Allied Gold stock reports Kurmuk progress
Published on 09/25/2026 at 10:11 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Allied Gold Corporation stock stood at CAD 32.24 on the Toronto Stock Exchange on September 22, 2026, with a 2.68 percent gain over five sessions. The company has moved its Kurmuk mine in Ethiopia closer to production after connecting the site to the national power grid and feeding first ore through the crushing circuit, as GlobeNewswire reported on September 17, 2026.
Kurmuk sets the operating benchmark
Kurmuk is expected to produce 240,000 to 270,000 ounces of gold in its first full year, followed by 300,000 ounces in the second year. Over the first four years, the mine is expected to average 290,000 ounces annually, according to the September 17 company update.
The operating milestone matters because Kurmuk is designed to add a substantial production base to Allied Gold's existing portfolio. The investor relations page lists 2026 production guidance of 485,000 to 575,000 ounces and an approximately 800,000-ounce production target for 2029, Allied Gold states.
Q2 revenue declined from Q1
Allied Gold generated USD 366.298 million in revenue in Q2 2026, versus USD 394.11 million in Q1 2026, a decline of 7.1 percent. Q2 consolidated net income was USD 49.875 million, while diluted earnings per share reached USD 0.27.
External operating data cited by Investing News put second-quarter gold production at 97,400 ounces, revenue at USD 366.3 million and EBITDA at USD 165 million. The contrast between lower sequential revenue and Kurmuk's planned output makes the commissioning schedule the key operating variable for the next phase.
Stock holds above CAD 32
Allied Gold stock closed at CAD 32.24 on the Toronto Stock Exchange on September 22, 2026. The same quote showed a 2.68 percent five-session gain and a 2.51 percent increase since January 1, giving the Kurmuk milestone a measurable market context.
Allied Gold Corporation at a glance
- Company: Allied Gold Corporation
- Ticker: AAUC
- Trading venue: Toronto Stock Exchange
- Price: CAD 32.24, closing price on September 22, 2026
- Sector / Industry: Basic Materials / Gold
