Business UpdateApr 28, 2026, 08:55 AM
AAUC: Zijin Gold Arrangement Progresses; Operations Normal
AI Summary
Allied Gold Corp confirmed normal business conduct at its operating mines in Mali and Côte d'Ivoire, including the recently completed first phase expansion at Sadiola Gold Mine. The Kurmuk development project in Ethiopia is progressing as planned, with production expected in the third quarter of 2026. The company also provided an update on its previously announced Arrangement with Zijin Gold International Company Limited, stating that both parties are diligently advancing regulatory approvals with an objective to close by May 29, 2026.
Key Highlights
- Zijin Gold Arrangement advancing, targeting closing by May 29, 2026, subject to extension.
- Operations at Sadiola Gold Mine in Mali and other Côte d'Ivoire mines continue normally.
- Sadiola Gold Mine's first phase expansion recently completed.
- Kurmuk project in Ethiopia on track for Q3 2026 production.
- Exploration efforts yield positive results, expecting increased mine lives across assets.
- Company monitors Mali security situation, noting operations are distant from conflicts.
Price Impact
More from AAUC