11:12 AM EDT, 10/16/2025 (MT Newswires) -- Allied Gold ( AAUC ) shares fell 7.3% Thursday after it announced the pricing and terms of its previously announced overnight marketed underwritten offering of 6.4 million common shares at $27.35 apiece for about $175 million.

The company said it has granted the underwriters an over-allotment option exercisable, to buy up to an additional 15% of the number of shares sold in the offering for up to 30 days from and including the closing date of the offering. The closing of the offering is expected to occur on or about October 24.

Proceeds of the offering will be used to fund its optimization and growth initiatives, modify the plant under development at Kurmuk to increase average processing capacity for higher levels of production, begin the transition to owner mining at one or more operations, and general corporate needs.

Shares of the company were last seen down $2.11 at $26.64 on the Toronto Stock Exchange.

Price: 26.66, Change: -2.09, Percent Change: -7.27