Allied Gold’s shares jumped 10.9% post-earnings, driven by operational beats at key mines and progressing growth projects that bolster confidence in the company’s production trajectory and cost reduction initiatives.
- Q2 production totaled just over 97,000 ounces; H1 production reached approximately 193,000 ounces, with full-year guidance on track from existing operations.
- Sadiola’s production expected to rise in H2 due to increased feed grade and throughput; ongoing cost reduction efforts include transitioning from diesel to solar power.
- Bonikro exceeded first-half production plans with higher grades and throughput, marking successful progression past the waste removal phase.
- Agbaou production steady with improved costs; proven and probable reserves expanded by 60%, supporting extended mine life and increased annual production expectations (from 180,000 oz to 200,000 oz).
- Kurmuk mine in Ethiopia in commissioning phase, expected to begin production this quarter, adding to near-term growth prospects.
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