Allied Gold says its Kurmuk Mine in Ethiopia is nearing production startup. Water is flowing from the main storage dam into the processing plant for progressive wet commissioning, and the SAG and ball mill drives are energized. Ore feed is expected to enter the circuit this week, with first gold targeted soon after. Production is expected to rise through November and December to 25,000–35,000 gold ounces, with commercial production expected in this period, and Q1 2027 output is projected at 55,000–65,000 gold ounces. Guidance for 2027 remains 240,000–270,000 gold ounces, with about 300,000 ounces expected in 2028; Q3 2026 results are expected on November 4, 2026.
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XAU/USD
• NeutralRelevance: low
| Market | Gold |
|---|---|
| Close on 10/28/2026 | 4,067.54 |
| Change that session | +0.18% |
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