Mining

Allied Gold to List on New York Stock Exchange by September

Allied Gold to List on New York Stock Exchange by September
Friday, 28 March 2025 16:41

Allied Gold operates the Bonikro and Agbaou gold mines in Côte d'Ivoire and the Sadiola mine in Mali. The company is currently listed on the Toronto Stock Exchange in Canada.

Allied Gold has announced plans to list on the New York Stock Exchange (NYSE). During its annual results on Thursday, March 27, the company confirmed it is in advanced discussions with the NYSE. The ticker symbol "AAUC" has already been reserved, and the listing is anticipated for the third quarter of 2025.

The New York Stock Exchange (NYSE) is conducting due diligence to approve Allied Gold’s listing. The firm is currently listed on the Toronto Stock Exchange (TSX).

Allied Gold operates three gold mines in West Africa—Bonikro and Agbaou in Côte d'Ivoire, and Sadiola in Mali—and is building a fourth in Ethiopia. The company produced 358,091 ounces of gold in 2024, a 4% year-on-year increase, and aims to reach 400,000 ounces in 2025.

A NYSE listing would support Allied’s growth plans by attracting a broader investor base and providing greater liquidity for trading shares. The company expects increased coverage from U.S. investment banks, offering detailed analysis, visibility, and investment recommendations to draw more investors.

In recent years, New York has become the go-to stock market for gold producers, including industry leaders like Newmont Corporation and AngloGold Ashanti. In 2023, AngloGold Ashanti shifted its primary listing from Johannesburg to New York. At the time, CEO Alberto Calderon stated that  it was "the world’s leading capital market, and the largest equity market for gold shares, among the world’s most highly valued producers."

However, Allied Gold’s potential listing on the New York Stock Exchange (NYSE) is not guaranteed. While NYSE authorities conduct due diligence, Allied is exploring other funding options. In February 2025, the company secured $375 million from Emirati investment fund Ambrosia to expand operations at the Sadiola gold mine in Mali.

This article was initially published in French by Emiliano Tossou 

Edited in English byAnge Jason Quenum

 

On the same topic
Gold production rose 10% year on year, reaching 1.21 mln ounces in 2025. Lafigué delivered its first full year of output, offsetting declines at other...
Galiano Gold will invest at least C$17mln in gold exploration in Ghana in 2026. The budget is up 70% year on year and targets reserve growth at the...
Nigeria lowered oil and gas signature bonuses to $3m–$7m from much higher past levels. The change applies to payments made before license awards...
Mozambique expects Rovuma LNG construction to start within 12-18 months Improved security enables restart of major northern gas...
Most Read
01

Except for Tunisia entering the Top 10 at Libya’s expense, and Morocco moving up to sixth ahead of A...

Global Firepower Index 2026: Egypt, Algeria, Nigeria Lead Africa's Military Rankings
02

Circular migration is based on structured, value-added mobility between countries of origin and host...

Circular migration as a lever to turn Africa’s student exodus into value
03

BRVM listed the bonds of the FCTC Sonabhy 8.1% 2025–2031, marking Burkina Faso’s first securitiz...

BRVM Lists Burkina Faso’s First Securitization Fund Bonds
04

CBE introduced CBE Connect in partnership with fintech StarPay. The platform enables cross-border...

Ethiopia’s CBE launches digital platform to channel diaspora remittances
05

President Tinubu approved incentives limited to the Bonga South West oil project. The project tar...

Nigeria approves targeted incentives to speed up Shell’s Bonga South West project
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.