Allied Gold pours first gold at Ethiopia’s Kurmuk mine

AI desk brief

Allied Gold poured first gold at Ethiopia’s Kurmuk mine, forecasting 25,000–35,000 oz in 2026 and 240,000–270,000 oz in 2027. Commercial production is scheduled for end-2026 and full designed capacity for early 2027, but the ramp-up depends on completing power infrastructure, mobilizing haulage and achieving targeted recoveries; sustained commercial production remains unproven. Allied forecasts consolidated output of 615,000–670,000 oz in 2027, versus 400,000–435,000 oz in 2026, with growth also supported by Sadiola’s expansion. The milestone primarily affects Allied’s operating outlook; the article does not establish a material near-term bullion-price effect.