ALLIED GOLD ANNOUNCES FIRST QUARTER 2024 RESULTS: ON TRACK FOR IMPROVING PRODUCTION, COSTS AND CASH FLOWS THROUGH THE REMAINDER OF THE YEAR WITH CORPORATE INITIATIVES FURTHER ENHANCING FINANCIAL FLEXIBILITYTORONTO, May 9, 2024 /PRNewswire/ - Allied Gold Corporation (TSX: AAUC) ("Allied" or the "Company") is herein reporting its financial and operational results for the first quarter of 2024. Exposure to Increasing Gold Price: First quarter cash flow was generated at an average realized gold price of $2,053 per oz. Cash costs exclude DA, exploration costs, accretion and amortization of reclamation and remediation, and capital, development and exploration spend. Cash costs include only items directly related to each mine site, and do not include any cost associated with the general corporate overhead structure. Mineral Reserves (Proven and Probable)The following table sets forth the Mineral Reserve estimates for the Company's mineral properties at December 31, 2023.

Source: Ethiopian News May 09, 2024 21:25 UTC