Allied Gold (“Allied”) has released a comprehensive exploration update for the company’s Sadiola mine in Mali where it has committed a US$12m budget for 2025, with similar levels planned for future years. Sadiola accounts for 50% of our NAV for Allied (US$2.19bn) and two-thirds of the company’s current reserve (7.2Moz out of 10.8Moz), including the Korali Sud deposit. Following a phased plant expansion, production should double to ~400koz/year over the medium term. The expansion will also enable ....
