Monitor Kurmuk production ramp-up in Q4 2026 and Q1 2027, as it is expected to be the lowest-cost operation and drive significant cash flow growth. The proposed share buyback and dividend policy signal management's confidence in free cash flow generation, but execution risk remains on the Sadiola expansion and cost inflation.
Price Chart
Executive Summary
Allied Gold reported Q3 2026 revenue of $358.1M, up 17% YoY from $305.6M, and net earnings of $29.1M ($0.22 per basic share) versus a net loss of $17.9M in Q3 2025. Gold production rose 5% to 91,195 ounces, and the Kurmuk Mine commenced production, with total 2026 production guidance of 400,000-435,000 ounces. The company also announced plans for a potential base dividend in 2027 and a proposed normal course issuer bid to repurchase up to 10% of its public float.
Key Financial Metrics
Key Facts
- Q3 2026 revenue of $358.1M, up 17% from $305.6M in Q3 2025
- Net earnings of $29.1M ($0.22 per basic share) vs net loss of $17.9M in Q3 2025
- Gold production of 91,195 ounces, up 5% YoY
- Kurmuk Mine commenced production; 2026 total production guidance of 400,000-435,000 ounces
- Plans for potential base dividend in 2027 and proposed normal course issuer bid to repurchase up to 10% of public float
- Cash and cash equivalents of $379.1M as of September 30, 2026
- Adjusted EBITDA of $139.8M for Q3 2026, up from $109.8M in Q3 2025
Financial Impact
Revenue increased by $52.5M (17%) YoY; net earnings improved by $47.0M from a loss to a profit
Segment Breakdown
| Segment | Revenue | Growth |
|---|---|---|
| Sadiola | $164.4M | +8.5% |
| Bonikro | $114.7M | +48.9% |
| Agbaou | $79.0M | +2.4% |
Risk Factors
- Geopolitical risks in Mali, Cote d'Ivoire, and Ethiopia
- Cost inflation from transportation, fuel, and consumables impacting AISC
- Execution risk on Kurmuk ramp-up and Sadiola expansion
- Gold price volatility and hedge settlements reducing realized prices
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001171843-26-007123 |
| Document: f6k_110426.htm | 0001171843-26-007123 |
| Document: 0001171843-26-007123-index-headers.html | 0001171843-26-007123 |
| Document: 0001171843-26-007123-index.html | 0001171843-26-007123 |
| Document: 0001171843-26-007123.txt | 0001171843-26-007123 |
| Earnings Context (Synthetic; results releases only) | 0001171843-26-007123 |
Track record
21 reports on AAUC
3 of 5 bullish or bearish reports moved the stock their way by T+1. Best: +16.30% at T+20 after the Aug 5, 2026 report. 3 of 5 went positive at some point.
Filters
- Nov 10, 2026today SC 13G/A Neutral Not scored Entry price pending
- Nov 9, 20261d ago 6-K Bullish 5/10 Entry $23.65 Now $22.41 −5.24% settles Nov 11
- Nov 6, 20264d ago Institutional Cluster Neutral 3/10 Entry $23.10 to $23.53 Now $22.41 −2.99% ▲ +1.86% −0.50% vs SPY
- Nov 4, 20266d ago 6-K Bullish 5/10 Viewing No price data
- Nov 4, 20266d ago Press Release Neutral 5/10 No price data
- Nov 4, 20266d ago 6-K Neutral 5/10 Entry $21.79 to $23.10 Now $22.41 +2.85% ▲ +6.01% +5.70% vs SPY
- Oct 29, 202612d ago 6-K Neutral 4/10 Entry $19.66 to $18.80 Now $22.41 +13.99% ▼ −4.37% −2.60% vs SPY
- Oct 6, 20265w ago 6-K Neutral 4/10 Entry $20.19 to $19.58 Now $22.41 +11.00% ▼ −3.02% −2.78% vs SPY
- Sep 17, 20267w ago 6-K Bullish 6/10 Entry $22.91 to $22.38 Now $22.41 −2.18% ▼ −2.31% −3.86% vs SPY
- Aug 5, 202613w ago 6-K Bullish 7/10 Entry $20.67 to $21.78 Now $22.41 +8.42% ▲ +5.37% +4.76% vs SPY
US Market Status
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