Overview
- Zijin will pay C$44 per share, a 5.4% premium, valuing Allied at about C$5.5 billion in cash.
- The companies expect to close in late April 2026, pending shareholder, court and Canadian national security and net-benefit approvals.
- Allied would owe Zijin C$220 million if the agreement is terminated under specified conditions.
- Allied runs mines in Mali and Côte d’Ivoire and has a project in Ethiopia, producing roughly 375,000 ounces of gold annually.
- Allied and Zijin shares rose on the news as gold prices hit fresh records near US$5,100 an ounce.