Allied Gold Announces First Gold at Kurmuk Mine - The Manila Times

AI desk brief

Allied Gold announced first gold at Ethiopia’s Kurmuk mine, targeting 25,000–35,000 ounces in 2026, 240,000–270,000 in 2027 and approximately 300,000 in 2028. The company expects commercial production by end-2026 and nameplate capacity in early 2027, conditional on completing power infrastructure and mobilizing the full haulage fleet in November, alongside improving recoveries. Allied forecasts consolidated output of 615,000–670,000 ounces in 2027 versus 400,000–435,000 in 2026. The milestone primarily advances Allied’s growth outlook; projected supply remains dependent on successful ramp-up and reliable infrastructure, and the release does not establish a material near-term bullion-price effect.