TSX:AAUCMetals and Mining
Why Allied Gold (TSX:AAUC) Is Up 7.4% And What's Next
Allied Gold reported that the Kurmuk Mine in Ethiopia is now connected to the national grid, with first ore processed through the crushing circuit and roughly 1,000,000 tonnes stockpiled to support the ramp-up toward commercial production.
The 88-kilometre power line built by Ethiopian Electric Power, backed by a 20-year power purchase agreement at about US$0.04 per kilowatt-hour, supports Kurmuk’s potential role as a low-cost contributor to Allied Gold’s portfolio.
This development provides...