Financing ·
Allied Gold reported Q2 2026 net earnings of $37.2 million ($0.29 per basic share) and produced 97,429 gold ounces, a…
AAUCAllied Gold Corp
Allied Gold reported Q2 2026 net earnings of $37.2 million ($0.29 per basic share) and produced 97,429 gold ounces, a 7% year-over-year increase. The company announced a strategic investment by Zijin Gold International Company Ltd., which agreed to invest approximately $295 million (C$417 million) via a non-brokered private placement of roughly 12.8 million common shares at C$32.55 per share, following the termination of a prior arrangement agreement. Upon closing on or before August 10, Zijin Gold will hold approximately 9.2% of Allied's shares. Kurmuk Mine operations are expected to start in August with first gold production shortly thereafter. The company operates as a Canadian-based gold producer managing producing assets and development projects in Côte d'Ivoire, Mali, and Ethiopia.