Workflow
ALLIED GOLD ANNOUNCES 2025 GUIDANCE AND NEAR-TERM OUTLOOK
GOLDBarrick(GOLD) Prnewswire·2025-02-20 12:15

Core Viewpoint - Allied Gold Corporation has provided its 2025 operating guidance, projecting a significant increase in gold production and outlining its medium-term outlook, including updates on Mineral Reserves and Mineral Resources [1][2]. 2025 Guidance - The company anticipates producing between 375,000 and 400,000 ounces of gold in 2025, marking a year-over-year increase, with the higher end of the range dependent on increasing oxide ore feed from the Hire area at Agbaou [3][4]. - Production is expected to be back-half weighted, with a first-half/second-half split of 45%/55%, and Q4 2025 production projected to be 56% higher than Q1 2025 [4][9]. Cost Projections - The projected mine-site level All-In Sustaining Costs (AISC) for 2025 are estimated to be between US1,690andUS1,690 and US1,790 per ounce, reflecting operational improvements at Bonikro and Sadiola [5][9]. - Cash costs for Sadiola are projected at US1,630toUS1,630 to US1,715 per ounce, while Bonikro's cash costs are expected to be between US1,230andUS1,230 and US1,300 per ounce [6]. Capital Expenditures - Total capital expenditures for 2025 are expected to be US352millionforexpansionarycapitalandUS352 million for expansionary capital and US100 million for sustaining capital, with significant investments in production stripping at Bonikro and Agbaou [7][8]. - Bonikro is anticipated to incur US60millionincapitalexpendituresrelatedtoproductionstripping,whichisexpectedtoenhancefuturecashflows[7].ProductionOutlook2026−2027−Sadiola′sproductionisexpectedtoincreasetobetween200,000and230,000ouncesannuallyin2026and2027,drivenbyadditionaloxideoresandhigher−gradefreshrock[11][13].−Bonikroaimsforstableproductionaveraging100,000ouncesannually,withpotentialreductionsinAISCbelowUS60 million in capital expenditures related to production stripping, which is expected to enhance future cash flows [7]. Production Outlook 2026-2027 - Sadiola's production is expected to increase to between 200,000 and 230,000 ounces annually in 2026 and 2027, driven by additional oxide ores and higher-grade fresh rock [11][13]. - Bonikro aims for stable production averaging 100,000 ounces annually, with potential reductions in AISC below US1,500 starting in 2026 due to waste stripping [14]. Mineral Reserves and Resources Update - As of December 31, 2024, Proven and Probable Mineral Reserves were reported at 10.8 million ounces of gold, with total Measured and Indicated Mineral Resources at 15.7 million ounces [18][31]. - The company has adopted more conservative assumptions regarding operational factors to improve ore control and predictability of operations [17]. Upcoming Events - The company will release its fourth quarter and year-end 2024 operational and financial results on March 26, 2025, followed by a conference call on March 27, 2025 [24].