Business
Allied Gold Announces 2025 Guidance and Near-Term Outlook
TORONTO, Feb. 20, 2025 /CNW/ - Allied Gold Corporation (TSX: AAUC) (OTCQX: AAUCF) ("Allied" or the "Company") herein provides its 2025 operating guidance and me
About this update from Allied Gold Corporation
[{"type":"text","content":" TORONTO, Feb. 20, 2025 /CNW/ - Allied Gold Corporation (TSX: AAUC) (OTCQX: AAUCF) (\"Allied\" or the \"Company\") herein provides its 2025 operating guidance and medium-term outlook, including updates to Mineral Reserves and Mineral Resources. Highlights The Company's producing mines are expected to produce between 375,000 and 400,000 gold ounces per year, as evidenced by the run rate delivered in the fourth quarter of 2024 of 99,632 gold ounces, which is consistent with Allied's previously provided guidance and outlook for production at its producing mines. Mine-site level All-In Sustaining Costs(1) (\"AISC\") for 2025 are expected to be between US$1,690 and US$1,790 per ounce, reflecting operational improvements and the implementation of the changes to the mining code in Mali. At Kurmuk, earthworks and structural fills at the plant terrace are near completion, while civil works and SMPP (structural, mechanical, plate, and piping) contractor mobilizations are in progress. Main camp construction, along with engineering and procurement activities remain on track and on budget. Mining activities are planned to start in the latter part of the first quarter and continue through the year and into 2026 with the objective of preparing the mine and building ore stockpiles to support the start of operations. Capital expenditures of US$280 million are anticipated for Kurmuk in 2025, with the remaining capital to completion and the first gold planned for the first half of 2026. Kurmuk is expected to deliver 175,000 gold ounces for the partial year of production in 2026, an average production level of approximately 290,000 gold ounces per annum over the first four years and 240,000 gold ounces per annum over the life of the mine at industry-leading All-In Sustaining Costs(1) (\"AISC\") costs below US$950 per ounce. The first phase of expansion at Sadiola commenced in the fourth quarter of 2024 and is advancing on schedule and on budget, with earthworks and structural fill, along with engineering, procurement, and mobilization for mechanical contractors progressing well. Continued investment in the first phase expansion, including planned plant modifications and infrastructure upgrades, is consistent with prior estimates at US$70 million in 2025. The first phase plant expansion involves installing additional crushing and grinding capacity i...