Allied Gold Corporation announced preliminary second-quarter 2026 production of 97,429 gold ounces, bringing first-half output to 193,445 ounces and positioning the company to meet its full-year guidance of 385,000 to 425,000 ounces from producing mines. All-in sustaining costs for the quarter are expected to be below $2,200 per ounce sold, while the realized gold price for spot sales was approximately $4,380 per ounce, supporting strong margins. Cash balances at quarter-end were estimated at $190 million, with the decline from the prior quarter mainly due to growth capital spending on the Kurmuk Mine, which is on track to start operations in August with first gold a few weeks later. The company also reported a more than 60% increase in proven and probable mineral reserves at Agbaou, extending its mine life to 2030, and reiterated that security matters in its host nations are being effectively managed without disruption to operations. Allied Gold will release full second-quarter financial results on August 5, 2026.
Allied Gold CorporationPreliminary Q2 output of 97,429 oz, on track for full-year guidance, strong margins with realized gold price ~$4,380/oz vs AISC below $2,200/oz, and cash of $190M.