Allied Gold Corporation (TSE:AAUC) has released an update.
Allied Gold Corporation has reported a strong first quarter in 2024, with an 8.3% increase in gold production and significant improvements in cost management and cash flow generation. Despite a net loss, the company achieved a positive adjusted net earnings and anticipates continued financial growth through increased production, reduced costs, and strategic hedging against gold price fluctuations. With a solid cash position, Allied Gold is exploring non-dilutive financing options to bolster its financial flexibility.
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