Allied Gold Reports Third Quarter 2025 Results: Solid Performance and On Track for Improved Production

Core Insights - Allied Gold Corporation reported strong operational results for Q3 2025, producing 87,020 ounces of gold and selling 92,099 ounces, aligning with expectations and supporting a robust fourth quarter [1][2][29] - The All-in Sustaining Costs (AISC) for the quarter improved to $2,092 per ounce, reflecting operational enhancements and a planned increase in production for Q4 [1][3][23] Operational Highlights - Q3 gold production was in line with expectations, with Q4 expected to be the strongest of the year due to higher grades and operational improvements at Bonikro and Sadiola [2][3] - Annual production is projected to exceed 375,000 ounces, consistent with the company's guidance, with a target for 2026 to achieve higher production levels [2][3] - Significant operational enhancements include confirmatory drilling, new mining equipment mobilization, and management changes aimed at improving productivity [2][3] Financial Results - The company reported a net loss of $17.9 million for Q3, but adjusted earnings were $33.3 million, translating to $0.29 per share [6][9] - Net cash generated from operating activities was $181.5 million, with EBITDA for the quarter at $70.8 million [9][10] - As of September 30, 2025, the company had cash and cash equivalents of $262.3 million, with an undrawn revolving credit facility of $50 million [9][10] Growth Initiatives - The Kurmuk Project is progressing well, with key milestones achieved and a focus on logistics and infrastructure to support future production [7][8] - The Phase 1 expansion at Sadiola is on track to be operational by late Q4, allowing for increased processing of higher-grade fresh ore [13][43] - Exploration efforts across various sites, including Sadiola and Bonikro, aim to extend mine life and enhance mineral reserves [15][61] Exploration and Development - During Q3, 46,686 meters of drilling were completed across multiple sites, with significant new zones identified at Sadiola [15][16] - The company is conducting engineering studies for potential expansions and enhancements to processing capabilities at Sadiola [45][46] - Ongoing exploration at Bonikro and Agbaou aims to increase mineral reserves and extend mine life through targeted drilling programs [61][72] Sustainability and Safety - The company reported no significant environmental incidents in Q3 2025, with improvements in safety metrics compared to the previous year [26][27]