#Canada #Toronto #Allied Gold #Gold Production #Q2 2025

Allied Gold Corporation Reports Solid Production Results for Q2 2025

Allied Gold Corporation, a Canadian-based gold producer, has reported impressive results for the second quarter of 2025. With total gold production reaching 91,017 ounces, the company has aligned its operations with its production plans, marking an 8.3% increase compared to the previous quarter.

Highlights from Q2 2025

The company’s production figures for Q2 align perfectly with their guidance for the year. Management attributed this success to several operational enhancements undertaken in the first half of the year. Key initiatives included confirmatory drilling in high-grade areas, refining of block models, and the mobilization of new mining equipment at the Sadiola site. By hiring experienced local management in Mali and advancing stripping efforts at Bonikro and Agbaou, Allied has positioned itself for increased operational flexibility.

Operational Improvements and Cost Management

The operational enhancements have resulted in better productivity and fleet availability, contributing to a confident outlook. For the remainder of the year, the company anticipates that production in the second half will account for 55% of annual guidance, with higher production projected for Q4 at levels between 118,000 and 122,000 ounces.

Cost management has been a crucial focus as well. With total cash costs per ounce reported at $2,034, and All-in Sustaining Costs (AISC) at $2,343, the company expects costs to normalize to about $1,850 for the second half of the year, driven by higher gold prices and operational improvements. This strategic focus on cost efficiency is expected to positively impact cash flows, particularly in the fourth quarter when production is expected to spike significantly.

Expansion Efforts and Future Guidance

In light of ongoing exploration successes, Allied has committed $17 million in exploration expenditures. The investment is aimed at increasing inventory and extending the mine life through sustained drilling efforts across various projects including Sadiola, Côte d'Ivoire, and Kurmuk. The exploration budget has now been adjusted upward to $37 million for the full year, demonstrating the company’s commitment to future growth.

The strategic initiatives for the Kurmuk Project have also progressed well, with an eye toward starting production by mid-2026. With the bulk mining activities set to commence in Q3, Allied is actively preparing for subsequent operational ramps and commencement of mining activities.

With a solid operational performance in Q2 2025, including significant improvements across its asset portfolio, Allied Gold Corporation is poised for strong performance in the coming quarters, setting a foundation for sustainable growth and enhanced shareholder value. The company's strategic focus on enhancing production capacity and efficiency places it in a favorable position to leverage the evolving market dynamics in the gold sector.

The management team at Allied Gold is confident that their continued exploration and strategic enhancements will not only achieve but exceed production guidance for the year, paving the way towards becoming a leading player in the gold mining industry.

For further updates, the company plans to host a conference call on August 7, 2025, to provide insights and answer questions regarding their operations and future strategy. Investors and stakeholders are encouraged to participate and stay informed on Allied Gold’s developments.