Allied Gold Corporation (TSX: AAUC) is pleased to announce the completion of its streaming transaction with Triple Flag International Ltd., a subsidiary of Triple Flag Precious Metals Corp. Under the terms of the agreement, Allied received an upfront cash payment of US$53 million and will continue to receive payments equal to 10% of the spot gold price for a portion of its production from the Agbaou and Bonikro mines in Côte d’Ivoire.
This transaction allows Allied to unlock significant value in its Côte d’Ivoire Complex and provides the financial flexibility needed to pursue exploration, growth, and optimization initiatives. The CDI Complex, consisting of the Agbaou and Bonikro mines, remains a key component of Allied’s growth strategy.
Moving forward, Allied is exploring stream and gold prepay financing for its Kurmuk project and evaluating options to redirect cash flows previously allocated to Kurmuk and the CDI Complex towards expanding its operations at Sadiola.
About Allied Gold Corporation:
Allied Gold is a Canadian-based gold producer with a strong growth profile and operating assets and development projects in Côte d’Ivoire, Mali, and Ethiopia. Led by a team of mining executives with extensive operational and development experience, Allied Gold is focused on becoming a mid-tier gold producer in Africa and a leading global gold producer.
Advisors and Counsel:
National Bank Financial served as the financial advisor, and Cassels Brock & Blackwell LLP acted as legal counsel to Allied in the Stream Transaction.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION AND STATEMENTS:
This press release contains forward-looking information regarding the Company’s strategy, objectives, plans, and future financial and operating performance. The forward-looking information is based on management’s opinions, assumptions, and estimates, and is subject to various risks and uncertainties that could cause actual events or results to differ from those projected. These risks include factors such as commodity prices, operational risks, government regulations, and global economic conditions, among others.
The Company undertakes no obligation to update forward-looking information, and readers are advised not to rely solely on this information for purposes other than understanding the Company’s financial and operational performance. For more information, please contact Allied Gold Corporation at Royal Bank Plaza, North Tower, 200 Bay Street, Suite 2200, Toronto, Ontario, Canada.
