We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
Allied Gold Corporation | TSX:AAUC | Toronto | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.06 | -2.00% | 2.94 | 2.90 | 2.99 | 3.08 | 2.91 | 3.01 | 74,754 | 21:10:10 |
TORONTO, Nov. 9, 2023 /CNW/ - Allied Gold Corporation (TSX: AAUC) ("Allied" or the "Company") is pleased to announce that the Company has completed its previously announced acquisition of the permitted Korali-Sud Small Scale Mining License as well as beneficial interest of the highly prospective Lakanfla Exploration License (together, the "Project" or "Diba") by acquiring all of the shares of Legend Mali (BVI) III Inc. from LGN Holdings (BVI) Inc., a wholly owned subsidiary of Elemental Altus Royalties Corp (TSXV: ELE) (OTCQX: ELEMF) ("Elemental Altus") for consideration comprised of a modest upfront cash payment, deferred payments based on the achievement of performance, production and operational milestones, and a Net Smelter Returns ("NSR") royalty.
Strategic Rationale
Highlights of the Acquisition
Addition of the Diba Project significantly enhances Sadiola's footprint, value and growth strategy:
Purchase Price
The agreed purchase price consists of cash payments and an NSR royalty.
Qualified Persons
Scientific and technical information contained in this news release has been reviewed and approved by Matthew McInnes, Senior Vice President, Studies of the Company. Mr. McInnes is an employee of the Company and a "qualified person" as defined by Canadian Securities Administrators' National Instrument 43 101 - Standards of Disclosure for Mineral Projects.
About Allied Gold Corporation
Allied Gold is a Canadian-based gold producer with a significant growth profile and mineral endowment which operates a portfolio of three producing assets and development projects located in Côte d'Ivoire, Mali and Ethiopia. Led by a team of mining executives with operational and development experience and proven success in creating value, Allied Gold aspires to become a mid-tier next generation gold producer in Africa and ultimately a leading senior global gold producer.
Cautionary Statement Regarding Forward-Looking Information
This news release contains certain "forward-looking information" within the meaning of applicable Canadian securities legislation. Such forward-looking information is not representative of historical facts or information or current condition, but instead represents only Allied Gold's beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of Allied Gold's control. Generally, such forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects", "is expected", "scheduled", "estimates", "forecasts", "intends", "anticipates", "believes", or the negative or variations of such words and phrases or may contain statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "will continue", "will occur" or "will be achieved". The forward-looking information contained herein includes, but is not limited to, information concerning expectations with regards to the Diba Project, and the resulting beneficial ownership and the key catalysts expected to be achieved by the Company on the Diba Project its impact on the business of Allied Gold.
By identifying such information and statements in this manner, Allied Gold is alerting the reader that such information and statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Allied Gold to be materially different from those expressed or implied by such information and statements. In addition, in connection with the forward-looking information contained in this news release, Allied Gold has made certain assumptions. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking information are the following: the inability of Allied Gold to achieve any one or more of its key catalysts on the timeline expected, or at all and any changes in the development of the business of Allied Gold, as well as those risk factors more generally set out in Allied Gold's annual information form available under Allied Gold's profile on SEDAR+ at www.sedarplus.ca. Should one or more of these risks, uncertainties or other factors materialize, or should assumptions underlying the forward-looking information prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected.
Although Allied Gold believes that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information are reasonable, undue reliance should not be placed on such information, and no assurance or guarantee can be given that such forward-looking information will prove to be accurate. The forward-looking information contained in this news release is provided as of the date of this news release, and Allied Gold does not undertake to update any forward-looking information that is contained or referenced herein, except in accordance with applicable Canadian securities laws.
View original content to download multimedia:https://www.prnewswire.com/news-releases/allied-gold-announces-the-closing-of-its-acquisition-of-the-diba-project-aimed-at-improving-near-term-cash-flow-by-providing-higher-grade-and-lower-cost-oxide-ore-feed-to-the-sadiola-gold-mine-301984054.html
SOURCE Allied Gold Corporation
Copyright 2023 Canada NewsWire
1 Year Allied Gold Chart |
1 Month Allied Gold Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions