TSX:AAUCMetals and Mining
Why Allied Gold (TSX:AAUC) Is Up 19.9% After Kurmuk Ramp-Up, Profit Return And Zijin Deal
Allied Gold Corporation recently reported past second-quarter 2026 results showing higher sales of US$366.3 million and a return to quarterly profitability, alongside updated 2027–2028 production guidance following the commissioning of its Kurmuk Mine.
The cancellation of the Zijin takeover, replaced by a premium-priced private placement that gives Zijin a 9.2% stake, leaves Allied Gold independent while still bringing in US$416.64 million in fresh capital.
Next, we’ll examine how the Kurmuk...