Allied Gold Advances Kurmuk Mine Toward Commercial Production — Allied Gold Corporation

Event summary

Allied Gold energized the 88-kilometer power line connecting the Kurmuk Mine to Ethiopia’s national grid.
First ore was fed through the crushing circuit, marking a key operational milestone.
Ore stockpiles have reached approximately one million tonnes, with plans to increase to 1.5 million tonnes.
First gold production is expected soon after ore is introduced to the grinding circuit.
The mine is projected to produce 240,000–270,000 ounces of gold in its first full year.

The big picture

Allied Gold’s Kurmuk Mine represents a strategic pivot toward large-scale, low-cost gold production in Ethiopia. The successful grid connection and initial ore processing mark critical steps in transitioning from commissioning to full operations, positioning the mine as a key growth driver for the company. The project’s scale—with projected annual production of 290,000 ounces at industry-leading costs—aligns with broader industry trends toward expanding African gold production amid rising global demand.

What we're watching

Production Ramp-Up: How the pace of ore stockpiling and circuit commissioning will affect the timeline for reaching full commercial production.
Cost Efficiency: Whether the fixed power rate of US$0.04 per kilowatt-hour will sustain the mine’s expected low production costs.
Exploration Potential: The pace at which exploration efforts will expand mineral inventories and extend the mine’s life beyond the initial 15-year target.