Zijin Gold Worldwide Firm has signed a definitive settlement to amass all issued and excellent shares in Canadian firm Allied Gold for an fairness worth of practically C$5.5bn ($4.01bn), in an all-cash deal.
The Allied Gold acquisition provide is priced at C$44 per share.
The corporate’s major property embrace the Sadiola Gold Mine in Mali and the Côte d’Ivoire Advanced, together with the in-production Agbaou and Bonikro gold mines, and the Kurmuk gold mine in Ethiopia, which is scheduled to begin manufacturing within the second half of 2026.
The settlement consists of no financing situations. The money consideration is anticipated to be funded from Zijin Gold’s present money balances in addition to obtainable liquidity.
Zijin Gold chairman Hongfu Lin mentioned: “Allied Gold has efficiently assembled and superior a portfolio of large-scale, long-life gold property with compelling growth potential.
“As the possible new house owners, we look ahead to working with stakeholders in Ethiopia, Mali and Cote d’Ivoire to additional advance these operations. Sadiola and Kurmuk are generational property which we count on to supply multi-decade manufacturing, complemented by the significant manufacturing from the CDI Advanced.”
Closing of the transaction is anticipated by late April 2026, topic to the satisfaction or waiver of all obligatory situations and receipt of required clearances.
As soon as the transaction concludes, Allied Gold shares are anticipated to be delisted from the Toronto Inventory Trade (TSX) and the New York Inventory Trade (NYSE). Allied Gold would additionally stop to be a reporting issuer below Canadian in addition to US securities legal guidelines.
Completion stays topic to plenty of phrases and situations. These embrace approval of Allied Gold shareholders, approval below the Funding Canada Act (Canada), customary courtroom approval within the nation and no materials adversarial adjustments with regard to Allied Gold.
In September 2025, Zijin Gold raised HK$24.98bn by an preliminary public providing in Hong Kong.
“Zijin Gold Worldwide to amass Allied Gold for $4.01bn” was initially created and printed by Mining Expertise, a GlobalData owned model.
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