Ethiopia’s Kurmuk Gold Mine Moves Closer to Commercial Production - 2Merkato

AI desk brief

Ethiopia’s Kurmuk gold mine is moving through commissioning, with grid connection completed and first ore processed; management expects a first gold pour during hot commissioning, though this is still pre-commercial testing. Allied Gold guides to 240,000-270,000 oz in the first full year, rising to around 300,000 oz in year two, with average annual output of about 290,000 oz over the first four years.

The project carries a 15-year mine life target and 2.7 million oz of proven and probable reserves across Dish Mountain and Ashashire. The ramp-up adds prospective supply from Ethiopia and underlines the country’s push to expand mineral exports and FX earnings.