Allied Gold pours first gold at its newest mine

Allied Gold Corporation has achieved its first gold pour at the Kurmuk mine in Ethiopia.

Kurmuk is the company’s newest producing asset and is expected to become its lowest-cost mining operation.

“The project, operations, and in-country teams have done an outstanding job bringing Kurmuk from a greenfield site to its first gold pour. It has been a privilege to see our Ethiopian and international teams working side by side in a spirit of cooperation and collaboration to make this milestone a reality. We also recognize the strong support and collaboration of the Government of Ethiopia in advancing Kurmuk, which is among the first large-scale mechanized mines in the country. This is a landmark development that supports the country’s ambition to establish a modern, large-scale mining industry,” said Management and the Board of Directors.

The mine is expected to produce between 25,000 and 35,000 ounces of gold in 2026, before ramping up to 55,000–65,000 ounces in the first quarter of 2027. Full-year production for 2027 is forecast at between 240,000 and 270,000 ounces, with output projected to reach approximately 300,000 ounces in 2028.

Over its first four years of operation, Kurmuk is expected to maintain average annual production of around 300,000 ounces. Production over the mine’s entire life is forecast to average approximately 240,000 ounces annually.

Allied Gold is also pursuing further exploration to identify additional resources and potentially extend the mine’s operating life. The company is focusing on higher-grade deposits closer to the surface, with the aim of sustaining annual production of approximately 300,000 ounces for longer than currently planned.