AAUC, CA01921D2041

Allied Gold reports Kurmuk drilling growth for Allied Gold stock

Published on 10/25/2026 at 00:56 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Kurmuk drilling reached 28,003 meters since October 2025. For Allied Gold stock this means 485,000 to 575,000 ounces of 2026 guidance.

Operations and calendar

Allied Gold completed 149 Kurmuk drill holes totaling 28,003 meters on October 6, 2026.
The company guides to 485,000 to 575,000 ounces of gold production for 2026.
Allied Gold's next earnings date is November 4, 2026.

AAUC, CA01921D2041, Illustration mit AI erstellt.

Allied Gold (CA01921D2041) reported resource growth at its Kurmuk mine after completing 149 drill holes totaling 28,003 meters on October 6, 2026, according to Morningstar. The update linked the drilling program to mine-life extension potential as commissioning at Kurmuk advanced.

Kurmuk moves toward production

Exploration extended mineralized zones at the Ashashire and Dish Mountain open pits and tested regional targets across the Kurmuk camp. One Ashashire hole returned 13.86 meters at 10.07 grams of gold per tonne, while Allied Gold said Kurmuk's proven and probable reserves totaled 2.7 million ounces in the October 6 release carried by Morningstar.

What does 2026 guidance mean?

Allied Gold's investor-relations page sets 2026 production guidance at 485,000 to 575,000 ounces and lists 11.2 million ounces of proven and probable reserves. The same page gives a 15.3 million ounce measured and indicated resource base and an approximately 800,000 ounce production target for 2029, according to Allied Gold. These figures make the Kurmuk ramp-up an operating milestone as well as an exploration story.

Three milestones since August

On August 5, 2026, Allied Gold reported second-quarter revenue of USD 366.30 million and earnings per share of USD 0.27, as listed by Investing.com. On October 6, 2026, the company published the Kurmuk drilling update. On October 16, 2026, CIBC raised its Allied Gold price target from CAD 39.00 to CAD 40.00, according to Markets Insider.

What dates come next?

Allied Gold's next scheduled exploration announcement is listed for October 30, 2026, while its next earnings date is November 4, 2026, according to Simply Wall St and Yahoo Finance.

Production targets shape the next test

The investment case now turns on converting the 2026 production guidance into operating output while extending mine life through exploration. Allied Gold identifies Mali, Ivory Coast and Ethiopia as its operating jurisdictions and lists both the TSX and NYSE under ticker AAUC on its investor-relations page.

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