ALLIED GOLD LAUNCHES ENERGY PROGRAM AT SADIOLA TO DELIVER EFFICIENT, RELIABLE AND LOWER-COST POWER FOR PHASED EXPANSION

Executive Summary

• Allied Gold announced the launch of a multi‑stage energy program at its Sadiola mine aimed at reducing power costs by up to 45% and lowering All‑In Sustaining Costs (AISC) from $150–$200/oz.
• The plan includes adding 14 MW of modern diesel generators (early 2026), installing a ~35 MW photovoltaic plant with 30 MWh battery storage (mid‑2027), and later introducing medium‑speed thermal generators plus expanded solar/BESS capacity (2027‑2028).
• The program is being financed through a mix of upfront and deferred payments, minimizing near‑term capital outlay while supporting the Phase 1 and Phase 2 expansions that target 20 MW and 32 MW average loads respectively.

Key Details

• Initial Diesel Expansion: ~14 MW of state‑of‑the‑art diesel generators to be completed by early 2026, reducing reliance on legacy units.
• Photovoltaic & BESS Phase 1: ~35 MW solar plant paired with a 30 MWh battery system slated for mid‑2027, expected to supply ≈40% of Phase 1 energy needs.
• Medium‑Speed Thermal Generation: Deployment between 2027‑2028 to improve efficiency and further cut operating costs.
• Solar & BESS Expansion (Phase 2): Target peak solar capacity up to 60 MW and battery storage up to 45 MWh to meet Phase 2’s ~32 MW average load.
• Cost Impact: Energy cost reductions projected at 20% after initial PV/BESS installation, rising to 45% once full hybrid solution is in place; AISC expected to fall from $150‑$200/oz accordingly.
• Financing Structure: Combination of upfront and deferred payments for diesel, solar, and BESS components; medium‑speed thermal generators funded within existing Sadiola expansion capital budget.
• Partner Engagement: African Power Services (APS) retained to design and deliver the initial stages of the power solution.
• Production Outlook: Phase 1 plant modifications to enable treatment of up to 5.7 Mt/y of fresh ore, supporting gold production of 200‑230 k oz/year in the medium term.
• Upcoming Disclosure: Third‑quarter 2025 operational and financial results to be released after market close on 2025‑11‑05, with a conference call/webcast on 2025‑11‑06.

Notable Quotes

(No direct quotes were provided in the release.)