Allied Gold Achieves First Gold Pour at Kurmuk Mine, Ethiopia - News and Statistics - IndexBox

AI desk brief

Allied Gold confirmed first gold pour at Ethiopia’s Kurmuk mine, targeting 25,000–35,000 oz this year, 240,000–270,000 oz in 2027 and about 300,000 oz in 2028. The company expects a significant ramp-up toward commercial production by end-2026, following anticipated completion of remaining power infrastructure and mobilisation of the full haulage fleet this month. Allied forecasts consolidated output of 615,000–670,000 oz in 2027, versus 400,000–435,000 oz this year. The milestone primarily advances its production and cash-flow growth plans; delivery depends on the ramp-up, and the article does not establish a material near-term bullion-price effect.