Allied Gold closes $175.04-million offering

Executive Summary

• Allied Gold Corp. has closed a previously announced overnight marketed public offering of common shares, raising aggregate gross proceeds of $175.04 million.
• The company issued 6.4 million common shares at a price of $27.35 per share.
• Net proceeds are designated for infrastructure optimization at the Sadiola mine, capacity increases at the Kurmuk plant, transitioning to owner mining, and general corporate purposes.

Key Details

• Transaction Structure: Overnight marketed public offering of common shares.
• Shares Issued: 6.4 million common shares.
• Price Per Share: $27.35.
• Gross Proceeds: $175.04 million.
• Underwriters/Bookrunners: Stifel Nicolaus Canada Inc., Canaccord Genuity Corp., and National Bank Financial Inc. (joint bookrunners), along with a syndicate including CIBC World Markets Inc. and Cormark Securities Inc.
• Use of Proceeds:
  • Finance optimization and growth initiatives, specifically accelerating infrastructure development for the next phase of expansion at Sadiola (including processing capacity improvements and energy program components).
  • Modify the plant under development at Kurmuk to increase average processing capacity for higher production levels.
  • Begin the transition to owner mining at one or more operations.
  • General corporate purposes to take advantage of corporate and asset-based opportunities.
• Listing: Shares listed on the Toronto Stock Exchange (TSX) and the New York Stock Exchange (NYSE).
• Regulatory Basis: Offered in Canada pursuant to a short-form prospectus supplement dated Oct. 20, 2025, and a base shelf prospectus dated Oct. 1, 2024. Offered in the US on a private-placement basis via confidential offering memorandum.
• Overallotment: Underwriters granted an overallotment option exercisable at their sole discretion; details set forth in the prospectus supplement.

Notable Quotes

• No direct quotes from management were included in the provided text.