Allied Gold Reports Q1 2026 Results, Advances Growth Strategy, Progresses Zijin Transaction

TORONTO, May 14, 2026 (GLOBE NEWSWIRE) -- Allied Gold Corporation (TSX: AAUC) (NYSE: AAUC) (“Allied” or the “Company”) herein provides its financial and operational results for the first quarter of 2026. The Company produced 96,016 ounces of gold in the first quarter of 2026. Performance was in line with expectations and operating plans, representing a 14% increase over the prior year's first quarter production.

All-in Sustaining Costs (“AISC”) (1) for the quarter were $2,264 per ounce sold, in line with expectations. FIRST QUARTER HIGHLIGHTS Financial Results Highlights Earnings: First quarter net loss of $58.3 million or $(0.47) per share. First quarter adjusted earnings (1) of $48.6 million or $0.39 per share.

Cash Flows and EBITDA: Net cash generated from operating activities for the quarter was $57.3 million. Operating cash flows before income tax paid and movements in working capital were a strong inflow of $162.7 million. EBITDA (1) and Adjusted EBITDA (1) for the three months ended March 31, 2026, were $77.7 million and $173.3 million, respectively.

Strong Financial Position: As of March 31, 2026, the Company had cash and cash equivalents of $424.2 million. Operational Highlights First Quarter Production: The Company produced 96,016 ounces of gold in the first quarter, in line with plan and annual guidance for its operating mines, and representing a 14% increase over the prior year comparable period. First Quarter Sales: Sales of 99,878 gold ounces, slightly higher than production due to the timing of shipments of production and the sale of end-of-year inventory.

Performance by Asset: At Sadiola, production of 44,104 ounces in the first quarter was aligned with the production plan. Sequential increases in production are expected in the next quarters, driven by higher grades and throughput. At Bonikro, production of 29,011 ounces in the first quarter was substantially higher than the first quarter of the previous year, due to mine sequencing and a standout pe