Allied Gold expects full-year 2026 gold production of 385,000 to 425,000 ounces
Company expects Kurmuk Mine to produce 100,000 to 150,000 ounces in 2026
Allied Gold forecasts Kurmuk Mine output of 240,000 to 270,000 ounces in 2027
Q2 production and earnings
Canada gold miner's Q2 gold production rose 7% yr/yr to 97,429 ounces
Q2 adjusted net earnings reached $55.4 mln; all-in sustaining costs in line with plan
Company secured $295 mln strategic investment from Zijin Gold to fund growth projects
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Adjusted Net Earnings
$55.41 mln
Q2 Net Income
$37.24 mln
Result drivers and analyst coverage
BONIKRO PRODUCTION GROWTH - Higher gold output at Bonikro driven by mine sequencing and access to higher-grade ore following stripping and mine development in prior quarters
AGBAOU PRODUCTION INCREASE - Increased gold production at Agbaou attributed to higher ore mined and processed, and plant handling more fresh ore, aligned with mine sequence
OPERATIONAL IMPROVEMENTS - Optimization initiatives and process enhancements at Sadiola, Bonikro, and Agbaou supported cost control and production targets
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell". The average consensus recommendation for the gold peer group is "buy". Wall Street's median 12-month price target for Allied Gold Corporation is C$39.50, about 49.8% above its August 4 closing price of C$26.37. The stock recently traded at 3 times the next 12-month earnings vs. a P/E of 5 three months ago.
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