Third quarter production of 85,147 was consistent with the first two quarters of 2024 and the comparative quarter of 2023. Expenses are expected to continue trending lower through the remainder of the year, with quarter-over-quarter savings and improvements anticipated alongside a significant increase in fourth quarter production. These advancements underscore Allied's commitment to establishing Kurmuk as a major gold mineral province in Western Ethiopia. During the third quarter, Sadiola increased total tonnes mined to accelerate waste stripping and enhance oxide availability for operational flexibility in 2025. During the third quarter, gold sales were slightly lower than production due to timing of production and shipments.

Source: Ethiopian News November 08, 2024 12:08 UTC