Allied Gold

What Allied Gold does

Allied Gold Corporation is a Canadian-domiciled gold mining company operating a portfolio of producing and development-stage assets across West and East Africa. The company was taken public in 2023 under the leadership of former Yamana Gold executives led by Chairman and CEO Peter Marrone, and its common shares trade on the TSX and NYSE under the symbol AAUC. Allied operates three producing mines: Sadiola in Mali (80% owned), and the Côte d'Ivoire Complex comprising Bonikro (89.9%) and Agbaou (85%). The portfolio is anchored by the development-stage Kurmuk Project in Ethiopia (93% owned), which is targeting first gold in mid-2026. As of December 31, 2025, Allied reported 11.2 Moz Au of 2P reserves and 15.3 Moz Au of M&I resources across its assets, including a 1,450 km² exploration footprint at Kurmuk.

The company's core technology stack is built on conventional open-pit mining combined with phased processing capacity expansions, including fresh-ore comminution circuits, carbon-in-leach (CIL) processing, and a hybrid diesel-solar-battery energy program at Sadiola targeting 40% renewable power by 2028. Allied is also studying the Albion process for fresh-ore recovery improvement. Full-year 2025 production reached a record 379,081 ounces at a realized Q1 2026 gold price of $4,775/oz and a consolidated AISC of $2,264/oz. 2026 production guidance is 485,000-575,000 ounces, with a long-term target of approximately 800,000 ounces by 2029 driven by Sadiola expansion and Kurmuk ramp-up.

Allied's revenue model is direct commodity sales: gold produced from its mines is sold into global markets at prevailing LBMA spot prices, with no tiered pricing or recurring contracts. The company is the subject of a definitive agreement to be acquired by Zijin Gold International at C$44 per share, valuing the transaction at approximately C$5.5 billion and providing an all-cash exit for shareholders. Shareholders approved the deal with 99.54% support on March 31, 2026, with closing subject to remaining regulatory approvals, including Chinese regulatory clearance extended to a July 29, 2026 outside date.

Name

Allied Gold

Legal name

Allied Gold Corporation

Website

https://alliedgold.com

Company type

Public

Founded year

2023

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Allied Gold Corporation is a Canadian-listed gold mining company operating producing mines in Mali and Côte d'Ivoire plus the development-stage Kurmuk Project in Ethiopia, selling gold into global commodity markets. As of 2025, it produces roughly 380,000 ounces annually and targets approximately 800,000 ounces by 2029.

Ownership category

akta.pro rank

Product category

Gold Mining

NAICS

Gold Ore and Silver Ore Mining (212220)

SIC

Gold And Silver Ores (1040)

akta.pro primary industry

Gold Mining (IMAKAEAA)

Keywords

• Gold mining
• Open pit mining
• Gold production
• Mineral exploration
• Ore processing

Headquarters

HQ city

Toronto

HQ country

Canada

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Supply Chain, Personnel, Infrastructure, Technology or R&D

Revenue model

1. Gold Mining and Production: Allied Gold generates revenue through the extraction and sale of gold from its three producing mines (Sadiola in Mali, Bonikro and Agbaou in Côte d'Ivoire) and the development-stage Kurmuk Project in Ethiopia. Gold is sold at prevailing market prices. The company reported Q1 2026 production of 96,016 ounces, full-year 2025 production of 379,081 ounces, and expects 485,000-575,000 ounces in 2026. Average realized gold price in Q1 2026 was $4,775 per ounce. Revenue from Q1 2026 was $394.1 million. The company also holds streaming arrangements including a 50% uncapped gold offtake-stream on Bonikro production held by Vox Royalty.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels6 records

Core offering

Allied Gold Corporation is a gold mining company that operates and develops a portfolio of gold assets in Africa. The company produces gold from three operating mines — Sadiola in Mali and the Bonikro and Agbaou mines forming the Côte d'Ivoire Complex — and is developing the Kurmuk Project in Ethiopia, with first gold targeted for mid-2026. Gold produced is sold into global commodity markets at prevailing market prices.

Product overview

Allied Gold Corporation operates as a gold mining company with a diversified portfolio of producing and development-stage assets across Africa. The company's core product portfolio consists of three producing gold mines (Sadiola Mine in Mali, and the Bonikro and Agbaou mines forming the Côte d'Ivoire Complex) plus the Kurmuk Project in Ethiopia under development. The company produces gold ounces through open-pit mining operations and is pursuing phased expansions to increase production capacity from approximately 375-400 Koz Au currently to 485-575 Koz Au in 2026 and ~800 Koz by 2029. Allied Gold's common shares trade on the TSX and NYSE under the symbol AAUC.

Differentiator

Problem solved

Functional benefit

Products and services

• Sadiola Mine

Quantifiable outcome

• Full-year 2025 gold production of 379,081 ounces, exceeding guidance of above 375,000 ounces
• +4 more outcomes

Named customers1 record

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Four partnerships are on record, tiered core and minor.

• Vox Royalty Corp.coreStrategic or Co-development Partner · 10 June 2026Vox Royalty holds a 50% uncapped gold offtake-stream contract on Allied Gold's Bonikro mine in Côte d'Ivoire. The stream was extended to 2036 representing approximately a 400% increase compared to the 2023 technical report life-of-mine production profile. Vox Royalty stands to receive potential average deliveries of approximately 60,000 ounces per annum through 2036, with the mine producing over 120,000 ounces of gold per year.
• African Power ServicescoreTechnology or Integration · 14 October 2025African Power Services is partnering with Allied Gold to implement a three-year integrated energy program at the Sadiola gold mine in Mali (2026-2028). The program will deploy 35 MW solar capacity and 30 MWh battery storage alongside diesel generators, with renewable sources projected to provide approximately 40% of the mine's power by 2028. The initiative aims to reduce AISC by $150-200 per ounce and carbon emissions by up to 60,000 tonnes annually.
• Ethiopian Electrical Power CompanycoreTechnology or Integration · 1 September 2025The Ethiopian Electrical Power Company is advancing power line construction for the Kurmuk Project in Ethiopia, expected to be completed before commissioning. Pre-commissioning activities began in Q2 2026 with first gold expected mid-2026.
• Capital LtdminorStrategic or Co-development Partner · 19 June 2025Capital Ltd has been awarded a three-year borehole drilling contract at Allied Gold's Côte d'Ivoire operations for exploration drilling services. Capital's subsidiary MSALABS also provides laboratory services including Chrysos PhotonAssay technology.

Scale indicators12 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Endeavour Mining: Senior West African gold producer with multiple producing mines in Côte d'Ivoire, Burkina Faso, and Senegal. Most directly comparable to Allied on geography (overlapping Birimian belt footprint), scale (~1 Moz/yr production), and mid-cap senior gold profile.
• IAMGOLD Corporation: Mid-tier gold producer with producing assets in Burkina Faso (Essakane) and West African exploration/development pipeline. Directly comparable to Allied on West African focus, mid-cap size, and production profile in the 300-500K oz/yr range.
• B2Gold Corp. Mid-tier gold producer with operating mines in Mali (Fekola), Namibia, and the Philippines. Directly comparable to Allied on African mid-cap gold production, Mali presence, and a growth pipeline combining producing assets with development projects.
• Perseus Mining: West African-focused gold producer operating Edikan (Ghana) and Sissingué/Yaouré (Côte d'Ivoire). Closely comparable to Allied's Côte d'Ivoire Complex on Birimian-belt geology, mid-cap scale, and multi-asset West African strategy.
• Resolute Mining: African gold producer with operating mines in Mali (Syama) and Ghana. Comparable to Allied on West African operating jurisdiction, similar production scale, and exposure to Birimian greenstone belt geology.

Broad incumbents

• Barrick Gold Corporation: World's largest gold producer with major African assets including Loulo-Gounkoto (Mali). Comparable to Allied as a major African gold producer, though Barrick operates at materially larger scale with a globally diversified portfolio.
• Newmont Corporation: Largest gold miner globally, with West African assets including Ahafo and Akyem (Ghana). Comparable to Allied on African gold exposure and gold-mining focus, but operates at substantially larger scale with a globally diversified portfolio.
• AngloGold Ashanti: Major global gold producer with significant African operations including Geita (Tanzania) and Obuasi (Ghana). Comparable to Allied on African gold exposure and senior producer profile, but at materially larger scale and with broader geographic diversification.
• Gold Fields Limited: Major gold producer with African assets including Tarkwa and Damang (Ghana) and South Deep (South Africa). Comparable to Allied on African gold focus and senior producer profile, though substantially larger and globally diversified.
• Kinross Gold Corporation: Senior gold producer with West African assets including Tasiast (Mauritania) and Chirano (Ghana). Comparable to Allied on African gold exposure and mid-to-senior cap profile, though at larger scale and with broader geographic diversification.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/allied-gold-corporation
• Xtwitter.com/AlliedGoldLtd

Revenue estimate

Valuation estimate

Number of profiles

Profiles17 records

Subsidiaries5 records

Funding overview

Funding rounds5 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Allied Gold