Allied Gold Corporation (TSE:AAUC) has released an update.
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Allied Gold Corporation reports significant exploration successes and development progress at its Kurmuk Project in Ethiopia, with promising results suggesting a potential for increased mineral reserves and an extended mine life. The project is on course for its first gold production in 2026, anticipating an average annual output of over 290,000 ounces in the first five years. These developments support the company’s strategic goal of achieving a minimum of five million ounces of gold in mineral inventories and a life of mine exceeding 15 years.
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