Kurmuk Gold Mine Notifies Ministry of Mines Ahead of Historic First Gold Pour - Capital Newspaper

AI desk brief

Allied Gold says its Kurmuk Gold Mine in Ethiopia has entered hot commissioning after connecting to the national grid and feeding first ore through the crushing circuit, with a first gold pour expected imminently. The company projects 240,000-270,000 oz in year one, rising to about 300,000 oz in year two, and averaging roughly 290,000 oz annually over the first four years, implying a meaningful new supply source from a 2.7 Moz reserve base.

Kurmuk is being positioned as a flagship asset for Ethiopia’s mining sector and foreign-exchange ambitions, with management coordinating with authorities on verification, security, transport and export ahead of commercial operations.