Allied Gold Announces Preliminary Third Quarter 2025 Operating Results

Core Insights - Allied Gold Corporation reported preliminary operating results for Q3 2025, producing over 87,000 ounces of gold and selling over 92,000 ounces, aligning with expectations and supporting strong production guidance for Q4 2025 [1][3] - The company anticipates a significant increase in production in Q4, driven by higher grades and the commissioning of the Phase 1 expansion at Sadiola, with annual production expected to exceed 375,000 ounces [3][8] - All-in Sustaining Costs (AISC) improved materially, expected to be approximately $2,100 per ounce, a 10% decrease from Q2 2025, despite higher royalties due to increased gold prices [3][4] Production Highlights - Sadiola produced 42,174 ounces, with contributions from Stage 5 and Sekekoto West, while the CDI Complex produced 44,846 ounces, showing quarter-over-quarter improvements [5][13] - Agbaou's production increased significantly to 22,893 ounces, a 43% rise from the previous quarter, driven by higher grades [15] - Bonikro produced 21,953 ounces, in line with plans, benefiting from improved plant throughput and maintenance practices [14] Cost Management - AISC margins increased from $755 per ounce in Q2 to approximately $1,350 per ounce in Q3, reflecting an 80% increase [8] - The company expects further cost improvements in Q4 due to operational enhancements and mine sequencing [3][8] - Royalties in Q3 were approximately $50 per ounce, with a realized gold price of about $3,450 per ounce, up from $3,098 in Q2 [4] Growth and Expansion - The Phase 1 expansion at Sadiola is progressing well, with the new comminution circuit expected to enhance operational efficiency by allowing a higher proportion of fresh ore [7][9] - The company is also advancing its energy program for Sadiola, implementing a hybrid power solution to reduce costs [11] - The Kurmuk project is on track, with key milestones achieved and first gold expected by mid-2026 [17][19] Future Guidance - Annual production is projected to be between 375,000 to 400,000 ounces, with formal guidance for 2026 to be provided early next year [3][8] - The company is targeting increased efficiencies and reduced costs through internalizing mining operations at one or more of its mines [8]