Allied Gold Reports Q1 2026 Results and Advances Zijin Transaction

Allied Gold Corporation announced its financial and operational results for the first quarter of 2026, reporting gold production of 96,016 ounces, a 14% increase year-over-year. The company recorded a net loss of $58.3 million but achieved adjusted earnings of $48.6 million, with All-in Sustaining Costs (AISC) at $2,264 per ounce, aligning with expectations despite higher royalty impacts from elevated gold prices. Operational performance was strong across key assets, including Sadiola, Bonikro, and Agbaou. Strategically, Allied Gold is progressing with its growth initiatives, particularly the Kurmuk project in Ethiopia, where pre-commissioning activities are scheduled for the second quarter with first gold expected by mid-2026. Additionally, the company is advancing its transaction with Zijin Gold. With $424.2 million in cash reserves, Allied Gold maintains a robust financial position while focusing on exploration updates and mine life extensions. The report highlights successful execution of operating plans and significant milestones in infrastructure development, positioning the company for continued growth in the latter half of 2026.