Quarterly UpdatesJul 29, 2026, 07:51 AM
Allied Gold Q2 Gold Production 97,429 oz; Kurmuk Mine on Track
AI Summary
Allied Gold reported preliminary Q2 2026 operating results, producing 97,429 gold ounces, bringing the first-half total to 193,445 ounces, in line with guidance. The company expects Q2 All-in Sustaining Costs (AISC) to be below $2,200 per ounce, with a realized gold price of approximately $4,380 per ounce. Development of the Kurmuk Mine is on schedule for operations to begin in August, with 2027 production guidance exceeding previous estimates at the higher end. Additionally, the Agbaou mine life was extended to 2030, and directors intend to purchase shares.
Key Highlights
- Produced 97,429 gold ounces in Q2 2026, a 7% increase over Q2 2025.
- Total gold production for H1 2026 reached 193,445 ounces.
- Expected Q2 2026 All-in Sustaining Costs (AISC) to be below $2,200 per ounce.
- Realized gold price for spot sales in Q2 was approximately $4,380 per ounce.
- Estimated cash balances at the end of Q2 2026 were $190 million.
- Kurmuk Mine operations expected to start in August, targeting 240,000-270,000 oz in 2027.
- Agbaou mine life extended to 2030 due to over 60% increase in Mineral Reserves.
- Chairman and Vice Chairman intend to acquire additional common shares.
Price Impact
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