounce sold. The company achieved Adjusted Net Earnings of $55.4 million ($0.44 per share) for the quarter. Concurrently, Allied announced a strategic transaction where Zijin Gold agreed to invest approximately $295 million (C$417 million) via a non-brokered private placement of 12.8 million common shares at C$32.55 per share, subject to closing conditions expected by August 10, 2026. This investment follows the termination of a previous arrangement agreement with Zijin Gold and is intended to fund growth initiatives including the Kurmuk Mine start-up in Ethiopia, which targets production commencement in August 2026. Allied Gold operates as an emerging senior gold producer with assets in Mali, Côte d’Ivoire, and Ethiopia.