Zijin Gold agrees to acquire Allied Gold for 4.02 billion dollars in all cash transaction
Zijin Mining Group will acquire Allied Gold Corporation for 5.5 billion Canadian dollars. The all-cash deal comes as record bullion prices drive consolidation.
Insights:
Zijin Mining Group announced on January 26, 2026, that it has reached an agreement to acquire Canada 
CAbased Allied Gold Corporation for C$5.5 billion (US$4.02 billion) in an all-cash transaction. Under the terms of the deal, the Chinese miner will pay C$44 per share, representing a 5.4% premium to the last closing price of Allied Gold Corporation. Following the announcement, the U.S. 
USlisted shares of the target company rose nearly 4% in premarket trading.
CAbased Allied Gold Corporation for C$5.5 billion (US$4.02 billion) in an all-cash transaction. Under the terms of the deal, the Chinese miner will pay C$44 per share, representing a 5.4% premium to the last closing price of Allied Gold Corporation. Following the announcement, the U.S. USlisted shares of the target company rose nearly 4% in premarket trading.
