On October 3, 2024, Allied Gold Corporation completed a public offering of 62,000,000 common shares at $3.10 per share, raising $192.2 million. The offering included an over-allotment option for an additional 9,300,000 shares, which, if exercised, could increase total gross proceeds to $221.03 million. The net proceeds are estimated to be approximately $182.26 million after deducting the underwriters’ commission of about $8.65 million and offering expenses of $1.27 million. Allied plans to use the funds to support the optimization and expansion of the Sadiola Mine and the Kurmuk construction project. The offering was conducted through an underwriting agreement with a syndicate led by Canaccord Genuity Corp. and National Bank Financial Inc., and included CIBC World Markets Inc., Stifel Nicolaus Canada Inc., BMO Nesbitt Burns Inc., SCP Resource Finance LP, and Hannam & Partners. Cassels Brock & Blackwell LLP served as legal counsel to Allied Gold, while Blake, Cassels & Graydon LLP represented the underwriters.