Allied Gold Corp announced the appointment of Joanna Pearson as an independent director on its Board of Directors, effective August 18, 2026. Pearson brings over 25 years of experience in financial reporting and risk management within the mining sector, including prior roles as CFO of Endeavour Mining plc and Audit Partner at Deloitte LLP. Her appointment coincides with the departure of Daniel Racine, who stepped down to accommodate board size limits but will remain as an emeritus director. The company operates in the gold mining industry.

Allied Gold Corp announced the closing of a strategic investment by Zijin Gold International Company Limited via a non-brokered private placement of 12,800,000 common shares at C$32.55 per share, generating aggregate gross proceeds of C$416,640,000. Following the transaction, Zijin Gold holds approximately 9.2% of Allied's issued and outstanding common shares and retains customary participation rights to maintain its pro rata equity interest until ownership falls below 5 percent on a non-diluted basis. The net proceeds will fund growth initiatives, including operational optimizations, completion and ramp-up of the Kurmuk mine, phased expansion of Sadiola, production increases at the CDI Complex, and exploration efforts across Allied's portfolio. The issued shares are subject to a four-month-and-one-day hold period ending December 11, 2026, under Canadian securities laws, with Allied's Chairman, CEO, and Vice Chairman voluntarily agreeing to lock-up agreements for the same duration. Allied Gold Corp is a Canadian-based gold producer operating a portfolio of three producing assets and development projects in Côte d'Ivoire, Mali, and Ethiopia.

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.

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.