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Allied Gold Corp T.AAUC.DB.U


Primary Symbol: T.AAUC Alternate Symbol(s):  AAUCF

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

Post by Dartmam32on Oct 03, 2024 12:12pm
169 Views
Post# 36251843

Liers

LiersTwo months ago Mr Marrone wrote this,

Allied is arranging a minimum $250-million Kurmuk funding package comprising a gold stream and a gold prepay facility on the Kurmuk development project. This comprehensive funding solution is expected to close by the end of September, 2024. The prospective stream validates the opportunities at Kurmuk, including its strong geological upside potential and has attracted significant interest at an attractive cost of capital.

Today he did the exact opposite. Can we not believe what he says any longer. He had no explanation why the group that was going to do the steaming deal backed away. Are there problems in Ethiopia!!!
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