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04 | 08

Allied Gold moves to Buchanan

Allied Gold Mining, the Pacific Rim gold producer, has appointed Buchanan as its Financial PR advisor following its step up from AIM to the London Stock Exchange’s Main Market.

The £400m valued company has two producing mines in the Solomon Islands and Papua New Guinea,  a large resource and reserve base (resources: 8.3 million ounces / reserves: 3.4 million ounces) and a rapid growth profile.  Allied is planning to more than treble its gold production from the current run rate of 70,000 ounces of gold a year to more than 220,000 ounces over the next 12 months.

The Company’s primary listing is in London, with secondary listings in Toronto and Australia, and it is aiming to become a constituent of the FTSE 250 in the near term.

Bobby Morse, Buchanan’s senior partner, will lead the team representing Allied.

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