Allied Gold Starts Ethiopia Production, Eyes Eightfold Jump in 2027 as Power Line Nears Completion - Birr Metrics

AI desk brief

Allied Gold reported Kurmuk’s first gold pour in Ethiopia on November 9, 2026, forecasting 25,000–35,000 ounces for the remainder of 2026 and 240,000–270,000 ounces in 2027. The roughly eightfold comparison reflects a partial year versus a planned full year, not like-for-like growth. Commercial production is expected before end-2026, with designed processing capacity in early 2027; the ramp-up depends on completing power infrastructure, mobilising the remaining haulage fleet and improving recoveries. Kurmuk would supply roughly 39–40% of Allied’s projected 2027 output, but the article establishes no material near-term bullion-price effect.