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2 clusters · 2 sources · 16 days · First seen · Last updated

Allied Gold and Zijin Gold transaction restructuring

Overview

Allied Gold Corp. and Zijin Gold International terminated their acquisition agreement after determining that closing conditions were unlikely to be met by the July 29, 2026, deadline. The original takeover proposal valued Allied Gold at approximately US$5.5 billion.

In place of the full takeover, Zijin will execute a strategic private-placement investment of roughly US$295 million, acquiring approximately 12.8 million shares to secure a 9.2% ownership stake. This capital is intended to fund Allied Gold’s expansion projects in Mali, Ethiopia, and Côte d’Ivoire. The shift follows concerns raised by Chinese regulators regarding geopolitical risks and premiums associated with Allied Gold’s African assets.

Entities

Zijin Mining Group · Sadiola mine · Côte d’Ivoire (CDI) Complex · Kurmuk gold mine · Sadiola gold mine

Timeline

  1. 12 days ago

    [BUSINESS] 2 sources
    Zijin Mining International reports 179% surge in interim net profit

    Zijin Mining International reported a 179% year-on-year increase in interim net profit to $1.451 billion, driven by higher gold production and rising international gold prices.

  2. 28 days ago

    [BUSINESS] 9 sources
    Allied Gold termination of Zijin takeover; $295 million stake investment confirmed

    Allied Gold terminated its $5.5 bn takeover by Zijin after unmet conditions; Zijin will instead invest $295 m for a 9.2% stake to fund African mine expansions.

Sources

news.hkheadline.com.hk · singtao.com