Business

Add as a preferred source on Google

Allied Gold Pours First Gold at Kurmuk, Targets Year-End Commercial Production

Remaining power work and full haulage fleet mobilization are expected in November; Allied targets nameplate capacity early in 2027.

Updated 2 min read
Workers oversee a molten gold pour inside the Kurmuk Mine processing plant in Ethiopia. / EconoTimes.ai (mono)
Workers oversee a molten gold pour inside the Kurmuk Mine processing plant in Ethiopia. / EconoTimes.ai (mono)

Allied Gold said it had poured first gold at its Kurmuk Mine in Ethiopia, a milestone ahead of its year-end commercial production goal as the company plans further power and fleet work.

Allied expects to finish the remaining power infrastructure and mobilize its full haulage fleet during November. Commercial production is targeted by the end of 2026; the company expects the mine to reach nameplate capacity early in 2027 and recoveries to reach design levels by early that year.

The Nov. 9 announcement records a first gold pour, while Allied's commercial-production goal remains ahead. The company targets 25,000 to 35,000 ounces from Kurmuk in 2026, 55,000 to 65,000 ounces in the first quarter of 2027 and 240,000 to 270,000 ounces over 2027. Its 2028 target is about 300,000 ounces.

Companywide, Allied projects 400,000 to 435,000 ounces in 2026 and 615,000 to 670,000 ounces in 2027. It links its goal of roughly 800,000 ounces annually by 2029 to the Sadiola expansion, which it expects to support growth after 2027.

Allied describes Kurmuk as its newest producing mine and lowest-cost operation, and says the project is central to its production and cash-flow growth. Those figures are company forecasts and targets, rather than reported production results.

The milestone follows earlier commissioning updates. Allied said Oct. 29 that wet commissioning was underway, then reported Nov. 4 that ore had entered the plant and Kurmuk was in production. Allied's August start-up target passed without production, as covered in an earlier update on the mine's start-up schedule.

The company says its ramp-up outlook depends on completing the work on schedule, reliable power and infrastructure, ore availability, plant performance and equipment availability.

Related articles

View all