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Zijin Mining acquires Allied Gold for $5.5 billion

May 08, 2026

Acquiring Company

Zijin Mining

Acquired Company

Allied Gold Corporation

Longyan CityTorontoMiningPrecious MetalsMineralMining TechnologyOtherMiningPrecious MetalsMineral

Description

In a significant merger, Zijin Mining has acquired Allied Gold for 5.5 billion Canadian dollars. Allied Gold is a leading Canadian company with mining operations in Mali, Côte d'Ivoire, and Ethiopia. This acquisition marks a notable milestone in overseas M&A activities by Chinese companies, aiming to secure valuable resources.

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Company Information

Company

Zijin Mining

Location

Longyan City, Fujian, China

About

Zijin Mining is a multinational metal mining company primarily involved in the exploration and production of gold and copper. It has transformed from a small mining company into one of the top mining enterprises globally. The company is known for its strategic expansion through mergers and acquisitions. With nearly 4,000 tons of gold resources, it plays a significant role in the global copper industry.

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Frequently asked

Who acquired Allied Gold Corporation?

Allied Gold Corporation was acquired by Zijin Mining, based in Longyan City. The deal was reported on May 8, 2026. Zijin Mining is a multinational metal mining company primarily involved in the exploration and production of gold and copper. Zijin Mining is privately held and operates in Mining.

When did Zijin Mining acquire Allied Gold Corporation?

Zijin Mining's acquisition of Allied Gold Corporation was reported on May 8, 2026. In a significant merger, Zijin Mining has acquired Allied Gold for 5.5 billion Canadian dollars. Allied Gold is a leading Canadian company with mining operations in Mali, Côte d'Ivoire, and Ethiopia. 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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