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Zijin Gold to Acquire Allied Gold for C$5.5 Billion

1/27/2026

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Summary

Story summary

Zijin Gold International Co. Ltd. will acquire Allied Gold Corp. for C$5.5 billion in cash.
Zijin will pay C$44 per Allied share, a 5.4% premium.
The deal aims to boost Zijin's global presence amid rising gold prices, per Allied Gold's CEO Peter Marrone.
The transaction is due to close by April 2026, pending Allied shareholders' and Canadian government approvals.
If terminated under specific conditions, Allied must pay Zijin C$220 million.

History

Historical Context

In 2006, Barrick Gold acquired Placer Dome for $10.4 billion, gaining control of over 8 million ounces of gold reserves and significantly boosting its production capacity. This acquisition exemplified a broader trend in the gold industry, where companies like Zijin Gold, which purchased Allied Gold for C$5.5 billion, consolidated resources to enhance their global presence amid rising gold prices.

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Story summary

Zijin Gold International Co. Ltd. will acquire Allied Gold Corp. for C$5.5 billion in cash.
Zijin will pay C$44 per Allied share, a 5.4% premium.
The deal aims to boost Zijin's global presence amid rising gold prices, per Allied Gold's CEO Peter Marrone.
The transaction is due to close by April 2026, pending Allied shareholders' and Canadian government approvals.
If terminated under specific conditions, Allied must pay Zijin C$220 million.

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