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Allied plans to expand the Sadiola mine in Mali under a new deal with the government. Credit: Allied Gold
“Our net asset value on Sadiola is revised slightly lower due to the higher government royalties, ownership on Diba and the one-time cash payment,” Toronto-based Cormark Securities said in a note on Wednesday. “However, the execution of the agreement reduces any uncertainty about government support and will allow for seamless/continued operations.”
Toronto-based Allied plans to spend $65 million in a first stage to expand Sadiola and improve its mill through next year to maintain annual gold production at 200,000 to 230,000 oz. for at least four years. Diba is to start producing this year. The second stage is a new $400 million plant to be built from 2026 to 2028.
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