Overview
- Zijin will pay C$44 per share, representing a premium of about 5.4% to Allied’s last close.
- The agreement includes a C$220 million termination payment payable by Allied under specified conditions.
- The companies aim to close by late April 2026, subject to shareholder, court and regulatory approvals in Canada and other jurisdictions.
- Allied’s shares rose roughly 4% on the announcement, signaling investor response to the all-cash offer.
- Allied operates three West African mines producing about 375,000 ounces annually, and the deal comes as high gold prices encourage consolidation among miners.