Zijin Gold Acquires Allied Gold for $4.02 Billion

Allied Gold Corporation (AAUC) entered a merger agreement on January 26, 2026, to be acquired by Zijin Gold International Company Limited in a deal valued at $4.02 billion.

Deal Structure:

Zijin Gold will acquire all of the issued and outstanding shares of Allied Gold for C$44 per share (about $32.12) in cash, representing a premium of 5.66% from the stock’s last close.

Company Profile:

Allied Gold is a Canada-based gold producer with operations and development projects in Côte d’Ivoire, Mali, and Ethiopia, exploring and producing gold and silver while advancing toward mid-tier and senior global producer status.

Zijin Gold is a gold mining company listed on the Hong Kong Stock Exchange that operates and develops gold assets across nine countries, producing and selling gold through its portfolio of international mines.

Deal Details and Timeline:

The cash consideration will be funded from Zijin Gold’s existing cash balances and available liquidity.

The deal is expected to close by late April 2026.

All outstanding convertible debentures of Allied Gold will be bought for cash, based on the number of shares they would convert into at the change-of-control conversion price, multiplied by the offer price, plus any accrued and unpaid interest.

Moelis & Co. acted as financial advisor to Allied Gold, with Cassels Brock & Blackwell and Paul, Weiss, Rifkind, Wharton & Garrison serving as legal counsel. RBC Capital Markets acted as financial advisor to Zijin Gold, with Fasken Martineau DuMoulin serving as legal counsel.

The acquisition price represents a multiple of 12.73 times EBITDA for Allied Gold.

Deal Metrics:

To access more details about this merger and acquisition transaction, please visit the Deal Metrics page:

Deal Metrics for the acquisition of Allied Gold Corporation (AAUC) by Zijin Gold International Company Limited

The Deal Metrics page for each merger or acquisition includes:

• A spread history chart of the merger from announcement through eventual completion or failure.
• Every event as the merger progresses through the expiration of the HSR period, various regulatory approvals, shareholder votes, etc.
• News and SEC filings.
• A history of deal updates.
• And a whole lot more.

Disclaimer: Please do your own due diligence before buying or selling any securities mentioned in this article. We do not warrant the completeness or accuracy of the content or data provided in this article.

[1 Canadian Dollar = $0.73]

Editor’s Note: Baranjot Kaur contributed to this article