Allied Gold Corporation: A New Milestone in Gold Production
Toronto, March 26, 2025 – Allied Gold Corporation (TSX: AAUC) (OTCQX: AAUCF) (“Allied” or the “Company”) is thrilled to announce its unaudited financial and operational results for the fourth quarter of 2024. With a production of 99,632 ounces of gold, Allied not only surpassed its previous guidance of 98,000 ounces to 102,000 ounces but also set a new record for the highest production by quarter of the year and since the Company went public.
Financial Highlights
The strong fourth-quarter performance led to a total gold production of 377,388 ounces for the full year 2024, marking a significant increase from the 350,000 ounces produced in 2023. This growth in production resulted in a total revenue of $1.5 billion for the year, a substantial increase from the $1.2 billion recorded in 2023.
Operational Highlights
Allied’s operational excellence continued throughout the year, with an all-in sustaining cost (“AISC”) of $950 per ounce, below the Company’s guidance of $975 to $1,025 per ounce. This impressive achievement was made possible through a combination of operational efficiencies and the successful implementation of cost-saving measures.
Impact on Shareholders and Investors
This impressive fourth-quarter performance and full-year results demonstrate Allied’s commitment to delivering value to its shareholders and investors. The Company’s continued growth in production and revenue, combined with its focus on cost control, positions Allied well for a strong future in the gold mining industry.
Impact on the World
Allied’s production growth is not only beneficial for the Company and its stakeholders but also contributes positively to the global economy. The increased demand for gold, driven by Allied’s production and that of other mining companies, supports the prices of the precious metal. Furthermore, the revenue generated from gold production can be used to fund various social and environmental initiatives, contributing to sustainable development.
Looking Ahead
Allied remains focused on continuing its operational excellence and growth strategy. With a strong balance sheet, a robust pipeline of development projects, and a commitment to responsible mining practices, Allied is well-positioned to capitalize on the opportunities in the gold mining industry and create value for all its stakeholders.
In conclusion, Allied Gold Corporation’s impressive fourth-quarter and full-year production results underscore the Company’s commitment to delivering value to its shareholders and investors. The positive impact of Allied’s growth extends beyond its own operations, contributing to the global economy and sustainable development. With a strong balance sheet, a robust pipeline of development projects, and a focus on responsible mining practices, Allied is poised for a successful future in the gold mining industry.
- Allied Gold Corporation reports record-breaking gold production in Q4 2024
- Total gold production for the year reached 377,388 ounces
- AISC came in below guidance at $950 per ounce
- Allied’s strong performance benefits shareholders, investors, and the global economy
- Company remains focused on operational excellence and growth strategy
