Northwire Canada EditionTuesday, November 10, 2026
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Gold 4,030.20 −2.0% Silver 51.29 −2.7% Copper 6.23 −1.9% Oil 86.48 −0.4% Palladium 1,023.75 +0.2% SMP 0.050 +0.0% FUSE 0.020 −20.0% COPR 0.380 +1.3% WSK 0.170 +0.0% GAL 0.375 −1.3% VCG 1.05 +2.9% LVX 0.255 −25.0% RAMP 0.250 −7.4% QTWO 1.71 +5.9% SUM 1.28 −3.0% SGML 7.44 −10.9% BOGO 0.750 −5.1% SGC 0.095 +0.0% MANU 0.172 +15.0% GMA 0.200 +0.0% ONAU 0.460 −3.2% Gold 4,030.20 −2.0% Silver 51.29 −2.7% Copper 6.23 −1.9% Oil 86.48 −0.4% Palladium 1,023.75 +0.2% SMP 0.050 +0.0% FUSE 0.020 −20.0% COPR 0.380 +1.3% WSK 0.170 +0.0% GAL 0.375 −1.3% VCG 1.05 +2.9% LVX 0.255 −25.0% RAMP 0.250 −7.4% QTWO 1.71 +5.9% SUM 1.28 −3.0% SGML 7.44 −10.9% BOGO 0.750 −5.1% SGC 0.095 +0.0% MANU 0.172 +15.0% GMA 0.200 +0.0% ONAU 0.460 −3.2%
Drill Results

Gold Demand Just Broke a Record - Supply Can't Keep Up

Zijin Gold Strikes C$5.5 Billion All-Cash Deal to Secure Allied’s African Tier-1 Gold Portfolio

By The Northwire Desk — AI Analysis Mar 02, 2026 · 09:15 AAUC · 43.18 Allied Gold Corporation
Executive Summary

The most recent news (February 18, 2026) confirms the preliminary Q4 2025 operating results and provides a critical update on the pending acquisition by Zijin Gold International. Allied Gold produced 117,004 ounces in Q4 2025, exceeding guidance and bringing full-year production to 379,081 ounces. The company announced a definitive agreement to be acquired by Zijin for C$44.00 per share in cash, representing a 27% premium over the 30-day VWAP. A special meeting for shareholder approval is set for March 31, 2026, with closing expected in late April 2026.

Material Impact
  • Financial Impact: The C$44.00 per share all-cash offer provides immediate liquidity and crystallizes value at an all-time high for shareholders. This removes the execution risk associated with the massive Kurmuk construction and Sadiola Phase 2 expansion.
  • Operational Impact: Q4 2025 production of 117k oz at an AISC of $1,980/oz shows the company successfully executed its ramp-up strategy. The Sadiola Phase 1 expansion is complete, and Kurmuk remains on schedule for mid-2026.
  • Strategic Impact: The entry of Zijin Gold, a major global miner, validates the "Tier-1" status of the Sadiola and Kurmuk assets. For Allied shareholders, the "Game Changer" is the shift from a high-growth, high-capex developer to a guaranteed cash exit.
AAUC · Price
Company Overview

Allied Gold is a Canadian-based gold producer with a portfolio in Africa. - Flagship Project 1: Sadiola (Mali): A world-class mine with 7.2 Moz in reserves. Phase 1 expansion (completed Q4 2025) allows processing of fresh ore. Phase 2 aims for 400k oz/year. - Flagship Project 2: Kurmuk (Ethiopia): A major development project on track for mid-2026 production, expected to produce 240k-290k oz/year at an AISC below $950/oz. - Côte d’Ivoire Complex: Stable production from Bonikro and Agbaou.

Read the original news release →

More from Allied Gold Corporation

Nov 09, 2026 · 17:00

Allied hit first gold at Kurmuk, confirming the ramp-up phase while maintaining unchanged guidance as execution remains the primary test for the project.

Production / Operations Nov 04, 2026 · 17:24

Allied cut its 2026 production guide and saw AISC creep at the Kurmuk project, defining the latest financial print.

Earnings Oct 29, 2026 · 06:00

Allied’s Kurmuk start-up is delayed as first gold production slips and 2026 output guidance is cut.

Production / Operations Oct 06, 2026 · 07:30

Allied reports strong Kurmuk widths extending known zones, though a C$3.9B producer will not re-rate on one hole.

Drill Results Sep 17, 2026 · 17:00

Allied’s Kurmuk grid and crushing milestone de-risk the project, though first gold remains ahead.

Production / Operations Aug 10, 2026 · 17:00

Allied shares trade at a steep discount to the $44 acquisition offer after the Zijin deal closed at $32.55.

Financings