Allied Gold Announces Commencement of Ore Processing at Sadiola's Phase 1 Expansion, Progress on Capital Efficient Modular Phase 2 Expansion, and Update on Production for Q4

Executive Summary

• Allied Gold has commenced processing ore through the new fresh‑ore comminution circuit (Phase 1) at its Sadiola mine, enabling a shift of fresh‑ore feed from ~20% to ~60% and an expected throughput of 5.7 Mt/yr.
• Phase 1 is projected to lift annual gold production at Sadiola to 200–230 koz (≈17‑30% above 2023 levels) and contribute to total 2025 production of >375 koz, maintaining the company’s full‑year guidance.
• The company is advancing studies for a modular Phase 2 expansion slated for late 2026, which will further increase capacity and metallurgical recoveries.

Key Details

• Phase 1 Expansion: New fresh‑ore comminution circuit now operational; fresh‑ore proportion in feed to rise to ~60%; expected throughput 5.7 Mt per annum.
• Production Impact – Sadiola:
• Q4 2025 production forecast ≈60 koz (≈40% increase vs. prior quarters).
• Full‑year Sadiola output projected at 200–230 koz, a 17‑30% rise over 2023 levels.
• Company‑wide Production: Expected total 2025 gold output >375 koz, up ~13% YoY for the quarter and ≈30% vs. prior quarters.
• Phase 2 Planning: Final studies underway to define a modular, capital‑efficient upgrade; pre‑leach thickener installation planned for 2026; plant control system upgrades also in progress.
• Future Outlook: First full quarter of 2026 anticipated to be the first with higher‑grade fresh‑ore feed fully integrated; Phase 2 expected to deliver additional production gains by 2029.

Notable Quotes

(No direct quotes were provided in the release.)