• 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.