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Allied Gold to Begin Kurmuk Production in August, Upholds 2026 Guidance

Jul 29, 2026, 7:37 AM EDT1 sourcesAI-analyzed

Why it may matterVerify against the original reporting

Positive quarterly results, Kurmuk ramp-up, low AISC, solid cash balance, and a strategic investor all support a near-term re-rating and potential price appreciation into August and 2H26.

AI summary

What happened, with direct paths to the underlying reporting

Allied Gold reported solid Q2 2026 production (97,429 oz) and H1 output (193,445 oz), aligning with guidance. The Kurmuk Mine is on track to start in August, with further ramp-up in 2H26 and 2027–2028 targets above 240,000 oz annually. AISC are expected below $2,200/oz, with $4,380/oz realized prices, underpinning cash flow strength and a $190m cash balance, aided by Zijin Gold’s strategic investment and near-term insider purchases.

Q2 2026 gold: 97,429 oz; H1: 193,445 oz. In line with guidance and plans.
Kurmuk Mine starts August 2026; ramp-up in 2H on budget and schedule.
Q2 AISC below $2,200/oz; realized price about $4,380/oz supporting strong margins.
Cash balances around $190 million at 6/30; liquidity supported by Zijin Gold investment.
Chairman and Vice Chairman to buy Allied shares; signals management confidence.

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