Allied gold announces long-term power purchase agreement for kurmuk gold project

Toronto , aug. 19, 2024 /prnewswire/ - allied gold corporation (tsx: aauc) ("allied" or the "company") is pleased to announce that kurmuk gold mine plc ("kgm"), its subsidiary that owns the kurmuk gold project in ethiopia, has entered into a definitive power purchase agreement ("ppa") with ethiopian electric power ("eep") to secure a reliable, competitive, and sustainable energy supply for the kurmuk gold project throughout the life of the mine. this is an important milestone in the project's development, as a steady supply of hydroelectric power is one of the factors that ensures the kurmuk gold project remains one of the lowest all-in sustaining cost ("aisc")(1) projects in the world.
GOLD Ratings Summary
GOLD Quant Ranking