US EditionRecord Gold Production: Allied Gold Hits 99,632 oz Q4 High, Plans NYSE Listing
- Allied Gold reported unaudited results for the fourth quarter of 2024, which included a record quarterly gold production of 99,632 ounces, aligning with previous guidance of 98,000 to 102,000 ounces.
- The strong fourth-quarter performance, driven by Sadiola and the CDI Complex, resulted in full-year gold production of 358,090 ounces, a 4% increase over the previous year, with mine-site level cost of sales at $1,773 per ounce, cash costs at $1,589 per ounce, and adjusted AISC at $1,708 per ounce.
- While the fourth quarter saw a net loss of $10.3 million, adjusted earnings reached $9.5 million, with net cash from operating activities at $49.6 million and year-end cash and cash equivalents totaling $225.0 million, bolstered by a $250 million Kurmuk funding package, including a $175 million gold stream with Wheaton Precious Metals International Ltd. And a $75.0 million Gold Prepay facility.
- Operational improvements and construction activities for the first phase expansion at Sadiola, aiming for 200,000 to 230,000 ounces of annual production, are progressing on budget and schedule, with earthworks and structural fill leading into civil and mechanical activities in the first half of 2025; additionally, Bonikro and Agbaou will incur capital expenditures of $60 million and $25 million respectively for production stripping in 2025.
- Allied Gold is pursuing a listing on the New York Stock Exchange under the ticker symbol "AAUC" and continues discussions with SOREM for potential mining opportunities in Mali, while also anticipating a 2025 production of 375,000 to 400,000 ounces of gold, representing a year-over-year increase, and revised sustainability framework throughout the year with a Total Recordable Injury Rate of 1.64 and a Lost Time Injury Rate of 0.63.
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The Berkshire Eagle+36 Reposted by 36 other sources
ALLIED GOLD ANNOUNCES FOURTH QUARTER AND YEAR-END 2024 RESULTS: ACHIEVING RECORD QUARTERLY PRODUCTION, ADVANCING OPTIMIZATIONS AND GROWTH PROJECTS, AND STRENGTHENING FINANCIAL FLEXIBILITY THROUGH STRATEGIC INITIATIVES
TORONTO, March 26, 2025 /PRNewswire/ - Allied Gold Corporation (TSX: AAUC) (OTCQX: AAUCF) ("Allied" or the "Company") is herein reporting its unaudited financial and operational results for the fourth quarter of 2024. Fourth quarter production of 99,632 ounces of gold…
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