AAUC · First gold at Kurmuk Mine

Allied Gold announced first gold pour at its Kurmuk Mine in Ethiopia, a key milestone for its lowest-cost operation. The company provided production targets of 25,000-35,000 oz in 2026, ramping to 240,000-270,000 oz in 2027, with consolidated production expected to rise 54% in 2027. This is an operational milestone, not a financial results release, so no earnings data is reported.

• First gold poured at Kurmuk Mine in Ethiopia, the company's lowest-cost operation.
• Kurmuk targeting 25,000-35,000 gold ounces in 2026, 240,000-270,000 oz in 2027, ~300,000 oz in 2028.
• Consolidated production expected 400,000-435,000 oz in 2026, rising to 615,000-670,000 oz in 2027 (54% increase over 2026 midpoint).
• Company targeting ~800,000 oz per year of sustainable production by 2029 via Sadiola expansion.