Business
Allied Gold Confirms Normal Course Conduct of Business and Provides Update on Ongoing Approvals Process Relating to Zijin Gold Transaction
TORONTO, April 28, 2026 (GLOBE NEWSWIRE) -- Allied Gold Corporation (“Allied Gold” or the “Company”) (TSX: AAUC) (NYSE: AAUC) confirms the normal course conduct
About this update from Allied Gold Corporation
[{"type":"text","content":" TORONTO, April 28, 2026 (GLOBE NEWSWIRE) -- Allied Gold Corporation (“Allied Gold” or the “Company”) (TSX: AAUC) (NYSE: AAUC) confirms the normal course conduct of business at its operating mines in Mali and Côte d’Ivoire and its development project in Ethiopia including operations at the Sadiola Gold Mine which is located in the Kayes Region in western Mali and at which the first phase expansion has recently been completed. The Company’s mines continue to operate normally with production and other site activities proceeding in line with expectations. Development of Kurmuk in Ethiopia continues as planned with commencement of production expected in the third quarter this year. Exploration efforts across the Company’s portfolio of assets also continue to deliver positive results which corroborate the Company’s view that mine lives across all mines and projects will increase. Allied Gold also provides an update regarding its previously announced transaction (the “Arrangement”) with Zijin Gold International Company Limited (“Zijin Gold”) pursuant to an arrangement agreement between the Company and Zijin Gold dated January 26, 2026. The Company and Zijin Gold are in continuous dialogue planning for an orderly transition on completion of the Arrangement. Both companies continue to diligently and cooperatively advance the customary regulatory approvals necessary to complete the Arrangement, with the objective of closing in a timely manner within the timeframe set out in the Arrangement Agreement. The arrangement agreement provides for an outside date for closing of May 29, 2026 subject to extension in certain circumstances. In light of recent events in Mali involving the conflicts between government and insurgent groups, the Company also wishes to report that while its business operations in Mali continue in the normal course, with such activities occurring at far distances from the Company’s operations, the Company continues to monitor the situation and take precautions to ensure the safety and wellbeing of persons employed by the Company in the country. About Allied Gold Allied Gold is a Canadian-based gold producer with a significant growth profile and mineral endowment, operating a portfolio of three producing assets and development projects located in Côte d'Ivoire, Mali, and Ethiopia. Led by a team of mining executives with ope...