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ALLIED GOLD ANNOUNCES FIRST QUARTER 2024 RESULTS: ON TRACK FOR IMPROVING PRODUCTION, COSTS AND CASH FLOWS THROUGH THE REMAINDER OF THE YEAR WITH CORPORATE INITIATIVES FURTHER ENHANCING FINANCIAL FLEXIBILITY

Retrieved on: 
Thursday, May 9, 2024
AISC, Resource, Kurmuk, WSW, Depreciation, Pushback, FE4, PB5, Growth, Mineral Resources Limited, Engineering, Exercise, Gold, Hire, Allied Gold, Classification, FE3S, Anomaly, Soil, EPCM, Bonikro, FEED, Mining, Oume, S12, Uranium mining

Initiatives undertaken at the end of the fourth quarter, predominantly focused on crushing and screening, continued throughout the quarter and were successfully implemented.

Key Points: 
  • Initiatives undertaken at the end of the fourth quarter, predominantly focused on crushing and screening, continued throughout the quarter and were successfully implemented.
  • Diba continues to progress on plan, and is expected to deliver its first production later in the second quarter.
  • During the quarter, exploratory and Mineral Resource drilling programs were conducted on the Sadiola and Diba mining licenses.
  • For the three months ended March 31, 2024, Bonikro produced 18,631 ounces compared to 20,038 ounces in the comparative prior period.

ALLIED GOLD ANNOUNCES POSITIVE EXPLORATION RESULTS AT KURMUK'S TSENGE GOLD PROSPECT AND NEW OXIDE DISCOVERIES AT SADIOLA, SUPPORTING THE COMPANY'S OBJECTIVES TO EXTEND MINE LIFE AND INCREASE PRODUCTION

Retrieved on: 
Wednesday, April 10, 2024
Project, RC, AISC, Strike, Heel, Diamond, Resource, Kurmuk, Integration, Anomaly, TSX, FE4, Mineral Resources Limited, Oxide, Gold, DGPS, Allied Gold, FE3S, Soil, EST, Growth, S12, Mining

Significant increases to these figures are expected through further exploration at Tsenge and other near mine targets.

Key Points: 
  • Significant increases to these figures are expected through further exploration at Tsenge and other near mine targets.
  • The Tsenge area (see Figure 5), one of four prioritized areas for Mineral Resource expansion, continues to demonstrate prolific geological potential.
  • Enhancement of Mineral Resource Base: These results mark a critical step toward defining a considerable orebody at Tsenge, supporting Allied Gold's strategy to significantly extend and improve Kurmuk's production profile and augment Mineral Resources.
  • Allied is currently progressing the construction activities for the Project, anticipating commencement of production in mid-2026 after completing the planned $500 million capital investment.

ALLIED GOLD ANNOUNCES FOURTH QUARTER AND YEAR END 2023 RESULTS: ESTABLISHING A SUSTAINABLE PRODUCTION PLATFORM WHICH LAYS THE FOUNDATION FOR SIGNIFICANT GROWTH AT IMPROVING COSTS

Retrieved on: 
Tuesday, March 26, 2024
FEED, Bonikro, Longevity, Growth, Mineral Resources Limited, LTI, PB5, AISC, Capital expenditure, Gold, Line of credit, Capital, Engineering, Mineral, TSX, Mining, FE4, Hire, EPCM, Depreciation, Sustainability, Oxide, S12, Total, Hand, Printed circuit board

Cash flows from operating activities are expected to materially increase in 2024, with increased production contributions and lower costs driving sequential improvements.

Key Points: 
  • Cash flows from operating activities are expected to materially increase in 2024, with increased production contributions and lower costs driving sequential improvements.
  • Strong quarterly production of 94,755 oz, representing a meaningful increase over third quarter production of approximately 12%.
  • Fourth quarter production demonstrates the ability of Allied's mines to exceed a minimum expected annual production of at least 375,000 oz, before further optimizations and costs improvements.
  • In 2024, Allied anticipates producing 375,000 to 405,000 oz of gold at a mine-site AISC(1) of $1,400/oz.