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Allied Gold Announces First Quarter 2025 Results: Achieving Strong Quarterly Production, Advancing Optimizations And Growth Projects
TORONTO, May 7, 2025 /CNW/ - Allied Gold Corporation (TSX: AAUC) (OTCQX: AAUCF) ("Allied" or the "Company") reports first quarter of 2025 production of 84,040 g
About this update from Allied Gold Corporation
[{"type":"text","content":" TORONTO, May 7, 2025 /CNW/ - Allied Gold Corporation (TSX: AAUC) (OTCQX: AAUCF) (\"Allied\" or the \"Company\") reports first quarter of 2025 production of 84,040 gold ounces at total cost of sales(4), cash costs(1) and All-in Sustaining Costs (\"AISC\")(1) per ounce sold of $1,838, $1,656, and $1,811, respectively. Production and costs were aligned with mine plans, positioning the Company to meet its guidance for the year. Sales of 131,520 gold ounces included 48,939 gold ounces of gold produced from Korali-Sud that were in inventory as at December 31, 2024, and were sold in the first quarter of 2025 as previously disclosed. FIRST QUARTER HIGHLIGHTS Financial Results Highlights Earnings: First quarter net earnings of $15.1 million or $0.05 per share. First quarter adjusted earnings(1) of $45.1 million or $0.14 per share. Cash Flows and EBITDA Net cash generated from operating activities for the quarter was $121.1 million. Operating cash flow before income tax paid and movements in working capital was a strong inflow of $100.8 million. EBITDA(1) and Adjusted EBITDA(1) for the three months ended March 31, 2025, were $103.2 million and $133.8 million, respectively. Strong Financial Position: As of March 31, 2025, the Company had cash and cash equivalents of $232.3 million. Subsequent to quarter end, Allied successfully closed on a bought deal public offering for total gross proceeds of $66.8 million, further enhancing the Company's strong balance sheet. Operational Highlights First Quarter Production: The Company produced 84,040 ounces of gold in the first quarter, in line with expectations, positioning the Company to meet its guidance for the year. As previously guided, production for the year is expected on the basis of 45%/55% for weighting between the first and second half, with the fourth quarter expected to be meaningfully higher than the first three quarters of the year. Performance by Asset: At Sadiola, production during the quarter was 45,232 ounces and included significant contributions from the Korali-Sud zone, demonstrating the significant production upside that new oxide orebodies can provide to Sadiola in anticipation of the start of production of the first phase expansion in the fourth quarter. At Bonikro, production was 19,671 ounces driven by stronger throughput and operational improvements. At Agb...