Allied Gold Corporation has poured its first gold at the Kurmuk Mine in Ethiopia, its newest and lowest-cost operation. This milestone highlights successful collaboration with Ethiopian authorities and sets the stage for ramping up to commercial production by the end of 2026. Kurmuk aims to produce up to 35,000 ounces of gold in 2026, increasing to around 300,000 ounces annually by 2028, significantly boosting Allied Gold's overall output and cash flow. The company plans to start paying dividends in 2027 and continue expanding production through other projects.
Allied Gold's first gold pour at the Kurmuk Mine is noted here with Pluang market data as of Nov 10, 2026 04:11 WIB. For readers following US stocks on Pluang, 121 of 150 priced stocks rose while 27 fell. Notable movers include UMC at USD 14.88 with a 7.47% increase, AAL at USD 14.15 up 7.36%, and JBLU at USD 3.94 rising 7.36%.
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