Allied Gold Corp (AAUC)

Allied Gold Corporation is a Canadian-based emerging senior gold producer. It owns three operating gold mines, a significant gold development project, and exploration properties across Africa, principally in Mali, Côte d'Ivoire and Ethiopia. The company plans to grow through expansion and optimization at its existing mines, development of new mines, advancement of its exploration properties and, where appropriate, consolidation opportunities with a primary focus on Africa. It operates its mines and projects under common corporate oversight. It reports production costs using all-in sustaining costs per ounce of gold sold, and silver is a by-product credit.

The portfolio is organized around its properties. The Sadiola gold mine (80% owned) is in the Kayes Region of West Mali. The Kurmuk gold development project (100% owned) is in Western Ethiopia, about 750 km from Addis Ababa. The Côte d'Ivoire Complex comprises the Bonikro gold mine (89.89% owned; two exploitation permits, Bonikro and Hiré, plus the two Dougbafla exploration permits) and the Agbaou gold mine (85% owned). Both are about 100 km south of Yamoussoukro. The two mines are run as separate operations without shared infrastructure but are managed as one business unit to reduce in-country overhead. The company believes future exploration could allow new deposits to use a combined installation. Allied also runs an Energy Program that it plans to continue scaling, and it has gold prepay arrangements under which it delivers gold.

Allied's business is focused on gold mining in emerging African markets, with operations in Mali, Côte d'Ivoire and Ethiopia. Its principal product is gold, and it reports on its Mineral Reserves and Mineral Resources under the CIM Standards. It has entered into an arrangement agreement with Zijin Gold, and completion depends on regulatory and other approvals. It also has a remaining payment due under the Kurmuk interest acquisition.

The company's head and registered office is at Royal Bank Plaza, North Tower, 200 Bay Street, Toronto, Ontario. It was incorporated in British Columbia in 2021 as Mondavi Ventures Ltd. in a spin-out from ECC Diversified Inc. It continued to Ontario and took its current name in August 2023, then completed a reverse takeover in September 2023 and listed on the Toronto Stock Exchange. Its common shares have also traded on the New York Stock Exchange under the symbol "AAUC" since June 2025. Its operations are held through subsidiaries, and its risk disclosures cite competition in the precious metals mining industry, reliance on existing infrastructure and supply chains, and use of third-party contractors.