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Allied Gold Corp T.AAUC

Alternate Symbol(s):  AAUCF | T.AAUC.DB.U

Metals & Mining Gold
Allied Gold Corporation is a gold producer. It operates a portfolio of three producing assets and development projects located in Cote d'Ivoire, Mali, and Ethiopia. Its portfolio includes Sadiola Mine, Cote d’Ivoire Complex, and Kurmuk Project. The Sadiola Mine is an open pit gold mine, located in the Kayes region of Mali, and the Diba open pit gold mine, 15 kilometers (km) south of the processing plant at Sadiola. The CDI complex includes the Agbaou and Bonikro mills, located only 20 km from each other, along with several open pit deposits located in the highly prospective Birimian gold belt. Its Agbaou and Bonikro Mine is an open pit gold mine, located in the Oume region of Cote d’Ivoire. The Kurmuk Project is an advanced stage development project in the Benishangul-Gumuz region of Ethiopia. The project design encompasses the Dish Mountain and Ashashire deposits, with numerous exploration targets across the Kurmuk Project’s expansive 1,450 square kilometers exploration territory.


TSX:AAUC - Post by User

Allied Gold Corp
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Post by Betteryear2on Aug 07, 2024 9:39pm
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Post# 36168760

ALLIED GOLD ANNOUNCES $53 MILLION STREAMING AGREEMENT

ALLIED GOLD ANNOUNCES $53 MILLION STREAMING AGREEMENTTORONTO, Aug. 7, 2024 /CNW/ - Allied Gold Corporation (TSX: AAUC) ("Allied" or the "Company") is pleased to announce that it has entered into a streaming transaction (the "Stream Transaction") with Triple Flag International Ltd., a wholly-owned subsidiary of Triple Flag Precious Metals Corp. (collectively, "Triple Flag"). Under the terms of the agreement, Allied will receive a US$53 million upfront cash payment (the "Advance Amount") and an ongoing payment equal to 10% of the spot gold price. Triple Flag will have the right to purchase 3% of the payable gold produced at each of the Agbaou and Bonikro mines, subject to a step-down to 2% after set delivery thresholds.

ALLIED GOLD ANNOUNCES $53 MILLION STREAMING AGREEMENT WITH TRIPLE FLAG (newswire.ca)
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