Key Points
- Allied Gold forecasts record fourth-quarter gold output from its African mines.
- Bonikro and Sadiola mines drive higher grades and improved efficiency.
- The miner targets over 375,000 ounces in 2025 production guidance.
Allied Gold Corporation expects its fourth-quarter gold output to be the strongest of the year. The company projects higher grades and better performance from its Bonikro and Sadiola mines as it completes the first phase of the Sadiola expansion in December.
The TSX- and NYSE-listed miner produced 87,020 ounces of gold in the third quarter ending September 30. The figure met company expectations and showed steady operations.
It was slightly below the 91,017 ounces recorded in the second quarter but higher than the 84,040 ounces in the first.
Higher Output From Bonikro and Sadiola
The Sadiola mine in Mali produced 42,174 ounces of gold in the third quarter. Bonikro and Agbaou in Côte d’Ivoire delivered 21,953 and 22,893 ounces, respectively.
Allied Gold said production in the fourth quarter would benefit from earlier stripping that opened access to richer ore zones. Output at Bonikro is expected to rise by up to 40 percent compared with the average of the past quarters.
Expansion Progress and Steady Operations
The company reported that Sadiola’s operations were stable, with adequate supplies and logistics in place. It expects fourth-quarter production to grow by up to 40 percent from previous levels. That performance should help meet full-year guidance and set up stronger output in 2026.
Allied Gold forecasts annual production above 375,000 ounces, in line with its guidance range of 375,000 to 400,000 ounces from existing mines.
Strong Sales Despite Net Loss
The company sold 92,099 ounces of gold in the third quarter. Sales exceeded production because of inventory carried over from the previous quarter. Despite that, Allied Gold posted a net loss of $17.9 million for the period.
Formal guidance for 2026 will be issued early next year. Management expects yearly output to reach the upper end of its target range, with steadier results across quarters.
