Zijin Gold International to acquire Allied Gold for $4.01bn

Zijin Gold International Company has signed a definitive statement to get each issued and outstanding shares successful Canadian institution Allied Gold for an equity worth of astir C$5.5bn ($4.01bn), successful an all-cash deal.

The Allied Gold acquisition connection is priced astatine C$44 per share.

The company’s superior assets see the Sadiola Gold Mine successful Mali and the Côte d’Ivoire Complex, including the in-production Agbaou and Bonikro golden mines, and the Kurmuk golden excavation successful Ethiopia, which is scheduled to commence accumulation successful the 2nd fractional of 2026.

The statement includes nary financing conditions. The currency information is expected to beryllium funded from Zijin Gold’s existing currency balances arsenic good arsenic disposable liquidity.

Zijin Gold president Hongfu Lin said: “Allied Gold has successfully assembled and precocious a portfolio of large-scale, long-life golden assets with compelling enlargement potential.

“As the prospective caller owners, we look guardant to moving with stakeholders successful Ethiopia, Mali and Cote d’Ivoire to further beforehand these operations. Sadiola and Kurmuk are generational assets which we expect to supply multi-decade production, complemented by the meaningful accumulation from the CDI Complex.”

Closing of the transaction is expected by precocious April 2026, taxable to the restitution oregon waiver of each indispensable conditions and receipt of required clearances.

Once the transaction concludes, Allied Gold shares are expected to beryllium delisted from the Toronto Stock Exchange (TSX) and the New York Stock Exchange (NYSE). Allied Gold would besides cease to beryllium a reporting issuer nether Canadian arsenic good arsenic US securities laws.

Completion remains taxable to a fig of presumption and conditions. These see support of Allied Gold shareholders, support nether the Investment Canada Act (Canada), customary tribunal support successful the state and nary worldly adverse changes with respect to Allied Gold.

In September 2025, Zijin Gold raised HK$24.98bn done an archetypal nationalist offering successful Hong Kong.

"Zijin Gold International to get Allied Gold for $4.01bn" was primitively created and published by Mining Technology, a GlobalData owned brand.

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