Allied Gold Corporation

Today we announced an important milestone in the development of the Kurmuk Gold Project. Kurmuk Gold Mine PLC has entered into a definitive Power Purchase Agreement (PPA) with Ethiopian Electric Power (EEP), to secure a reliable, competitive, and sustainable energy supply for the Kurmuk Gold Project throughout the life of the mine.   📢The agreement will ensure a steady supply of hydroelectric power to the Kurmuk project, ensuring it remains one of the lowest all-in sustaining cost projects in the world.   💡 The Kurmuk Gold Mine will benefit from Ethiopia’s predominantly renewable energy sources, and one of the most durable and cleanest power supplies globally.   🌱 This agreement ensures both the project’s financial viability as well as our strategic focus on leveraging sustainable energy solutions, positioning the Kurmuk Gold Project as a model for responsible mining in the region.   The Kurmuk Gold Project is currently under development and is expected to begin operations in the second quarter of 2026.   Read more about the project and the PPA here: https://lnkd.in/ePrY5HAF   #AlliedGold #GoldMining #GoldProduction #ResponsibleMining #Ethiopia

📢 Committed to fostering sustainability, operating responsibly and creating shared value for all stakeholders, we are pleased to release the 2023 Allied Gold sustainability report.   This report outlines how we view and integrate sustainability into our operations, projects and offices at Allied Gold. Developed in alignment to relevant SASB and GRI Standards and TCFD recommendations, the report outlines current progress and future ambitions under our key environment, governance and social priorities: 1.     Respecting human rights 2.     Enhancing community health and safety 3.     Creating employment, development and inclusion opportunities 4.     Protecting and enhancing the natural environment where we live, work and operate   Read the press release and full report 👇 https://lnkd.in/eubC5g56    #SustainabilityReport #ESG #SustainabilityinMining #GoldMining

Our CEO Peter Marrone sat down with Kitco NEWS’s Michael Allan McCrae, MBA CMA at The Mining Investment Event of the North.   Peter discusses Allied Gold’s focus on building Africa’s next senior gold producer, starting from a strong platform of roughly 400,000 gold ounces per year and increasing to 800,000 by 2029.   From the role of mining in Africa and the investment opportunities through to consolidation trends in the broader industry, they cover a lot of ground. Watch the full interview on the link below 👇   https://lnkd.in/eQ6mWMF4   #Mining #Africa #Gold #AlliedGold

Thrilled to share a snapshot of our brilliant Allied Gold accounting and finance team during our recent visit to our site in Côte d'Ivoire. Each member brings unparalleled expertise and dedication, driving our success from the ground up. #Teamwork #FinanceExcellence #AlliedGold

"There are impressive, high-quality mining operators in Africa and that’s what we try to encourage. We prefer to rely on the high-quality talent that exists in a jurisdiction.”   💻 Watch Allied Gold CEO Peter Marrone discuss the company’s strategy behind operating in Africa. https://lnkd.in/eDU-VJti #AlliedGold #Geopolitics #Africa #InvestmentStrategy

💡 “With how quickly we can advance, the level of competency of the people and the ability to extend mine life, means there are very few places in the world that deliver the types of returns that one can get in Africa.”   Allied Gold CEO Peter Marrone sat down with Paul Harris at Mining Journal to provide insight into the company’s growth model and future ambitions.   Read the full article to learn more about Marrone’s plans to establish Allied Gold as a bona fide African champion. https://lnkd.in/dUWfXhFP   #AfricaChampion #GoldMining #AlliedGold

⭐ Following in the footsteps of Yamana Gold, growing into a significant mid-tier next-generation gold producer, and ultimately becoming a leading senior gold producer 👷♀️ The two-phase approach to the expansion to establish Sadiola as one of West Africa’s biggest gold producers 🌍 Ambitions to be the ‘poster child’ for Ethiopia’s emerging precious metals mining industry   Read CEO Peter Marrone discuss our growth plan with Arthur Tassell at Mining Review Africa: https://lnkd.in/dTdqjYtG   #AlliedGold #GoldMining #GoldProduction #GrowthStrategy

We recently announced positive exploration results from the Tsenge gold prospect, the most advanced of several high-quality exploration targets at our Kurmuk Project. 🥇 These promising findings are part of a program expected to significantly increase both the Mineral Resources and Mineral Reserves at Kurmuk, aligning with our goal of achieving a minimum of five million ounces of gold in mineral inventories at the project. 👷♀ The results, stemming from an active and ongoing exploration program, are anticipated to support a strategic mine life of over 18 years, with annual gold production exceeding 250,000 ounces at an All-In Sustaining Cost below $950 per ounce. Read the full release here: https://lnkd.in/eQw24zk3

Today we announced our FY results, showcasing how we are establishing a sustainable production platform for significant growth at improving costs. Read our production, outlook, and sustainability highlights below, and explore the full results on the link. 🥇 Finished strong with 94,755 oz of production in Q4 2023. 💼 Net Q4 earnings at $5.4M; cash reserves stand at $158.6M. 🌱 Zero major environmental incidents in 2023. 🔒 Continued commitment to safety and environmental care. 🎯 2024 target: 375,000-405,000 oz with lower costs. 🚀 By 2026, aiming for 600,000+ oz, focusing on efficiency and growth. #AlliedGold #GoldMining #ResponsibleMining https://lnkd.in/e7D5bjt2

Peter Marrone's strategic vision sees the potential in Toronto and New York, where the investor landscape is changing. As more miners opt for these dynamic markets, we're adapting our approach for growth, exploring organic expansion and potential mergers and acquisitions. CEO and Chariman, Peter Marrone spoke with the Financial Times recently, as more precious metals miners turn away from the London Stock Exchange. Read the full article here: https://lnkd.in/e9izxeeG #AlliedGold #MarketEvolution #StrategicVision