Allied Gold Reports Record Q4 Production, Advances Growth Strategy and Completes Key Step Toward Transaction with Zijin Gold

Core Insights - Allied Gold Corporation reported solid operational and financial results for Q4 2025, producing 117,004 ounces of gold, exceeding annual guidance and demonstrating strong momentum heading into 2026 [1][4][12] - The company achieved an All-in Sustaining Cost (AISC) of $1,980 per ounce, reflecting a 5% reduction from the previous quarter, driven by increased production and operational improvements [4][30] Financial Results Highlights - The fourth quarter net loss was $23.6 million or $(0.19) per share, while adjusted earnings were $69.0 million or $0.56 per share [4] - Net cash generated from operating activities for the quarter was $189.3 million, with EBITDA of $138.6 million and adjusted EBITDA of $204.6 million [4][12] - As of December 31, 2025, the company had cash and cash equivalents of $479.8 million [4] Operational Highlights - Total gold production for 2025 reached 379,081 ounces, surpassing the annual production guidance of 375,000 ounces [4][12] - Fourth quarter production represented a 34% increase over the average production of the previous three quarters, marking the highest quarterly production to date [4][12] - Performance by asset included 57,191 ounces from Sadiola, 33,279 ounces from Bonikro, and 26,534 ounces from Agbaou, with all operations showing improved performance [4][12][45] Growth Initiatives - The company entered into a definitive agreement with Zijin Gold for the acquisition of Allied Gold at a price of C$44 per share, representing a significant premium to the market price [7][9] - Key growth projects include the completion of the Sadiola Phase 1 grinding circuit expansion and ongoing construction at the Kurmuk Project, expected to commence operations in mid-2026 [8][59] - Exploration efforts in 2025 included 40,503 meters of drilling across multiple project areas, aimed at maintaining and increasing mineral resources [8][40] Cost Management - AISC margins improved significantly, increasing from $1,370 per ounce in Q3 to approximately $2,160 per ounce in Q4, reflecting higher realized gold prices [4][5] - The company expects AISC for 2026 to be between $1,945 and $2,160 per ounce, based on a gold price assumption of $4,250 per ounce [20] Sustainability and Safety - The company reported no significant environmental incidents for the year ended December 31, 2025, with a Total Recordable Injury Rate of 1.21 [13]