Update: Allied Gold Gains 7% as It Swings to a Q4 Adjusted Profit and Boosts Gold Production

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Update: Allied Gold Gains 7% as It Swings to a Q4 Adjusted Profit and Boosts Gold Production

, MT Newswires - 11:56 AM ET 3/27/2025 default

11:56 AM EDT, 03/27/2025 (MT Newswires) -- (Updates shares.)

Allied Gold ( AAUCF ) late on Wednesday said it swung to an adjusted profit in the fourth quarter.

The company's adjusted earnings, excluding most one-time items, were US$9.5 million, or US$0.03 per share, swinging from a year-prior loss of US$4.6 million, or US$0.02.

The net loss attributable to shareholders of the company was US$10.3 million, or US$0.03, swinging from a profit of US$5.4 million, or US$0.02.

Revenue came in at US$170.8 million, down from US$179.7 million.

The company produced 99,632 ounces of gold, up from 94,755 ounces and in line with the guidance of 98,000 to 102,000 ounces. This was the highest production by quarter in 2024 and since the company was taken public.

Full-year 2024 production was 358,090 ounces, 4% higher than the previous year. In 2025, Allied expects to produce 375,000 to 400,000 ounces of gold.

Allied Gold ( AAUCF ) shares were last seen up $0.32 to $5.10 on the Toronto Stock Exchange.

Price: 5.12, Change: +0.34, Percent Change: +7.11

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