The stock is trading near the C$44 takeover price, limiting upside. The key catalyst is the May 29 outside date for the Zijin Gold deal — any delay or regulatory hiccup could create a small arbitrage gap. Monitor for regulatory approval announcements. If the deal closes, shares will be cashed out at C$44; if it falls through, the stock could re-rate to standalone value (~$30-35 range based on Q1 run-rate).
Price Chart
Executive Summary
Allied Gold reported Q1 2026 results with gold production up 14% YoY to 96,016 oz, revenue of $394.1M (+13.8% YoY), and adjusted EBITDA of $173.3M (+29.5% YoY). However, the company recorded a GAAP net loss of $58.3M ($0.47/share) vs. $15.1M profit a year ago, driven by $55.2M in share-based compensation and $37.8M in derivative losses. The key event is the ongoing Zijin Gold acquisition at C$44/share (~C$5.5B total value), with an outside closing date of May 29, 2026. All shareholder and court approvals have been obtained; regulatory approvals remain pending. The stock trades near the deal price, making this filing primarily a deal-progress update.
Key Facts
- Q1 2026 gold production of 96,016 oz, up 14% YoY from 84,040 oz
- Revenue of $394.1M, up 13.8% YoY from $346.4M
- GAAP net loss of $58.3M ($0.47/share) vs. net income of $15.1M ($0.14/share) in Q1 2025
- Adjusted net earnings of $48.6M ($0.39/share) vs. $45.1M ($0.41/share) in Q1 2025
- Adjusted EBITDA of $173.3M, up 29.5% YoY from $133.8M
- AISC of $2,264/oz sold, up from $1,811/oz in Q1 2025, driven by higher royalties from elevated gold prices
- Cash and cash equivalents of $424.2M as of March 31, 2026, down from $479.8M at Dec 31, 2025
- Zijin Gold acquisition at C$44/share, total value ~C$5.5B; outside closing date May 29, 2026
- All shareholder and court approvals obtained; regulatory approvals still pending
- Kurmuk project on track for first gold in mid-2026
Financial Impact
Revenue +13.8% YoY to $394.1M; adjusted EBITDA +29.5% to $173.3M; GAAP net loss of $58.3M vs prior-year profit of $15.1M due to non-cash charges
Risk Factors
- Zijin Gold deal may not close by May 29 outside date or at all if regulatory approvals are delayed
- Mali security situation could disrupt Sadiola operations
- AISC rose 25% YoY to $2,264/oz, compressing margins despite higher gold prices
- GAAP net loss driven by $55.2M share-based compensation and $37.8M derivative losses
Market Snapshot
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001171843-26-003442 |
| Document: f6k_051426.htm | 0001171843-26-003442 |
| Document: 0001171843-26-003442-index-headers.html | 0001171843-26-003442 |
| Document: 0001171843-26-003442-index.html | 0001171843-26-003442 |
| Document: 0001171843-26-003442.txt | 0001171843-26-003442 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 6, 2026 20d ago | 6-K | $20.19 $19.58 | ▼ −3.02% | ▼ −2.78% | $19.89 (−1.49%) |
Sep 17, 2026 5w ago | 6-K | $22.91 $22.38 | ▼ −2.31% | ▼ −3.86% | $19.89 (−13.18%) |
Aug 5, 2026 11w ago | 6-K | $20.67 $21.78 | ▲ +5.37% | ▲ +4.76% | $19.89 (−3.77%) |
Aug 5, 2026 11w ago | Press Release | $20.67 $21.78 | ▲ +5.37% | ▲ +4.76% | $19.89 (−3.77%) |
Jul 31, 2026 12w ago | 6-K | $18.23 $19.10 | ▲ +4.77% | ▲ +3.35% | $19.89 (+9.11%) |
Jul 29, 2026 12w ago | 6-K | $17.03 $17.84 | ▲ +4.76% | ▲ +3.08% | $19.89 (+16.79%) |
Jul 17, 2026 14w ago | 6-K | $20.82 $20.41 | ▼ −1.97% | ▼ −1.81% | $19.89 (−4.47%) |
May 29, 2026 21w ago | 6-K | $25.55 $25.78 | ▲ +0.90% | ▲ +0.76% | $19.89 (−22.15%) |
May 29, 2026 21w ago | Press Release | $26.17 $25.55 | ▼ −2.37% | ▼ −2.64% | $19.89 (−24.00%) |
May 21, 2026 22w ago | 6-K | $26.55 $27.32 | ▲ +2.90% | ▲ +2.45% | $19.89 (−25.08%) |
US Market Status
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