The Globe and Mail reports in its Friday, Nov. 3, edition that CIBC Capital Markets analyst Anita Soni has commenced coverage on Allied Gold with an "outperformer" recommendation and $8 share target. The Globe's David Leeder writes that analysts on average target the shares at $8.28. The Globe says Ms. Soni sees an "attractive growth profile" at Allied Gold. Ms. Soni says in a note: "The company has three open-pit mines: Sadiola in Mali (80-per-cent ownership) and Agbaou (85 per cent) and Bonikro (89 per cent) in Cote d'Ivoire. Combined, the three assets currently produce over 375koz per year. The company is seeking to grow production from 375koz in 2022 to over 620koz in 2026 through the development of its Kurmuk project (93-per-cent ownership) in Ethiopia and subsequently to 700koz-800koz in 2029 through a mine expansion at Sadiola. This growth represents a doubling of production by 2029, which would make Allied Gold one of the fastest-growing diversified gold producers in Africa. We expect the growth to be further supported by exploration efforts across the portfolio, which, paired with additional cost optimization efforts, should provide for an attractive free cash flow (FCF) profile post build-outs."