Allied Gold Mining Plc (ASX:ALD) surged 1.93%, to close at $3.17 and its overall traded volume was shares in the last trading session. ALD opened the day at $3.15, it made an intraday low of $3.15 and an intraday high of $3.25. The stock has a 52 week low of $0.43 and 52 week high of $3.25. The market capitalization of the company stands at $633.20M and it has 199.75M outstanding shares.
Allied Gold Mining PLC, formerly Allied Gold Limited, is engaged in the mining, processing and exploration of gold. The Company’s gold production and exploration development portfolio is centered on the Pacific Rim of Fire, in particular the Simberi Island in the Tabar Islands of Papua New Guinea. Papua New Guinea consists of mining and processing and mineral exploration activities undertaken at the Simberi project. The Simberi Mining Joint Venture owns ML136 covering the eastern portion of Simberi Island, the northern island of the Tabar group, off New Ireland, Papua New Guinea. The Tabar Exploration Joint Venture owns EL609, which covers all of Tatau and Tabar Islands, as well as the ground on Simberi Island not covered by ML136. During the fiscal year ended June 30, 2010 (fiscal 2010), it produced 64,327 ounces of gold. In December 2009, Allied Gold acquired Australian Solomons Gold Limited (ASG).
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