Allied Gold (“Allied”) has released an exploration update from the company’s Kurmuk development project in Ethiopia that currently hosts a reserve of 2.7Moz with an M&I resource of 3.1Moz. Kurmuk should enter production in mid-2026 with annual production of 240koz at an All In Sustaining Cost (“AISC”) of US$950/oz, well below the Q3’25 industry average of US$1,680/oz. The long-term objective of the exploration programme is to increase the M&I resource to 5Moz, including at least 500koz within 10 ....
