$AAUC

Canadian analysts show selective optimism, favoring gold miners and energy sectors, while retail and transportation see cautious outlooks. Key updates: Allied Gold (AAUC:CA) maintained Outperform at C$39.00, Aritzia (ATZ:CA) rated Buy at C$180.00, Athabasca Oil (ATH:CA) downgraded to Sell at C$12.00, and Cenovus Energy (CVE:CA) sees mixed target revisions.

Allied Gold Corporation (TSX: AAUC, NYSE: AAUC) reported exploration progress at its Kurmuk Mine in Ethiopia, highlighting resource growth and potential mine life extension. The company expects first gold production soon and aims to expand mineralized zones, with plans for a life-of-mine production of at least 240,000 gold ounces per year. Exploration has identified high-grade zones and potential underground resources, with initial estimates expected by mid-2027.

Allied Gold Corporation reported exploration results from its Kurmuk Mine in Ethiopia, with significant gold findings at multiple deposits. The company expects first gold production soon, aiming for 240,000 ounces annually, with initial four years averaging 300,000 ounces. Drilling continues at other sites, with an initial mineral resource estimate for Kiftet and Hiccup Hill expected by mid-2027. Total proven and probable mineral reserves at Kurmuk stand at 2.7 million ounces.

Allied Gold Corporation (TSX: AAUC, NYSE: AAUC) announced progress at its Kurmuk Mine in Ethiopia. The mine is now connected to the national grid and has processed its first ore. Mining and stockpiling are advancing as planned, with first gold expected soon. The mine aims to produce 240,000-270,000 ounces of gold in its first full year, ramping up to 300,000 ounces annually.

Allied Gold Corporation (TSX: AAUC, NYSE: AAUC) has appointed Joanna Pearson to its Board of Directors. Pearson has 25 years of experience in financial reporting and risk management in the mining sector, and currently serves as a director of Hochschild Mining plc and Gold X2 Mining Inc. According to the company, her expertise will support Allied's transition to production and cash flow generation at its Kurmuk Mine.

Allied Gold (AAUC) reported Q2 2026 results: 97,000 oz gold production, adjusted net earnings of $0.44/share, operating cash flow of $133M, and adjusted EBITDA just under $167M. AISC was below $2,200/oz. The company also disclosed a C$416.6M Zijin private placement and 2027-30 Kurmuk targets of ~300,000 oz/yr.

Allied Gold Corp. (TSX:AAUC, NYSE:AAUC) said it closed a C$416.6M private placement with Zijin Gold International, issuing 12.8M shares at C$32.55 each. Zijin will hold about 9.2% of Allied Gold. Net proceeds will fund growth initiatives including Kurmuk ramp-up, Sadiola expansion, CDI output increases, and exploration. Shares are subject to a hold period until Dec. 11, 2026.

MarketBeat and other outlets reported on Allied Gold (NYSE:AAUC). The company said Q2 production exceeded 97,000 ounces and first-half production topped 193,000 ounces, with expectations for stronger second-half performance as mine grades improve. Shareholders approved directors and KPMG as auditor at the annual meeting.

Allied Gold Corp. said its $5.5 billion acquisition by China’s Zijin Gold International fell through after China’s foreign takeover regulator delayed approval. Allied had agreed in January to be bought for $44/share, but shares fell 18.6% after the deal was canceled. Zijin instead agreed to buy a 9.2% stake for $32.55/share. CEO Peter Marrone said he is open to a piecemeal sale.

Allied Gold Corp (AAUC) furnished an SEC Form 6-K — earnings release. EXHIBIT 99.1 Allied Gold Reports Q2 2026 Results, Nears Kurmuk Start-Up and Strengthens Financial Position TORONTO, Aug. 05, 2026 (GLOBE NEWSWIRE) -- Allied Gold Corporation (TSX: AAUC) (NYSE: AAUC) (“Allied” or the “Company”) herein provides its financial and operational results