markets · · seekingalpha.com
Allied Gold: High Risk, Heavy NAV Discount, Short Timeline To Production Jump
Allied Gold operates mines in Mali, Ivory Coast, and is commissioning a flagship project in Ethiopia, driving significant production growth. I rate the stock a 'Buy' due to a deep NAV discount, expected earnings doubling by 2028, and operational improvements across legacy and new assets. Key upside drivers include Sadiola's expansion, Bonikro and Agbaou's resource conversion, and Kurmuk's low-cost, high-volume ramp-up, offset by high country risk in Ethiopia and Mali.
Allied Gold operates mines in Mali, Ivory Coast, and is commissioning a flagship project in Ethiopia, driving significant production growth. I rate the stock a 'Buy' due to a deep NAV discount, expected earnings doubling by 2028, and operational improvements across legacy and new assets. Key upside drivers include Sadiola's expansion, Bonikro and Agbaou's resource conversion, and Kurmuk's low-cost, high-volume ramp-up, offset by high country risk in Ethiopia and Mali.
- #NAV