Allied Gold reports exploration-driven resource growth potential at Kurmuk mine as operations begin

Bitget2026/10/06 11:32

Allied Gold reported exploration-driven resource growth potential at its Kurmuk Mine in western Ethiopia as commissioning finished and operations began. First ore to the grinding circuit expected imminently; first gold expected shortly thereafter. Mine plan calls for at least 240,000 oz/year life-of-mine output, averaging about 300,000 oz/year in the first four years. Drilling extended Ashashire and Dish Mountain beyond current pit limits, supporting potential reserve growth from 2.7 million oz proven and probable reserves. Initial mineral resource estimate for Tsenge Trend targets Kiftet and Hiccup Hill expected in H1 2027 to support mine-life extension. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Allied Gold Corporation published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202610060730PRIMZONEFULLFEED9840425) on October 06, 2026, and is solely responsible for the information contained therein.

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