Production Growth
On 2026-08-05, Allied Gold Corporation announced its financial and operating results for the second quarter of 2026. The company produced 97,429 ounces of gold in Q2, up 7% year-on-year, in line with expectations. The company said it plans to increase production in the second half of the year, mainly driven by operational improvements and mine sequencing at existing mines, as well as the commissioning of its newest mine, Kurmuk.
Project Progress
Quarterly operating cash flow (before income tax and working capital changes) was $133 million, with net operating cash flow of -$67.4 million. The company expects capital expenditures to decline as Kurmuk development work nears completion, and cash balances to increase over the remainder of the year.