Allied Gold Corporation ( (TSE:AAUC) ) has shared an announcement.
Allied Gold Corporation reported record quarterly gold production of 99,632 ounces for the fourth quarter of 2024, aligning with its guidance and marking the highest quarterly output since going public. Despite a net loss of $10.3 million, the company achieved a strong financial position with cash and cash equivalents of $225 million, bolstered by strategic transactions and inventory sales. The company continues to advance its optimization and growth projects, aiming for further cost improvements and production increases.
More about Allied Gold Corporation
Allied Gold Corporation is a company in the mining industry, primarily focused on gold production. It operates mines in locations such as Sadiola and Côte d’Ivoire, with a market focus on increasing production and optimizing costs.
YTD Price Performance: 24.74%
Average Trading Volume: 516,352
Technical Sentiment Signal: Sell
Current Market Cap: C$1.56B
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