TSX:AAUCMetals and Mining
Will Allied Gold’s C$175 Million Equity Raise and Mine Expansion Shift Its Narrative (TSX:AAUC)?
Allied Gold Corporation recently completed a follow-on equity offering of 6,400,000 common shares at C$27.35 per share, raising C$175.04 million to support processing capacity expansion and mine development initiatives.
The company also announced preliminary third quarter results, producing over 87,000 ounces of gold and reaffirming guidance for higher fourth quarter output, supported by the commissioning of its Sadiola mine expansion in December.
We'll examine how this fresh capital...