Allied Gold Exceeds Production Guidance, Eyes Further Growth in Q3

Allied Gold Corporation (TSX: AAUC, NYSE: AAUC) released its preliminary operating results for Q2 2026 on July 29. The company produced 97,429 gold ounces in the second quarter and 193,445 gold ounces for the first half of 2026.

This marks a 7% increase from the same period last year. Bonikro delivered the strongest contribution, Sadiola improved through the quarter, and Agbaou continued its planned transition to fresh ore.

The company's All-in Sustaining Costs (AISC) for the second quarter are expected to be below $2,200 per ounce of gold sold due to increased production, mine sequencing, and operational improvements. The realized gold price for spot sales was approximately $4,380 per ounce in Q2.

Allied Gold's cash balances are estimated at $190 million as of the end of Q2. This is primarily due to growth capital expenditures, particularly for the development of the Kurmuk Mine, as well as normal-course and expected tax payments and working capital movements during the period.