$AAUC

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.

Zijin Gold’s planned $4 billion acquisition of Allied Gold (TSX/NYSE: AAUC) collapsed after Chinese regulators missed the approval deadline, with the parties letting the July 29 closing date expire. Allied shares fell about 18% in Toronto and 16% in New York. Zijin will instead buy about 12.8M new Allied shares in a ~$295M private placement, while Allied plans mine ramp-ups in Ethiopia, Mali, and Côte d’Ivoire.

Analysts adjusted targets after Toromont Industries reported Q2 EPS (ex purchase commitment expenses) of $2.20, above $1.85 estimate and consensus, citing strong EBIT and backlog. Goldman upgraded to Outperform and raised target to $239. Multiple firms also lifted targets. Separately, Allied Gold’s $5.5B Zijin deal was called off; shares fell 18.6% and analysts recalculated value ranges.

Zijin Gold said its planned $4B acquisition of Allied Gold failed after Chinese regulators did not approve the deal by the deadline. Allied shares fell about 18% in Toronto and 17% in New York. The collapse leaves Zijin with a 9.2% stake. Zijin will instead buy ~12.8M newly issued Allied shares in a ~$295M private placement. Allied will fund mine ramp-ups in Ethiopia, Mali and Côte d’Ivoire.

Allied Gold Corp. (TSX/NYSE: AAUC) said its arrangement agreement with Zijin Gold International was terminated because completion conditions were unlikely to be met by July 29, 2026. Zijin Gold will instead invest about US$295 million (about C$417 million) via a private placement at C$32.55 per share, expected to close around Aug. 10, 2026, for ~9.2% ownership.

Allied Gold Corporation reported preliminary Q2 2026 operating results for the quarter ended June 30. It produced 97,429 gold ounces, with 193,445 ounces for the first half. Q2 AISC is expected below $2,200/oz, and realized spot price was about $4,380/oz. Cash was estimated at $190 million, with Kurmuk Mine operations expected in August and first gold shortly after.