Allied Gold shares nearly quadruple, Ethiopia mine ready for gold production [BNN Bloomberg (Canada)]
Allied Gold Corporation Common Shares (AAUC)
Company Research
Source: BNN Bloomberg
The company's shares traded at $10.65 on Jan. 22, 2025. On Thursday afternoon, they were up to$42.22. Allied Gold continues to ramp up output at its existing mine in Western Mali, while nearing production at its Kurmuk gold project in Western Ethiopia, Peter Marrone, CEO of Allied Gold Corporation, told BNN Bloomberg. “By April, we start commissioning this mine, and by the third quarter, we will be in production,” said Marrone. Allied Gold reports it plans to increase Kurmuk's resources to five million ounces by adding 1.5 million ounces over five years, supported by an annual$8 million exploration budget. The company plans to maintain yearly production of 290,000 ounces starting in2026. Marrone said Kurmuk is a relatively straightforward mine to build, but operating in a country without a long history of large-scale mining requires a sensitive approach, which the company did by working with local communities and governments. Kurmuk mine will hire locally The Kurmuk min
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AAUC
News
- Allied Gold (NYSE:AAUC) had its "sell (d-)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Surging gold and silver prices expected to spur more mining takeovers [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Allied Gold's $5.5B sale to Zijin reshapes TSX gold landscape [Wealth Professional (Canada)]Wealth Professional
- Allied Gold (NYSE:AAUC) was downgraded by analysts at Canaccord Genuity Group Inc. from a "strong-buy" rating to a "hold" rating.MarketBeat
- Allied Gold says cash deal with Chinese buyer outweighs gold rally [BNN Bloomberg (Canada)]BNN Bloomberg
AAUC
Analyst Actions
- 1/26/26 - CANACCORD
AAUC
Sec Filings
- 1/26/26 - Form 6-K
- 1/21/26 - Form SCHEDULE
- 12/23/25 - Form 6-K
- AAUC's page on the SEC website