November 5th, 2025

The earnings call for Allied Gold demonstrates a strong operational performance in the third quarter, with significant progress on key projects and an optimistic outlook for the future. Despite geopolitical risks in Mali and the impact of higher gold prices on costs, the company's robust cash generation, successful project expansions, and anticipated improvements in production and costs in the coming quarters contribute to a positive sentiment overall.

Company Guidance

In the recent conference call, Allied Gold provided an optimistic outlook for the upcoming fiscal quarter and beyond, with several key metrics highlighted. The company reported a solid Q3 production of over 87,000 ounces, setting a strong foundation for Q4, where they anticipate a notable increase of up to 40% in production at Sadiola and Bonikro. Financially, Allied Gold achieved an adjusted EBITDA of just under $110 million and an operating cash flow nearing $200 million. The all-in sustaining costs were reported at $2,092 per ounce, reflecting an 11% decrease from the previous quarter. The company holds a cash balance of over $262 million, positioning it well for continued project development. The Sadiola Phase 1 expansion and Kurmuk development are progressing, with Kurmuk expected to commence production by mid-2026. Allied Gold reiterated its guidance for a production level exceeding 375,000 ounces in 2025, aiming for consistent quarterly outputs of 100,000 ounces at improved costs.