Allied Gold Corporation delivered 97,429 gold ounces in the second quarter of 2026, bringing first-half production to 193,445 ounces, according to the company's July 29, 2026 preliminary operating results release on GlobeNewswire.
All-in sustaining costs for Q2 are expected to come in below $2,200 per ounce of gold sold, with the company attributing the result to increased production, mine sequencing, and operational improvements.
The H1 total positions Allied squarely within reach of its producing-mines guidance of 385,000 to 425,000 gold ounces for 2026. The broader full-year company guidance of 485,000 to 575,000 ounces depends heavily on Kurmuk's contribution in the second half, per the July 29 release.
The July 29 release states Kurmuk remains on budget and on schedule, with operations expected to start in August 2026 and first gold to follow a few weeks later. Allied has guided Kurmuk production at 240,000 to 270,000 ounces in 2027, approximately 300,000 ounces in 2028, and an average of roughly 290,000 ounces per year over the first four years. Full-year 2026 consolidated mine-site AISC is guided at $1,750 to $1,900 per ounce, based on a gold price assumption of $4,250 per ounce.
Allied's realized gold price for spot sales in the period was approximately $4,380 per ounce, per the July 29 release. Q2 AISC is guided below $2,200 per ounce, though that figure has not yet been finalized. The July 29 release states the below-$2,200 AISC guidance reflects increased production, mine sequencing, and operational improvements, and that it supports strong margins — the company's characterization, not a finalized result.
Cash on hand as of June 30 was approximately $190 million. The release notes the sequential change from the prior quarter-end balance was predominantly attributable to growth capital expenditures for Kurmuk's development, alongside normal-course tax payments and working capital movements.
The release also references an arrangement agreement with Zijin Gold in passing, without providing detailed terms in the announcement. Allied has disclosed that transaction in parallel communications; the July 29 release does not elaborate on its structure or timeline.
Kurmuk's August operations start is the pivotal event in Allied's second-half production build toward the 485,000-to-575,000-ounce full-year range. The next material disclosure will be Q2 final financial results, which will confirm the AISC figure currently guided below $2,200 per ounce and provide a full cash-flow picture alongside the Kurmuk commissioning update.