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Allied Gold Reports Q3 2026 Results, Begins Production at the Kurmuk Mine and Delivers Strong Performance at the Côte D’Ivoire Complex

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  • Allied Gold Corporation produced 91,195 gold ounces in Q3 2026, a 5% increase year-over-year, with AISC at $2,378 per ounce.
  • Third quarter net earnings were $29.1 million ($0.22 per basic share), while adjusted earnings reached $49.3 million ($0.37 per basic share).
  • Operating cash flows before tax and working capital movements totaled $115.6 million, with net cash from operations at $12.3 million after tax payments.
  • The company held $379.1 million in cash and cash equivalents as of September 30, 2026, with plans to increase balances through 2026.
  • Kurmuk Mine commenced production in Q3 2026 after commissioning activities, ramping up to deliver 25,000 to 35,000 ounces in its partial first year.
  • Sadiola produced 42,291 ounces in Q3, performing favorably against plan, with initiatives underway to reduce costs and improve fleet reliability.
  • Bonikro produced 28,644 ounces in Q3, a 30% increase year-over-year, driven by higher grades and improved recoveries at Stage 5.
  • Agbaou produced 20,260 ounces in Q3, in line with plans, with ore grades and tonnes processed exceeding expectations.
  • The CDI Complex (Bonikro & Agbaou) generated $110.9 million in gross profit excluding DDA in Q3, up from $74.5 million in the prior year.
  • 2026 total production is forecast at 400,000 to 435,000 ounces, representing a ~10% increase over 2025.
  • 2027 production is projected to reach 615,000 to 670,000 ounces, a 54% increase over the 2026 midpoint, driven by Kurmuk's full contribution.
  • The company announced a shareholder return policy including a potential base dividend starting in 2027 and a normal course issuer bid to repurchase up to 10% of public float.
  • Zijin Gold invested $295 million via a private placement of 12.8 million shares in August 2026, acquiring a 9.2% stake with no board representation.
  • The Zijin Gold transaction was terminated in July 2026, but the private placement proceeded to fund growth initiatives including Kurmuk ramp-up.
  • Sadiola expansion includes a pre-leach thickener targeting Q2 2027 commissioning, with a 7 Mt/y expansion planned for operational capacity in H1 2029.
  • Bonikro mine life extended to 2036, while Agbaou mine life extended to 2030 following reserve updates.
  • Kurmuk exploration reported significant intercepts, with a goal to grow Mineral Resources to over 5 million ounces to sustain 300,000 ounces annual production.
  • Total recordable injury rate (TRIR) for Q3 2026 was 2.91, impacted by incidents at Kurmuk, while lost time injury rate (LTIR) was 0.14.
  • Consolidated costs were impacted by geopolitical developments causing inflationary pressure on transportation, fuel, and consumables.