Yakira Capital Management, Inc. has established a new position in Allied Gold Corporation (NYSE: AAUC), acquiring 195,710 shares in a transaction estimated at $5.91 million based on quarterly average pricing.
The move was disclosed in a May 14, 2026, SEC filing, with the stake valued at $6.05 million as of March 31, 2026, reflecting both the acquisition cost and price movement over the period.
The new holding represents 1.77% of Yakira Capital’s 13F assets under management, placing it outside the fund’s top five holdings by portfolio weight.
Yakira Capital’s top three positions after the filing include NYSE:HYT at $30.34 million, or 8.9% of assets under management, NASDAQ:HOLX at $15.01 million, or 4.4%, and NYSE:GTLS at $11.09 million, representing 3.3% of the fund.
The transaction also represented a 1.73% increase in Yakira Capital’s reportable 13F assets under management for the quarter.
Allied Gold shares were priced at $29.51 as of May 13, 2026, up 151.6% over the prior year, outperforming the S&P 500 by 125.11 percentage points over the same period.
The stock is up approximately 18% year-to-date, and Allied Gold is preparing to produce its first gold from its Kurmuk Project in Ethiopia during the third quarter.
Allied Gold is also set to be acquired by Zijin Gold, a Hong Kong-based gold exploration and extraction company, which has offered CA$44 per share while the stock trades at around CA$37 per share on the Toronto Stock Exchange.
Allied Gold is a Toronto-headquartered gold producer with open pit mining operations spanning Mali, Côte d’Ivoire, and Ethiopia, supplying gold and silver to global commodity buyers and refiners.
The company reported trailing twelve-month revenue of $1.33 billion and a net loss of $51.85 million, with a current market capitalization of $3.68 billion.
Gold prices are up approximately 5% year-to-date, following a roughly 64% increase in 2025, which was driven by investor demand amid concerns over tariffs and their broader economic impact.
Market analysts note that gold’s more modest gains in 2026 reflect a shift back into technology stocks over recent months, though rising valuations in that sector could redirect investor interest toward gold once again.
