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Allied Gold Corporation (TSE:AAUC)
TSX:AAUC
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Earnings Data
Report Date
Apr 01, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.25Last Year’s EPS
-0.03Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 10, 2023
|% Change Since: 6.81%
|Next Earnings Date:Aug 21, 2023
Earnings Call Sentiment|Positive
The earnings call presented a positive outlook with significant production increases expected in Q4, strong revenue and profit growth, and successful project advancements and financing strategies. However, challenges with higher costs due to new regulations in Mali and delays in Korali-Sud production created some negative pressures. Overall, the company is positioned for growth with a strong financial and operational foundation.Company Guidance
In the Q3 2024 earnings call for Allied Gold (AAUC.TO), several key metrics and guidance were highlighted. The company reported revenue of $188.9 million and a gross profit, excluding depreciation and amortization, of $66.3 million, marking a 7% and 56% increase, respectively, from the previous year. The net loss was $108 million, or $0.43 per share, but after adjustments, the adjusted net earnings were $0.20 per share. Production for Q4 is projected to be between 98,000 and 102,000 ounces, which would represent a 17% increase over Q3. The company anticipates sustaining a production platform of 375,000 to 400,000 ounces annually from its Sadiola and Cote d'Ivoire operations. Cash and cash equivalents at the quarter's end stood at $95 million, with pro forma cash of $257 million following an equity offering. The company is also advancing its Kurmuk project and a Phase 1 expansion at Sadiola, aiming for completion in 2025. These projects are expected to stay on schedule and within budget, with capital expenditures for Kurmuk revised down to $100 million from an initial estimate of $155 million.Production Increase Forecast
Expected production in Q4 is forecasted to be between 98,000 to 102,000 ounces, representing a 17% increase over Q3.
Revenue and Profit Growth
Revenue increased by 7% to $188.9 million, and gross profit excluding depreciation and amortization increased by 56% to $66.3 million compared to last year.
Kurmuk Project Progress
The Kurmuk project is on schedule and under budget, with capital expenditures now expected to be approximately $100 million, down from the original estimate of $155 million.
Operational Improvements in Cote d'Ivoire
Plant upgrades resulted in milling rate increases of 15% and 39% at Agbaou and Bonikro respectively.
Successful Financing Strategy
Pro forma cash increased to $257 million following an equity offering, supporting optimization and growth initiatives.
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TSE:AAUC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:AAUC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | C$3.82 | C$3.53 | -7.59% |
| Aug 08, 2024 | C$2.95 | C$2.96 | +0.34% |
| May 09, 2024 | C$3.49 | C$3.32 | -4.87% |
| Mar 26, 2024 | C$3.21 | C$3.40 | +5.92% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Allied Gold Corporation (TSE:AAUC) report earnings?
Allied Gold Corporation (TSE:AAUC) is schdueled to report earning on Apr 01, 2025, TBA Not Confirmed.
What is Allied Gold Corporation (TSE:AAUC) earnings time?
Allied Gold Corporation (TSE:AAUC) earnings time is at Apr 01, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:AAUC EPS forecast?
TSE:AAUC EPS forecast for the fiscal quarter 2024 (Q4) is 0.25.
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