Allied Gold (TSX: AAUC) this morning reported preliminary results for the third quarter, headlined by Q3 production of 87,020 ounces of gold, with production falling slightly on a quarter over quarter basis from 91,017 ounces in the second quarter.
Sales volumes meanwhile are said to be in excess of 92,000 ounces of gold in the third quarter, with both production and sales “in line with expectations and operating plans.” Allied at the same time indicated that they expect Q4 to be the strongest of the year, while calling for 2025 production to exceed 375,000 ounces, which is the low end of guidance.
All in sustaining costs meanwhile are expected to be an estimated $2,100 per ounce, or 10% lower than Q2 AISC. AISC is currently being driven by higher gold prices, with every $100 rise in the price of gold expected to add $15 per ounce in higher royalties.
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Average realized gold prices in the third quarter came in at $3,450 an ounce, an 11% improvement over the $3,098 average price recorded in the second quarter. AISC margins in the third quarter on a preliminary basis meanwhile are said to have risen to $1,350 an ounce, versus $755 an ounce in the second quarter.
Cash balances as of September 30 are expected to exceed $260 million, versus $218.6 million as of the end of the second quarter.
Full financial results are expected to be released November 5 after the close of markets.
Allied Gold last traded at $26.56 on the TSX.
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