Allied Gold has shareholder OK for Zijin takeover, maintains guidance
Allied Gold delivered about 379,000 oz. of gold production during 2025.
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Allied Gold delivered about 379,000 oz. of gold production during 2025.
Proven and probable reserves stood at 7.22 million gold-equivalent ounces (GEOs), compared with 3.44 million previously.
Spot gold rose as much as 1.8% to around $4,760 an ounce, adding to its weekly gain of over 3%.
Sentiment drove votes as the US-Israel-Iran conflict lifted energy costs, disrupted supply chains and fuelled metal volatility.
The latest drilling confirms both the continuity and extension of mineralization within the East Graben vein system.
Revised plan for the vast copper mine complex lowers near-term volumes while prioritizing stability and long-term efficiency gains.
Orion’s materials include aluminum-lithium alloys that reduce weight in the crew module, titanium provides structural strength, and nickel-based superalloys allow engines to operate under severe heat.
The funding would cover the initial capital cost of the project, which is now estimated at about $2.58 billion.
The fundraise gives the company a pre-money valuation of £29 million ($38 million).
Total copper reserves and resources rose 6% last year to 53 million tonnes.
PFS for Laguna Verde highlights long-life lithium output, low costs, and strong returns as the company advances partnerships.
Analysts say the Swiss miner’s shift to transition metals comes as weaker coal markets have weighed on earnings.