Allied Gold Completes Kurmuk Mine Commissioning in Ethiopia and Reports Exploration-Driven Resource Growth

Allied Gold Corporation (TSX/NYSE: AAUC) announced on October 6 that its Kurmuk Mine in western Ethiopia has completed commissioning and begun operations, marking a major production milestone for the company. Kurmuk had been the centerpiece of Allied Gold's growth strategy, with the mine expected to contribute 100,000 to 150,000 ounces of gold in 2026, lifting the company's total annual production guidance to 485,000-575,000 ounces, up from 379,081 ounces produced across its portfolio in 2025.

Alongside the commissioning announcement, Allied Gold reported new drill results from its ongoing exploration program at Kurmuk showing resource growth and mine life extension potential. The Kurmuk deposit previously held 3.12 million ounces of gold in Measured and Indicated Resources and 0.3 million ounces in Inferred Resources, and the company has targeted a minimum of five million ounces in mineral inventory at the project. Recent drilling has intersected mineralization at the limits of the deposit and identified hydrothermal breccias with higher-than-average gold grades, with additional assay results pending.

The completion of commissioning at Kurmuk follows a September 2026 update in which Allied Gold confirmed it had energized the power line connecting the mine to the grid and fed first ore to the crushing circuit. The mine is expected to become one of the company's premier assets, generating significant growth in gold production and cash flows as it ramps up through the second half of 2026.