Quarterly ResultMay 14, 2026, 04:58 PM
Allied Gold Q1 Revenue $394.1M; Net Loss $(58.3)M
AI Summary
Allied Gold reported Q1 2026 revenue of $394.1 million, a 13.8% increase year-over-year, driven by higher gold prices. The company posted a net loss attributable to shareholders of $(58.3) million, or $(0.47) per share, compared to net earnings of $15.1 million in Q1 2025. However, Adjusted Net Earnings rose to $48.6 million, or $0.39 per share. Operational highlights include a 14% increase in gold production to 96,016 ounces, continued progress on the Kurmuk Project towards mid-2026 first gold, and advancements in the Sadiola Gold Mine expansion. The acquisition by Zijin Gold for C$5.5 billion is progressing, with all shareholder and court approvals obtained.
Key Highlights
- Q1 2026 Revenue increased 13.8% to $394.1 million from $346.4 million in Q1 2025.
- Net Loss Attributable to Shareholders was $(58.3) million, or $(0.47) per share.
- Adjusted Net Earnings were $48.6 million, or $0.39 per share, up from $45.1 million.
- Consolidated gold production rose 14% to 96,016 ounces from 84,040 ounces year-over-year.
- Adjusted EBITDA increased to $173.3 million from $133.8 million in Q1 2025.
- Cash and cash equivalents stood at $424.2 million as of March 31, 2026.
- Kurmuk Project on track for first gold in mid-2026, targeting 6.4 Mt/y processing capacity.
- Zijin Gold acquisition for C$5.5 billion is advancing, with approvals obtained.