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Allied Gold Corporation (TSE:AAUC)
TSX:AAUC
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Allied Gold Corporation (AAUC) AI Stock Analysis

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TSE:AAUC

Allied Gold Corporation

(TSX:AAUC)

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Neutral 41 (OpenAI - 4o)
Rating:41Neutral
Price Target:
C$20.00
▼(-4.49% Downside)
Allied Gold Corporation's overall stock score is primarily impacted by its financial performance and technical analysis. Despite revenue growth and improved cash flow, the company faces significant profitability challenges and bearish technical indicators. The valuation is further weakened by a negative P/E ratio and lack of dividend yield. The positive sentiment from the earnings call is not factored into the score due to its exclusion from the weighted calculation.

Allied Gold Corporation (AAUC) vs. iShares MSCI Canada ETF (EWC)

Allied Gold Corporation Business Overview & Revenue Model

Company DescriptionAllied Gold Corporation operates as a gold producer and explorer in Africa. Its flagship project is the Sadiola Gold Project, an open pit mine located in Western Mali, West Africa. Allied Gold Corporation is based in Toronto, Canada.
How the Company Makes MoneyAllied Gold Corporation generates revenue primarily through the extraction and sale of gold. The company operates several gold mines and exploration projects, which contribute to its production output. Revenue is primarily derived from selling gold bullion in the global market, benefiting from fluctuating gold prices. Additionally, the company may engage in joint ventures or partnerships with other mining firms to share resources and expertise, further enhancing its operational capacity and market reach. Factors such as gold market prices, operational efficiency, and successful exploration efforts significantly influence its earnings.

Allied Gold Corporation Earnings Call Summary

Earnings Call Date:Nov 05, 2025
(Q3-2025)
|
% Change Since: |
Next Earnings Date:Apr 01, 2026
Earnings Call Sentiment Positive
The earnings call for Allied Gold demonstrates a strong operational performance in the third quarter, with significant progress on key projects and an optimistic outlook for the future. Despite geopolitical risks in Mali and the impact of higher gold prices on costs, the company's robust cash generation, successful project expansions, and anticipated improvements in production and costs in the coming quarters contribute to a positive sentiment overall.
Q3-2025 Updates
Positive Updates
Strong Q3 Operational Performance
Q3 saw solid production of just over 87,000 ounces, strong cash generation with just under $110 million of adjusted EBITDA, and operating cash flow of nearly $200 million.
Sadiola Phase 1 Expansion Progress
Significant progress on the Sadiola Phase 1 expansion with mechanical installation of the new mill and crushing circuit complete, and the mobile pebble crusher ready for December commencement.
Improved All-in Sustaining Costs
All-in sustaining costs of $2,092 per ounce were down 11% compared to the second quarter, with further reductions expected in Q4.
Agbaou Production Increase
Agbaou saw a 43% increase in production quarter-over-quarter, driven by higher grades and throughput.
Strong Cash Position
Cash balances at the end of the third quarter were just over $262 million, providing strong liquidity for upcoming projects.
Positive Outlook for Q4 and 2026
Expectations for Q4 are high with production expected to be up to 40% higher than Q3, and significant improvements in costs and financial performance anticipated for 2026.
Negative Updates
Geopolitical Risks in Mali
Challenges in Mali due to recent fuel supply disruptions and potential for civil unrest, although these issues are currently not impacting the mines directly.
Higher Royalties Due to Gold Prices
Despite improvements, all-in sustaining costs were affected by higher royalties from increased gold prices.
Company Guidance
In the recent conference call, Allied Gold provided an optimistic outlook for the upcoming fiscal quarter and beyond, with several key metrics highlighted. The company reported a solid Q3 production of over 87,000 ounces, setting a strong foundation for Q4, where they anticipate a notable increase of up to 40% in production at Sadiola and Bonikro. Financially, Allied Gold achieved an adjusted EBITDA of just under $110 million and an operating cash flow nearing $200 million. The all-in sustaining costs were reported at $2,092 per ounce, reflecting an 11% decrease from the previous quarter. The company holds a cash balance of over $262 million, positioning it well for continued project development. The Sadiola Phase 1 expansion and Kurmuk development are progressing, with Kurmuk expected to commence production by mid-2026. Allied Gold reiterated its guidance for a production level exceeding 375,000 ounces in 2025, aiming for consistent quarterly outputs of 100,000 ounces at improved costs.

Allied Gold Corporation Financial Statement Overview

Summary
Allied Gold Corporation shows strong revenue growth and improved gross profit margin, but faces challenges with negative net income and free cash flow, indicating ongoing profitability and liquidity issues.
Income Statement
The income statement shows mixed performance. Despite a significant revenue growth from 2023 to 2024, the company is struggling with profitability as reflected in negative net income and EBIT for 2024. Gross profit margin improved to 30.15% in 2024, up from 16.28% in 2023, indicating better operational efficiency. However, the net profit margin remains negative due to substantial net losses, signaling ongoing challenges in managing costs.
Balance Sheet
The balance sheet reflects a relatively stable financial position with a debt-to-equity ratio of 0.37 in 2024, indicating moderate leverage. The equity ratio increased to 26.20% in 2024, which suggests improved asset financing through equity. However, the negative net income impacts the return on equity, which remains unfavorable.
Cash Flow
Cash flow analysis reveals concerns with negative free cash flow in 2024, largely due to high capital expenditures. The operating cash flow to net income ratio is positive, indicating that the company is generating cash from operations despite reporting losses. Nevertheless, the negative free cash flow signals potential liquidity issues.
BreakdownTTMDec 2024Dec 2023Dec 2022
Income Statement
Total Revenue958.09M730.38M655.69M669.55M
Gross Profit303.45M220.23M106.79M129.40M
EBITDA68.79M40.01M-131.49M117.99M
Net Income-128.53M-115.63M-208.48M-7.42M
Balance Sheet
Total Assets1.50B1.32B956.29M659.00M
Cash, Cash Equivalents and Short-Term Investments218.64M224.99M158.64M45.16M
Total Debt124.92M127.58M103.46M53.53M
Total Liabilities1.04B903.56M575.25M547.63M
Stockholders Equity380.80M345.76M299.91M45.31M
Cash Flow
Free Cash Flow-61.19M-83.86M-51.03M6.12M
Operating Cash Flow269.10M109.55M19.76M83.72M
Investing Cash Flow-332.87M-193.41M-95.52M-38.34M
Financing Cash Flow210.33M152.50M193.46M-47.85M

Allied Gold Corporation Technical Analysis

Technical Analysis Sentiment
Negative
Last Price20.94
Price Trends
50DMA
23.12
Negative
100DMA
20.66
Positive
200DMA
18.18
Positive
Market Momentum
MACD
-0.66
Positive
RSI
38.62
Neutral
STOCH
8.25
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:AAUC, the sentiment is Negative. The current price of 20.94 is below the 20-day moving average (MA) of 24.31, below the 50-day MA of 23.12, and above the 200-day MA of 18.18, indicating a neutral trend. The MACD of -0.66 indicates Positive momentum. The RSI at 38.62 is Neutral, neither overbought nor oversold. The STOCH value of 8.25 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:AAUC.

Allied Gold Corporation Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
75
Outperform
$3.20B6.8218.39%1.70%3.93%247.84%
61
Neutral
$10.43B7.12-0.05%2.87%2.86%-36.73%
51
Neutral
39.55%-89.48%
48
Neutral
C$2.37B-21.06-95.18%-114.41%
46
Neutral
$3.17B-4.84%-630.10%
41
Neutral
C$2.55B-10.40-14.03%49.65%71.84%
40
Underperform
$4.43B-129.07%-92.71%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
TSE:AAUC
Allied Gold Corporation
20.94
9.48
82.72%
TSE:NG
Novagold Resources New
11.06
6.28
131.38%
TSE:SEA
Seabridge Gold
31.53
7.47
31.05%
TSE:ORA
Aura Minerals
45.97
29.62
181.16%
TSE:CG
Centerra Gold
16.00
7.29
83.63%
TSE:MAU
Montage Gold Corp.
6.54
4.13
171.37%

Allied Gold Corporation Corporate Events

Business Operations and StrategyFinancial Disclosures
Allied Gold Reports Strong Q3 2025 Results and Optimistic Outlook
Positive
Nov 5, 2025

Allied Gold Corporation reported its third-quarter results for 2025, showcasing a solid performance with 87,020 ounces of gold produced and 92,099 ounces sold. The company is on track for improved production in the fourth quarter, driven by higher grades and the completion of the Phase 1 expansion at Sadiola. Allied Gold’s operational enhancements and strategic initiatives are expected to deliver stronger operations, with annual production projected to exceed 375,000 ounces. The company’s all-in sustaining costs have improved, and further cost reductions are anticipated as production increases.

The most recent analyst rating on (TSE:AAUC) stock is a Hold with a C$21.00 price target. To see the full list of analyst forecasts on Allied Gold Corporation stock, see the TSE:AAUC Stock Forecast page.

Business Operations and Strategy
Allied Gold Reports Significant Exploration Success at Sadiola Mine
Positive
Oct 29, 2025

Allied Gold Corporation has announced promising exploration results from its Sadiola Mine in Mali, highlighting continued resource expansion and discovery in a world-class gold mineralized system. The company is executing a two-phased expansion plan at Sadiola, aiming to increase production to 400,000 ounces of gold annually at lower costs. This initiative is expected to extend the mine’s life beyond the current 19 years, enhance operational efficiency, and contribute to increased cash flows. The exploration program targets adding over 3.5 million ounces of new mineral resources in the next five years, supporting Allied Gold’s long-term growth strategy and providing significant value and optionality for stakeholders.

The most recent analyst rating on (TSE:AAUC) stock is a Buy with a C$46.00 price target. To see the full list of analyst forecasts on Allied Gold Corporation stock, see the TSE:AAUC Stock Forecast page.

Business Operations and StrategyPrivate Placements and Financing
Allied Gold Secures C$175 Million for Expansion and Growth
Positive
Oct 24, 2025

Allied Gold Corporation has successfully closed a C$175 million overnight marketed equity offering, issuing 6.4 million common shares at C$27.35 each. The proceeds will be used to fund optimization and growth initiatives, including infrastructure development at Sadiola, plant modifications at Kurmuk, transitioning to owner mining, and general corporate purposes. This strategic move is expected to enhance Allied Gold’s operational capabilities and strengthen its position in the gold production industry.

The most recent analyst rating on (TSE:AAUC) stock is a Hold with a C$24.00 price target. To see the full list of analyst forecasts on Allied Gold Corporation stock, see the TSE:AAUC Stock Forecast page.

Business Operations and StrategyPrivate Placements and Financing
Allied Gold Files Prospectus for Equity Offering
Positive
Oct 21, 2025

Allied Gold Corporation has announced the filing of a prospectus supplement for its previously announced overnight marketed equity offering, aiming to distribute 6,400,000 common shares at $27.35 per share. The offering, which has received conditional approval from the Toronto Stock Exchange, is expected to close on or about October 24, 2025, subject to all closing conditions being met. This move is part of Allied Gold’s strategy to enhance its financial position and support its growth objectives in the gold production industry.

The most recent analyst rating on (TSE:AAUC) stock is a Buy with a C$39.00 price target. To see the full list of analyst forecasts on Allied Gold Corporation stock, see the TSE:AAUC Stock Forecast page.

Business Operations and StrategyPrivate Placements and Financing
Allied Gold Announces C$175 Million Equity Offering for Expansion Initiatives
Positive
Oct 16, 2025

Allied Gold Corporation has announced the pricing and terms of its overnight marketed underwritten offering of 6,400,000 common shares at C$27.35 per share, aiming to raise approximately C$175 million. The proceeds will be used to fund optimization and growth initiatives, including infrastructure development at Sadiola, plant modifications at Kurmuk, transitioning to owner mining, and general corporate purposes, enhancing the company’s efficiency, productivity, and profitability.

The most recent analyst rating on (TSE:AAUC) stock is a Buy with a C$39.00 price target. To see the full list of analyst forecasts on Allied Gold Corporation stock, see the TSE:AAUC Stock Forecast page.

Business Operations and StrategyPrivate Placements and Financing
Allied Gold Launches Overnight Marketed Offering to Fund Expansion
Positive
Oct 15, 2025

Allied Gold Corporation has announced an overnight marketed offering of common shares to be executed through a prospectus supplement in Canada. The proceeds from this offering will be used to fund infrastructure development at Sadiola, enhance processing capacity at Kurmuk, transition to owner mining, and for general corporate purposes, aiming to improve efficiency and profitability. The offering is expected to close around October 24, 2025, pending regulatory approvals.

The most recent analyst rating on (TSE:AAUC) stock is a Buy with a C$37.00 price target. To see the full list of analyst forecasts on Allied Gold Corporation stock, see the TSE:AAUC Stock Forecast page.

Business Operations and StrategyFinancial Disclosures
Allied Gold Reports Strong Q3 2025 Results and Positive Outlook
Positive
Oct 15, 2025

Allied Gold Corporation announced its preliminary operating results for the third quarter of 2025, reporting the production of over 87,000 ounces of gold and sales of over 92,000 ounces. The company’s performance aligns with its expectations, supporting a strong production outlook for the fourth quarter. The company anticipates further cost improvements due to increased production and operational enhancements, with cash balances expected to exceed $260 million by the end of September 2025. The company’s strategic focus on higher-grade ore and operational efficiencies is expected to enhance its industry positioning and benefit stakeholders.

The most recent analyst rating on (TSE:AAUC) stock is a Buy with a C$37.00 price target. To see the full list of analyst forecasts on Allied Gold Corporation stock, see the TSE:AAUC Stock Forecast page.

Business Operations and StrategyProduct-Related Announcements
Allied Gold Launches Cost-Effective Energy Program at Sadiola
Positive
Oct 1, 2025

Allied Gold Corporation has initiated a new energy program at its Sadiola site to enhance power efficiency and reduce costs as part of its phased expansion strategy. The program involves a scalable approach, starting with the installation of advanced diesel generators and control systems, followed by a hybrid power solution incorporating photovoltaic plants and battery energy storage systems. This initiative is expected to significantly lower energy costs and improve operational efficiency, positioning Allied Gold favorably within the industry by ensuring a reliable and cost-effective power supply, thus supporting uninterrupted mining operations and reducing carbon emissions.

The most recent analyst rating on (TSE:AAUC) stock is a Hold with a C$17.50 price target. To see the full list of analyst forecasts on Allied Gold Corporation stock, see the TSE:AAUC Stock Forecast page.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Nov 07, 2025