Quarterly UpdatesJul 29, 2026, 07:37 AM
Allied Gold Q2 Production 97,429 oz; Kurmuk Mine Start in August
AI Summary
Allied Gold Corporation reported strong preliminary operating results for Q2 2026, with gold production of 97,429 ounces, a 7% increase over the comparable quarter in 2025. Total H1 2026 production reached 193,445 ounces, positioning the company to meet its annual guidance. All-in Sustaining Costs (AISC) for Q2 are expected to be below $2,200 per ounce, contributing to robust margins. The company's transformative Kurmuk Mine is on track to begin operations in August, with significant production expected in 2027 and 2028. Additionally, the Agbaou mine life was extended to 2030 following a 60% increase in Proven and Probable Mineral Reserves.
Key Highlights
- Q2 2026 gold production was 97,429 ounces, a 7% increase YoY.
- H1 2026 total gold production reached 193,445 ounces.
- Q2 AISC expected below $2,200 per ounce, supporting strong margins.
- Kurmuk Mine operations expected to start in August 2026.
- Agbaou mine life extended to 2030 due to 60% increase in reserves.
- Cash balance as of June 30, 2026, was approximately $190 million.
- Chairman and Vice Chairman intend to acquire additional common shares.
Price Impact
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