Allied Gold Corporation (TSE:AAUC) has released an update.
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Allied Gold Corporation has reported a strong finish to 2023 with Q4 gold production soaring to 94,755 ounces, marking a 12% increase over the previous quarter and rounding off the year with a total of 343,817 ounces sold. Despite some cost impacts due to non-recurring public listing expenses, the company boasts a robust $158.6 million in cash reserves and anticipates significant production growth and cost improvements going into 2024. Allied Gold is on a clear trajectory towards a sustainable production increase, targeting between 375,000 to 405,000 ounces in 2024 and further growth with lower costs projected for 2025 and 2026.
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