07:03 AM EDT, 03/27/2025 (MT Newswires) -- Allied Gold ( AAUCF ) late on Wednesday reported that it swung to adjusted net earnings in the fourth quarter.

Adjusted net earnings were US$9.5 million, or US$0.03 per share, swinging from a loss of US$4.6 million, or US$0.02 per share.

Net loss attributable to shareholders of the company was US$10.3 million, or a loss of US$0.03 per share, swinging from an income of US$5.4 million, or US$0.02 per share.

Revenue came in at US$170.8 million, down from US$179.7 million.

The company produced 99,632 ounces of gold, up from 94,755 ounces and in line with the guidance of 98,000 to 102,000 ounces. This was the highest production by quarter in 2024 and since the company was taken public.

Full-year 2024 production was 358,090 ounces, 4% higher than the previous year. In 2025, Allied expects to produce 375,000 to 400,000 ounces of gold.