Allied Gold Limited

Allied Gold Limited is an Australian-based company with gold production and exploration development activities centred on one of the world’s proven and most prospective jurisdictions, the Pacific Rim of Fire.

Its gold producing Simberi mine site is located in PNG’s Tabar Islands, with exploration for gold and other mineral resources such as copper taking place on the adjacent Tatau and Big Tabar Islands. 

In 2008-09, its PNG operations produced 72,609 ounces of gold.  Studies are nearing completion on an expansion of the PNG oxide plant from 2 Mtpa to 3 Mtpa to increase production to 100,000 oz pa.  A study focused on the PNG sulphide resources is looking at the optional configuration for 100,000 ounces per annum sulphide operation which would lift PNG group production towards 250,000 ounces per annum by 2012.

In December 2009, Allied Gold acquired Australian Solomons Gold Ltd whose principal asset, Gold Ridge mine, is located on the island of Guadalcanal in the Solomon Islands.  Whilst in operation between 1998 to 2000, the mine produced in excess of 200,000 ounces.  Allied Gold is redeveloping this asset which will add an approximate 125,000 ounces of additional production to the group. 

The company’s commitment to asset growth and increased shareholder value will be underpinned by the development of highly prospective projects, accelerated exploration activities and the acquisition of viable entities or resources.

Allied Gold Limited is a publicly listed company on the Australian Stock Exchange (ASX), the Toronto Stock Exchange (TSX) and the London Stock Exchange (AIM).  The company is also involved in the construction of gold producing infrastructure.