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.