Earnings ·
Allied Gold reports Q3 adjusted net earnings of $49.3M as Kurmuk mine begins production
AAUCAllied Gold Corp
Allied Gold Corporation reported third-quarter 2026 adjusted net earnings attributable to shareholders of $49.3 million, or $0.37 per share, compared to a loss in the prior year period. The company produced 91,195 gold ounces and sold 92,532 ounces, with consolidated cash costs at $2,181 per ounce and all-in sustaining costs (AISC) of $2,378 per ounce. Revenue reached $358.1 million, driven by higher realized gold prices averaging $3,863 per ounce. The Kurmuk Mine in Ethiopia commenced production during the quarter after commissioning activities began earlier in the period. Additionally, the company announced plans to launch a normal course issuer bid to repurchase up to 10% of its public float and intends to initiate a base dividend in 2027. Allied Gold operates gold mines across Côte d'Ivoire, Mali, and Ethiopia.