-- 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%