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.

洞察:
Zijin Mining Group announced on January 26, 2026, that it has reached an agreement to acquire Canada CACAbased 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. USUSlisted shares of the target company rose nearly 4% in premarket trading.
A Zijin Mining sign is illuminated at the company's booth during the Prospectors and Developers Association of Canada (PDAC) annual mining conference in Toronto, Ontario, Canada, on March 3, 2025. REUTERS/Carlos Osorio
A Zijin Mining sign is illuminated at the company's booth during the Prospectors and Developers Association of Canada (PDAC) annual mining conference in Toronto, Ontario, Canada, on March 3, 2025. REUTERS/Carlos Osorio
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