Earnings ·
Allied Gold reports Q3 earnings of $0.22 per share and begins production at Kurmuk Mine
AAUCAllied Gold Corp
Allied Gold reported third-quarter net earnings of $29.1 million, or $0.22 per basic share, driven by a 5% increase in gold production to 91,195 ounces. The company officially began production at its new Kurmuk Mine in Ethiopia after introducing ore into the plant during commissioning activities. Consolidated all-in sustaining costs (AISC) were $2,378 per ounce sold, while cash and cash equivalents stood at $379.1 million as of September 30, 2026. Management outlined a production outlook of 400,000 to 435,000 ounces for full-year 2026 and proposed a shareholder returns policy including a potential base dividend starting in 2027 and a normal course issuer bid to repurchase up to 10% of its public float. Allied Gold is a Canadian-based gold producer operating mines across Côte d'Ivoire, Mali, and Ethiopia.