Canadian mining firm Allied Gold has poured its first gold on the Kurmuk mine in Ethiopia’s Benishangul-Gumuz area, marking the transition of the challenge into manufacturing. The corporate hopes to start business operations by the top of 2026, with remaining energy infrastructure and the mobilization of its full haulage fleet anticipated to be accomplished this month. Allied Gold initiatives output of 25,000 to 35,000 ounces this yr, rising to between 240,000 and 270,000 ounces in 2027 and roughly 300,000 ounces in 2028. The mine is reportedly Allied’s lowest-cost mine. It’s also certainly one of Ethiopia’s first large-scale mechanized operations. The event has attracted important investor curiosity, significantly from China’s Zijin Gold Worldwide, which acquired a 9.2% stake in Allied Gold in August 2026.
