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Allied Gold to acquire Zijin for C$5.5 billion

PRIVATEMay 20, 2026

Acquiring Company

Zijin Gold

Acquired Company

Allied Gold Corporation

ChinaTorontoMiningMineralMining TechnologyOtherMiningPrecious MetalsMineral

Description

Allied Gold Corporation is advancing its acquisition of Zijin Mining Group, agreeing to a cash payment of C$44 per share, totaling approximately C$5.5 billion. The acquisition is nearing completion with regulatory approvals expected to finalize by May 29, 2026. This strategic move aims to enhance Allied Gold's production capabilities and market presence.

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Company Information

Company

Zijin Gold

Location

China

About

Zijin Gold is a leading Chinese mining company engaged in the exploration and production of gold and other minerals. It operates various mining projects both domestically and internationally. The company is publicly traded and has a strong presence in the global mining sector. Zijin aims to enhance its resource base and expand its geographical footprint.

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Frequently asked

Who acquired Allied Gold Corporation?

Allied Gold Corporation was acquired by Zijin Gold, based in China. The deal was reported on May 20, 2026. Zijin Gold is a leading Chinese mining company engaged in the exploration and production of gold and other minerals. It operates various mining projects both domestically and internationally. Zijin Gold is privately held and operates in Mining.

When did Zijin Gold acquire Allied Gold Corporation?

Zijin Gold's acquisition of Allied Gold Corporation was reported on May 20, 2026. Allied Gold Corporation is advancing its acquisition of Zijin Mining Group, agreeing to a cash payment of C$44 per share, totaling approximately C$5.5 billion. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Allied Gold Corporation do?

Allied Gold Corporation is a Canadian-based gold producer with operations and development projects in Côte d'Ivoire, Mali, and Ethiopia. It is publicly traded (AAUC), operating in Other, and is based in Toronto.

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