Allied Gold Corporation (TSE:AAUC) has released an update.
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.
For further insights into TSE:AAUC stock, check out TipRanks’ Stock Analysis page.
