MergerMay 14, 2026, 05:12 PM
Allied Gold Advances Zijin Gold Merger; Q1 Production Up 14% to 96,016 oz
AI Summary
Allied Gold Corporation reported its Q1 2026 financial and operational results while progressing its transaction with Zijin Gold. The company produced 96,016 ounces of gold, a 14% increase year-over-year, with All-in Sustaining Costs (AISC) of $2,264 per ounce sold. Despite a net loss of $58.3 million, adjusted earnings were $48.6 million, and operating cash flows were strong at $162.7 million before tax and working capital. The acquisition by Zijin Gold for C$44 per share, valued at C$5.5 billion, is advancing, with shareholder and court approvals already obtained and an objective to close in a timely manner.
Key Highlights
- Zijin Gold to acquire Allied Gold for C$44/share, total C$5.5B.
- Q1 2026 gold production 96,016 ounces, up 14% YoY.
- Q1 net loss $58.3 million or $(0.47) per share.
- Adjusted earnings $48.6 million or $0.39 per share.
- Cash and cash equivalents $424.2 million as of March 31, 2026.
- Operating cash flow before tax/working capital was $162.7 million.
- All-in Sustaining Costs (AISC) were $2,264 per ounce sold.
- Kurmuk project on track for first gold in mid-2026.
Price Impact
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