Quarterly ResultAug 5, 2026, 05:02 PM
Allied Gold Q2 Net Earnings $37.2M; Production Up 7%; Zijin Gold Invests $295M
AI Summary
Allied Gold Corporation reported Q2 2026 net earnings of $37.2 million ($0.29 basic EPS) and adjusted earnings of $55.4 million ($0.44 basic EPS). Gold production increased 7% year-over-year to 97,429 ounces, with All-in Sustaining Costs (AISC) of $2,192 per ounce sold, in line with expectations. The company also announced a $295 million strategic investment from Zijin Gold, which will support growth initiatives including the Kurmuk Mine, expected to start operations in August. Mine life extensions were also announced for Bonikro (to 2036) and Agbaou (to 2030).
Key Highlights
- Q2 2026 net earnings were $37.2 million, or $0.29 per basic share.
- Adjusted earnings for Q2 2026 were $55.4 million, or $0.44 per basic share.
- Gold production increased 7% YoY to 97,429 ounces in Q2 2026.
- All-in Sustaining Costs (AISC) were $2,192 per ounce sold, in line with expectations.
- Zijin Gold will invest $295 million for approximately a 9.2% stake.
- Kurmuk Mine operations are expected to start in August 2026.
- Mine life at Bonikro extended to 2036 and Agbaou to 2030.
- Cash and cash equivalents stood at $192.2 million as of June 30, 2026.
Price Impact
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