FINWIRES · TerminalLIVE
FINWIRES

Allied Gold Confirms Normal Course Conduct of Business at Operating Mines in Mali, Cote d'Ivoire and Development Project in Ethiopia

By

-- Allied Gold (AAUC.TO) confirmed the normal course conduct of business at its operating mines in Mali and Cote d'Ivoire and its development project in Ethiopia including operations at the Sadiola Gold Mine, located in the Kayes Region in western Mali, it said Tuesday.

The company's mines continue to operate normally, it said, with production and other site activities proceeding "in line" with expectations. Development of Kurmuk in Ethiopia continues as planned with commencement of production expected in the third quarter this year.

Allied Gold and Zijin Gold, it added, are in continuous dialogue planning for an orderly transition on completion of its previously announced transaction. The arrangement agreement provides for an outside date for closing of May 29, subject to extension in certain circumstances.

"In light of recent events in Mali involving the conflicts between government and insurgent groups, the Company also wishes to report that while its business operations in Mali continue in the normal course, with such activities occurring at far distances from the Company's operations, the Company continues to monitor the situation and take precautions to ensure the safety and wellbeing of persons employed by the Company in the country," said Allied Gold in a statement.

Shares of the company were last seen down 0.6% at $41.40 on the Toronto Stock Exchange.

Price: $41.34, Change: $-0.31, Percent Change: -0.74%

Related Articles

Australia

Blue Moon Metals to Acquire Nine Mineral Claims Adjacent to Springer Mine in Nevada

Blue Moon Metals (BMM) said Tuesday it has agreed to acquire certain claims adjacent to its Springer Mine in Pershing County, Nevada from GoldPlay and Robert Schafer for 188,199 shares, $1 million in cash, and a sliding scale gross revenue royalty on the concessions.The acquisition consists of nine unpatented mineral claims, including a portion of some historically identified veins including the Stank deposit, the O'Byrne deposits, and a portion of the Sutton deposit, and have seen high-grade tungsten trioxide drill results, the company said.A purchase and sale agreement was executed on Monday, with completion expected by early May, subject to regulatory approval, the company said.Price: $7.31, Change: $-0.73, Percent Change: -9.03%

$BMM
Australia

Street Color: Nvidia Introduces Nemotron 3 Nano Omni Model

Price: $209.69, Change: $-6.93, Percent Change: -3.20%

$NVDA
US Markets

United Parcel Service Affirms Guidance Amid Iran War-Linked Demand Risks

United Parcel Service (UPS) maintained its 2026 revenue outlook as the package delivery giant flagged a potential demand impact from the Middle East conflict.The company continues to anticipate revenue of about $89.7 billion this year, while the consensus on FactSet is for $89.62 billion. UPS pegged the adjusted operating margin at about 9.6%."As we look to the balance of the year, there are a few external factors that we are watching that could impact demand, especially higher fuel costs stemming from the conflict in the Middle East and US consumer confidence, which is at historic lows," Chief Executive Carol Tome said during an earnings call, according to a FactSet transcript.The company's stock was falling 4.3% in Tuesday trade.The US-Israel war with Iran has disrupted shipments through the Strait of Hormuz. That conflict has boosted fuel costs, Chief Financial Officer Brian Dykes told analysts.The hostilities paused following a ceasefire between the US and Iran and later between Israel and Lebanon, but there's no framework yet on reaching a long-lasting peace deal."Our fuel surcharges are linked to published fuel benchmarks and adjust with fuel prices on a weekly basis, and we expect these surcharges to provide coverage as fuel prices continue to fluctuate," Dykes said.In the March quarter, UPS' revenue fell 1.6% year-on-year to $21.20 billion, compared with the Street's $20.98 billion forecast. Adjusted EPS declined to $1.07 from $1.49 a year ago, beating the average analyst estimate of $1.01.US domestic package revenue fell to $14.13 billion from $14.46 billion in the prior-year period amid lower volume. International revenue rose 3.8% to $4.54 billion.The company's expects revenue to grow by a low single digit in the second quarter, Dykes said on the call.In January, UPS said it planned to slash its workforce by up to 30,000 positions related to a planned reduction in Amazon's (AMZN) deliveries in its network.Price: $103.03, Change: $-5.21, Percent Change: -4.81%

$UPS