Zijin Gold International agreed to acquire Allied Gold Corporation for C$5.5 billion (about US$4.0 billion) in an all-cash transaction at C$44 per share, a 27% premium to the 30-day average.
Transaction financed entirely from Zijin’s cash reserves with no financing conditions and expected closing by late April 2026.
Shareholder & regulatory approvals required; Allied directors holding ~15.4% of shares have agreed to support the deal.
Upon completion, Allied Gold will be delisted from the Toronto and New York stock exchanges.
Deal includes a C$220 million termination fee payable by Allied under specified conditions.
Why it matters: This acquisition significantly increases Zijin’s portfolio of large-scale gold assets in Africa, including those in Ethiopia, and reflects continued consolidation in the global mining sector. The all-cash structure provides immediate value to Allied Gold shareholders without financing contingencies.