MD&A FOR QUARTER AND HALF YEAR ENDED 30 JUNE 2011
Published : August 15, 2011
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QUEENSLAND, AUSTRALIA--(Marketwire - August 15, 2011) -


Allied Gold Mining Plc

ALLIED GOLD MD&A FOR QUARTER AND HALF YEAR ENDED 30 JUNE 2011

Following the announcement of the results for the quarter and half year ended 30 June 2011 on 28 July 2011, Allied Gold Mining Plc ("Allied" or" the Company") is pleased to announce its Financials and Management Discussion and Analysis (MD&A") for the same period.

The highlights are reiterated below, followed by the MD&A. The financials have been released simultaneously.


Highlights

Corporate

* Move from the London Stock Exchange's AIM to Main Market on 30 June 2011 - FTSE 250 admission targeted for H2 2011.

* Capital raising of $92 million net of transaction costs to fund Simberi expansion, restructure debt, exploration and working capital.

* Frank Terranova appointed CEO and Managing Director; Founding Chairman Mark Caruso moves to a Non-Executive position.

* Year end changed to 31 December.

* Cash at Bank as at 30 June $83 million with interest bearing liabilities of $59m. No gold hedging.

* Unaudited loss of US$4.6 million for the quarter.

Operations

* 155% increase in group production in Q2 2011 (28,344oz) compared to Q1 2011 (12,728oz).

* 25% increase in production for the half year to 30 June 2011 (41,072 oz) compared to the half year to 30 June 2010 (32,847oz).

* At Simberi (PNG) 67% increase in gold production in Q2 2011 (18,131oz) at a gross cash costs of US$822/oz compared to Q1 2011 (10,876oz).

* At Simberi (PNG), 11% decrease in production for the half year to 30 June 2011 (28,998oz) at gross cash costs of US$877/oz compared to the half year to June 2010 (32,847oz).

* At Gold Ridge, first full quarter of production (10,213 oz) and 12,074 ounces for the half year with progressive ramp up throughout calendar 2011.

* Extensive group exploration campaign ($10m - $15m FY 2011 budget) continues at Simberi and Gold Ridge.

* Production for CY 2011 on track for approximately 100,000oz ramping up to over 200,000oz in CY 2012.

For further information please contact:

Allied Gold Mining Plc (Investor and Media)
Simon Jemison
+61 418 853 922

RBC Capital Markets (Joint Corporate Broker)
Stephen Foss
Matthew Coakes
Daniel Conti
+44 (0) 207 653 4000


Oriel Securities (Joint Corporate Broker)
Jonathan Walker
Michael Shaw
Ashton Clanfield
+44 (0) 207 710 7600

Buchanan (Financial PR Advisor)
Bobby Morse
Charles O'Brien
Katharine Sutton
+44 (0) 207 466 5000

To view full text of the announcement, click on pdf link below:

http://www.rns-pdf.londonstockexchange.com/rns/3549M_1-2011-8-15.pdf

This information is provided by RNS The company news service from the London Stock Exchange

Contacts: RNS Customer Services 0044-207797-4400 Email Contact http://www.rns.com

Allied Gold Ltd.

PRODUCER
CODE : ALD.AX
ISIN : AU000000ALD4
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Allied Gold is a gold development stage company based in Australia.

Allied Gold produces gold, copper in Papua New Guinea, and holds various exploration projects in Australia and in Papua New Guinea.

Its main assets in production are SIMBERI MINING JV and JOHNSON CAMP (COPPER CHIEF / BURRO) in Papua New Guinea and its main exploration properties are MT DROMEDARY JV and MONAKOFF in Australia and TABAR ISLANDS in Papua New Guinea.

Allied Gold is listed in Australia. Its market capitalisation is AU$ 35.4 billions as of today (US$ 25.6 billions, € 22.4 billions).

Its stock quote reached its lowest recent point on December 12, 2003 at AU$ 0.14, and its highest recent level on May 17, 2022 at AU$ 33.99.

Allied Gold has 1 042 206 569 shares outstanding.

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8/31/2011Mining PLC: Exploration Update
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8/15/2011MD&A FOR QUARTER AND HALF YEAR ENDED 30 JUNE 2011
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