By: Trends Africa

Allied Gold Corporation poured more than US$ 187 million in capital expenditures into the Kurmuk gold mining project in Benishangul-Gumuz in the nine months leading up to October 2025, according to a document filed with the US Securities and Exchange Commission.

Allied Gold holds three gold exploration licenses in Benishangul through its subsidiary Kurmuk Gold Mining PLC (KGM) and its executives say they will begin gold production in mid-2026, almost a decade after the firm acquired the concessions. Before the acquisition in 2018, the Kurmuk gold project was under Asec Company for Mining (ASCOM), a conglomerate with strong ties to the Egyptian government.

KGM holds a 20-year concession for gold mining in a 100 square kilometer plot covering the Dish Mountain and Ashashire deposits, with gold exploration licenses covering an additional 1,450 square kilometers in Benishangul, according to a prospectus presented to investors in 2023.