Allied pours first gold at Kurmuk - Mining.com.au

AI desk brief

Allied Gold has poured first gold at Ethiopia’s Kurmuk mine, targeting commercial production by end-2026 and nameplate capacity in early 2027. Output is forecast at 25,000–35,000 ounces in 2026, 240,000–270,000 ounces in 2027 and about 300,000 ounces in 2028. Full power infrastructure and haulage-fleet mobilisation are scheduled for November, with delivery of the production forecasts dependent on the ramp-up. Allied forecasts group output rising from 400,000–435,000 ounces in 2026 to 615,000–670,000 ounces in 2027; the update chiefly affects its operating outlook and does not establish a material near-term bullion-price effect.