Quarterly ResultNov 4, 2026, 05:26 PM
Allied Gold Q3 Revenue $358.1M, Net Earnings $29.1M; Kurmuk Mine Operational
AI Summary
Allied Gold Corp announced its third-quarter 2026 financial results, reporting a significant year-over-year increase in revenue to $358.1 million and a return to profitability with net earnings of $29.1 million, compared to a net loss in the prior year period. Adjusted Net Earnings and EBITDA also showed substantial improvements. Production increased by 5% to 91,195 gold ounces, driven by strong performance at Bonikro and Agbaou. The company ended the quarter with a robust cash position of $379.1 million. Key strategic developments include the completion of the Kurmuk Mine commissioning and a $295 million investment from Zijin Gold.
Key Highlights
- Allied Gold Corp reported Q3 2026 revenue of $358.1 million, a 17.2% increase year-over-year.
- Net earnings attributable to shareholders were $29.1 million ($0.22 per share) for Q3 2026, compared to a net loss of $17.9 million ($0.15 per share) in Q3 2025.
- Adjusted Net Earnings for Q3 2026 were $49.3 million ($0.37 per share), up from $33.3 million ($0.29 per share) in Q3 2025.
- EBITDA for Q3 2026 was $121.0 million, with Adjusted EBITDA at $139.8 million.
- Consolidated production for Q3 2026 was 91,195 gold ounces, a 5% increase over the prior year period.
- Cash costs per ounce sold were $2,181 and All-in Sustaining Costs (AISC) were $2,378 for Q3 2026.
- The company ended Q3 2026 with $379.1 million in cash and cash equivalents.
- Zijin Gold invested $295 million in Allied Gold in August 2026, acquiring approximately 9.2% ownership.
Price Impact
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