Allied Gold Raises 175 Million Canadian Dollars in Public Share Offering

MT Newswires Live

2025/10/24

Allied Gold (AAUC) said Friday that it has raised 175 million Canadian dollars ($124.8 million) through a public offering of 6.4 million common shares priced at CA$27.35 each.

The proceeds will be used to support infrastructure upgrades at Sadiola, expand plant capacity at Kurmuk, and fund a shift to owner mining at select operations, the company said.

Allied Gold said the funds will also be used for corporate purposes, including potential asset-based opportunities.

Allied Gold said the shares are now listed on the Toronto and New York stock exchanges.

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