representative work

Allied Gold Enters into US$75 Million in Gold Prepaid Forward Arrangements and Receives First Construction Payment Under Streaming Agreement with Wheaton Precious Metals International

12/19/2024

On December 19, 2024, Allied Gold Corporation entered into gold prepaid forward arrangements with certain of its lenders, for a total advance amount of US$75 million. Under this arrangement, the gold prepaid forward arrangement counterparties will purchase an aggregate of 2,802 ounces of gold per month from Allied Gold over a period of twelve months, beginning in October 2026.

In addition, Allied Gold received the first construction payment of US$43.75 million under the streaming agreement for its Kurmuk Project with Wheaton Precious Metals International Ltd., a wholly-owned subsidiary of Wheaton Precious Metals Corp.

Cassels acted for Allied Gold.

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