Allied Gold Corporation ( (TSE:AAUC) ) has shared an update.
Allied Gold Corporation has announced a strategic partnership with UAE-based Ambrosia Investment Holding to enhance its financial strength and accelerate growth initiatives. This partnership is expected to bring over US$500 million in proceeds, including US$250 million in upfront cash, which will support the expansion of the Sadiola mine in Mali and the development of the Kurmuk project in Ethiopia, thereby strengthening Allied’s position in the mining industry.
More about Allied Gold Corporation
Allied Gold Corporation is a company involved in the mining industry, primarily focusing on gold production. The company is engaged in the development and expansion of mining projects, particularly in Africa, with a strong emphasis on optimizing operations and enhancing shareholder value.
YTD Price Performance: 19.47%
Average Trading Volume: 470,889
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: C$1.49B
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