Allied gold begins wet commissioning at Kurmuk mine, targets first gold within days - Capital Newspaper

AI desk brief

Allied Gold has begun wet commissioning at its Kurmuk gold mine in western Ethiopia and expects ore into the plant within days, with first gold pour targeted shortly after. The company sees 25,000-35,000 oz of output in Nov-Dec 2026, rising to 55,000-65,000 oz in Q1 2027, with 2027 guidance at 240,000-270,000 oz and 2028 production around 300,000 oz.

Kurmuk carries Proven and Probable Reserves of 2.7 Moz across the Dish Mountain and Ashashire deposits and is designed for a 15-year mine life with average annual production of at least 240,000 oz. The project’s ramp-up is a modestly bearish supply signal for gold over the medium term, adding new mined output as the processing plant stabilises.