Allied Gold Announces Commencement of Ore Processing at Sadiola’s Phase 1 Expansion, Progress on Capital Efficient Modular Phase 2 Expansion, and Update on Production for Q4

Core Viewpoint - Allied Gold Corporation has commenced operations at Sadiola with the new fresh ore comminution circuit, marking a significant milestone in its growth strategy aimed at increasing production and cash flows [1][2]. Group 1: Phase 1 Expansion - The Phase 1 expansion allows Sadiola to increase the proportion of fresh ore in the feed from approximately 20% to 60%, with an expected throughput of 5.7 million tonnes per annum [2]. - The first quarter of 2026 is anticipated to be the first full quarter with higher-grade fresh ore contributing to production, with production levels expected to vary as mining progresses [2][5]. - The completion of Phase 1 is expected to result in annual production of 200,000 to 230,000 gold ounces, representing a 17% to almost 30% increase over 2023 production levels [5]. Group 2: Phase 2 Expansion - The Company is in the final stages of studies to define the preferred growth path for Sadiola, including a modular expansion of current facilities and increasing metallurgical recoveries for fresh ore [3]. - An update on the Phase 2 expansion, which is planned to commence in late 2026, will focus on a more capital-efficient, modular upgrade rather than a larger, more expensive plant [4]. Group 3: Production Outlook - In the current quarter, Sadiola is expected to produce approximately 60,000 gold ounces, reflecting a 40% increase over the average of prior quarters this year [6]. - Overall production for the quarter is expected to exceed 113,000 gold ounces, a 30% increase over prior quarters and a 13% increase compared to the same quarter last year [7]. - The Company maintains its guidance for the year of over 375,000 gold ounces [7]. Group 4: Company Overview - Allied Gold Corporation is a Canadian-based gold producer with a significant growth profile, operating a portfolio of three producing assets and development projects in Côte d'Ivoire, Mali, and Ethiopia [8]. - The Company aims to become a mid-tier, next-generation gold producer in Africa and ultimately a leading senior global gold producer [8].