StockWatch
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Gold and Silver Ores
Quarterly ResultNov 4, 2026, 05:25 PM

Allied Gold Q3 Earnings $29.1M; Kurmuk Mine Begins Production

AI Summary

Allied Gold Corporation reported its third quarter 2026 financial and operational results, with net earnings of $29.1 million ($0.22 per basic share). The company saw a 5% year-over-year increase in gold production to 91,195 ounces, with all-in sustaining costs at $2,378 per ounce. A significant development was the commencement of production at the Kurmuk Mine, which is expected to ramp up and contribute substantially to future output and cash flow. Allied Gold also announced plans for a potential base dividend starting in 2027 and a normal course issuer bid to repurchase up to 10% of its public float, subject to regulatory approval. Mine life extensions at Bonikro and Agbaou, along with progress on the Sadiola expansion, position the company for increased production and value.

Key Highlights

  • Allied Gold Corp Q3 2026 net earnings of $29.1 million, or $0.22 per basic share.
  • Q3 gold production increased 5% YoY to 91,195 ounces; AISC was $2,378 per ounce.
  • Kurmuk Mine commenced production in Q3, expected to ramp up and contribute significantly.
  • Company plans a potential base dividend starting in 2027 and a normal course issuer bid.
  • Sadiola mine expansion project continues, targeting 300,000-400,000 oz/year production.
  • Bonikro mine life extended to 2036, supporting average production of ~120,000 oz/year.
  • Agbaou mine life extended to 2030, supporting strategic objective of 200,000 oz/year from CDI Complex.