Allied Gold Reports Q3 2026 Results, Begins Production at the Kurmuk Mine and Delivers Strong Performance at the Côte D’Ivoire Complex

(TSX: AAUC) Allied Gold Corporation reported its financial and operational results for the third quarter of 2026. The company produced 91,195 ounces of gold in the quarter, a 5% increase over the prior-year period, at all-in sustaining costs (AISC) of $2,378 per ounce sold. Net earnings for the third quarter were $29.1 million, or $0.22 per basic share and $0.20 per fully diluted share, with adjusted earnings of $49.3 million, or $0.37 per basic share. Net cash generated from operating activities was $12.3 million, after income tax payments and working capital investments, while operating cash flows before income tax and working capital movements were $115.6 million. EBITDA and adjusted EBITDA for the quarter were $121.0 million and $139.8 million, respectively. As of September 30, 2026, cash and cash equivalents totaled $379.1 million. Gold sales in the quarter were 92,532 ounces. At Sadiola, production was 42,291 ounces; at Bonikro, production was 28,644 ounces with AISC of $1,670 per ounce sold; and at Agbaou, production was 20,260 ounces. Combined production from Bonikro and Agbaou (CDI Complex) was 48,904 ounces in the quarter and 150,165 ounces for the nine months ended September 30, 2026. Gross profit excluding DDA for the CDI Complex was $110.9 million in the quarter, compared to $74.5 million in the prior-year period. Consolidated cost of sales, cash costs, and AISC were $2,416, $2,181, and $2,378 per ounce sold, respectively. Average revenue per ounce for at-market sales was $4,293, resulting in an AISC margin of approximately $1,915 per ounce, with settlements under the gold collar program reducing average revenue by $371 per ounce. Production for the nine months ended September 30, 2026 was 284,640 gold ounces, a 9% increase over the prior-year period. For 2026, operating mines are expected to produce 375,000 to 400,000 gold ounces, with Kurmuk expected to contribute 25,000 to 35,000 ounces, for a total of 400,000 to 435,000 ounces. In 2027, Kurmuk is expected to contribute 240,000 to 270,000 ounces, increasing total production to 615,000 to 670,000 ounces. By 2029, annual production is targeted at approximately 800,000 ounces. At Kurmuk, commissioning began in the third quarter, with ore introduced into the plant and production ramping up. Kurmuk is supported by a 20-year power purchase agreement with a fixed energy charge of $0.04 per kWh. On October 6, 2026, the company reported results from 149 holes totaling 28,003 metres drilled at Kurmuk since October 2025. The company aims to grow Kurmuk Mineral Resources to more than 5 million ounces over five years. At Sadiola, the Phase 1 crushing and milling circuit reached full production in Q2 2026, and construction of the pre-leach thickener is ongoing, with commissioning targeted for Q2 2027. The staged energy program at Sadiola is expected to reduce AISC by $150 to $200 per ounce once fully implemented. The Agbaou mine life has been extended to 2030, and Bonikro to 2036, with Proven and Probable Mineral Reserves at Oumé of approximately 585,000 ounces and an additional 101,000 ounces from Stage 6 at Bonikro. The company plans to process low-grade stockpiles at a rate of 15,000 to 20,000 ounces per year beginning in late 2026 to early 2027. In the third quarter, 232 holes totaling 31,976 metres were drilled across the company's properties. Allied Gold is advancing a shareholder returns policy, including a potential base dividend commencing in 2027 and a proposed normal course issuer bid to repurchase up to 10% of its public float, subject to TSX approval. On July 29, 2026, the company announced the termination of the Zijin Gold transaction and entered into a subscription agreement with Zijin Gold for a non-brokered private placement of approximately $295 million (C$417 million) through the issuance of approximately 12.8 million common shares at C$32.55 per share, which closed on August 10, 2026. On closing, Zijin Gold owned approximately 9.2% of the company's issued and outstanding common shares.

Allied Gold Advances Wet Commissioning at Kurmuk as Plant Nears First Gold

(TSX: AAUC; NYSE: AAUC) Allied Gold Corporation provided a comprehensive update on the Kurmuk Mine in Ethiopia as it advances toward production startup. Mining activities and ore stockpiles are proceeding according to plan, with ore stockpiles close to the planned level of approximately three months of plant feed ahead of the November ramp-up. The crushing circuit and supporting infrastructure are complete and operating well, with the crushed ore stockpile continuing to build. Process support systems and infrastructure are also complete. Wet commissioning is underway, with water transfer from the main storage dam into the processing plant commenced, allowing for progressive wet-commissioning and testing of processing circuits. The SAG mill and ball mill drives are energized, with testing and commissioning nearing completion. Ore is expected to be introduced into the circuit this week, with first gold targeted soon thereafter. All mine and plant infrastructure, including the water storage facility, tailings storage facility, main access road, and mining service areas, is complete, supporting readiness for production ramp-up toward commercial production this year and strong first quarter and full year production next year. Production is expected to increase through November and December, with total production of between 25,000 to 35,000 gold ounces and commercial production expected during this period. Production in Q1 2027 is expected to increase sequentially month over month, with quarterly production of 55,000 to 65,000 gold ounces and a monthly average production of approximately 20,000 gold ounces. Production guidance for 2027 remains in the range of 240,000 to 270,000 gold ounces, with a production outlook of approximately 300,000 gold ounces in 2028. For the first four full years of operations, average annual production is expected to be approximately 300,000 gold ounces. Recent exploration results at Ashashire, Dish Mountain, and the Tsenge Trend, reported on October 6, 2026, are advancing the objective of sustaining average annual production of approximately 300,000 gold ounces beyond the initial four years, as well as increasing mine life and mineral inventory. The company has reached an agreement with local stakeholders, including artisanal miners, to advance exploration cooperatively into new prospective areas while supporting local communities. This agreement is expected to drive the advancement of new targets across the broader Kurmuk property and contribute to longer-term objectives for mineral inventory growth and mine life extension. Allied expects to release its third quarter 2026 financial and operating results after market close on November 4, 2026, and will host a conference call and webcast on November 5, 2026, at 9:00 a.m. ET. All scientific and technical information in the release has been reviewed and approved by Sébastien Bernier, P.Geo (Senior Vice President, Technical Services), and exploration information by Don Dudek, P.Geo, Chief Exploration Officer.

Allied Gold Reports Resource Growth and Mine Life Extension Potential from Exploration Program as the Kurmuk Mine Completes Commissioning and Begins Operations

(TSX:AAUC) Allied Gold reports resource growth and mine life extension potential from its exploration program as the Kurmuk Mine completes commissioning and begins operations. The company announces exploration progress at the Kurmuk Mine. The announcement states that the Kurmuk Mine has completed its commissioning phase. The Kurmuk Mine has now begun operations. Allied Gold highlights resource growth achieved through its exploration program. The company identifies mine life extension potential as a result of the exploration program. The announcement focuses on the Kurmuk Mine as the primary project. The company provides an update on exploration progress at the Kurmuk Mine. The release emphasizes the completion of commissioning and the start of operations at the Kurmuk Mine. Allied Gold attributes resource growth and mine life extension potential to its ongoing exploration activities. The company underscores the significance of the Kurmuk Mine in its operational portfolio. The announcement does not provide specific figures for resource growth, mine life extension, or production volumes. No financial figures, grades, widths, or ounces are disclosed in the announcement. No named executives or quoted remarks are included in the source text. No license, permit, or court-case identifiers are mentioned. No counterparties, agencies, or courts are referenced. No material dates, deadlines, or docket numbers are provided. The announcement does not mention any locations.

Allied Gold Announces Preliminary Second Quarter 2026 Operating Results

(TSX: AAUC, NYSE: AAUC) Allied Gold Corporation reported preliminary operating results for the quarter ended June 30, 2026, producing 97,429 gold ounces in the second quarter and 193,445 gold ounces for the half year. All-in Sustaining Costs (AISC) for the second quarter are expected to be below $2,200 per ounce of gold sold, with realized gold prices for spot sales in the second quarter at approximately $4,380 per ounce. As of June 30, 2026, cash balances are estimated at $190 million, with the difference from the previous quarter-end attributable to growth capital expenditures, particularly for the development of the Kurmuk Mine. The Kurmuk Mine's start of operations is expected in August, with first gold following a few weeks thereafter, and is projected to contribute between 100,000 and 150,000 gold ounces for 2026. The company targets production of between 240,000 and 270,000 gold ounces in 2027 and approximately 300,000 gold ounces in 2028 from the Kurmuk Mine, all at industry-leading costs. Mineral Reserves and Mineral Resources updates for Agbaou demonstrate an increase of more than 60% over the year-end 2025 estimates, extending mine life to 2030. Liquidity will be further strengthened by the proceeds of the recently announced strategic investment by Zijin Gold.

Allied Gold Announces Termination of Arrangement Agreement with Zijin Gold and a US$295 Million Strategic Investment in Allied Gold by Zijin Gold

(TSX: AAUC, NYSE: AAUC) Allied Gold Corporation announced that the previously announced arrangement agreement between the Company and Zijin Gold International Company Ltd. has been terminated as both companies have concluded that there is no reasonable likelihood that the conditions relating to completion of the Transaction will be fulfilled by the outside date of July 29, 2026 or within any reasonable time thereafter. Zijin Gold has agreed to make a strategic investment in Allied of approximately US$295 million, at a subscription price representing a premium to the current market price of the Company’s common shares on the Toronto Stock Exchange. Zijin Gold will subscribe for approximately 12.8 million common shares of the Company at a price of C$32.55 per Subscription Share, for aggregate gross proceeds of approximately US$295 million (approximately C$417 million). On completion of the Strategic Investment, Zijin Gold will hold approximately 9.2% of the issued and outstanding common shares of the Company. Completion of the Strategic Investment is subject to the approval of the TSX and the New York Stock Exchange and is expected to occur on or about August 10, 2026. The net proceeds of the Strategic Investment are expected to be used by the Company for the continued advancement of its growth initiatives, including operational optimizations, the completion and ramp-up of Kurmuk, the phased expansion of Sadiola, production increases at the CDI Complex, and exploration efforts across the Company’s portfolio.