Allied Gold Corp CFO lays out ambitious expansion plans for African assets

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[{"type":"text","content":"Allied Gold Corp CFO lays out ambitious expansion plans for African assets\n \n \n (NewsDirect)\n \n \n \n \n Allied Gold Corp (TSX:AAUC) Chief\nFinancial Officer Jason LeBlanc speaks to Thomas Warner from Proactive\nabout the future of a business that describes itself as Africa's\nfastest-growing gold producer. LeBlanc explains that Allied Gold Corp\nis a newly public entity, having recently listed on the Toronto Stock\nExchange.\n \n \n The company boasts a\ncurrent production of 375,000 ounces of gold, with a market cap of\naround $1 billion. Leblanc highlights the company's ambitious\ngrowth plans, aiming to double its production to 800,000 ounces by\n2029.\n \n \n By 2026, they anticipate a\nproduction increase to over 600,000 ounces, with projects spanning\nboth West and East Africa. A recent financing of $267 million will be\ninstrumental in achieving these growth targets.\n \n \n He explains that\nAllied Gold's assets are strategically located in Mali and Cote\nd'Ivoire, with a developmental asset in Ethiopia, and goes on to\ndiscucss the company's management, which is largely comprised of\nformer executives from Yamana Gold. Leblanc considers the company to\nbe undervalued by the market as present, suggesting a potential value\nof over $3 billion, compared to its current trading value of $1\nbillion. With a focus on optimising assets and bringing new projects\nto fruition, Allied Gold Corp is poised for significant growth in the\ncoming years.\n \n \n \n Contact Details\n \n \n \n \n Proactive United\nStates\n \n \n \n Proactive United States\n \n \n +1\n347-449-0879\n \n \n \n [email protected]\n \n \n \n Copyright (c) 2023 TheNewswire - All rights reserved.\n \n \n","length":2107,"tagName":"div"}]

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