Allied Gold Corporation (TSE:AAUC) has released an update.
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Allied Gold Corporation has secured a $53 million streaming transaction with Triple Flag, providing Allied with upfront cash and ongoing payments tied to the spot gold price. This deal pertains to 3% of the gold from Allied’s Agbaou and Bonikro mines, with a decrease to 2% after certain amounts are delivered. It is expected to offer financial flexibility for Allied’s growth and optimization plans, enhancing value for its shareholders without diluting equity.
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