Zijin Gold to Acquire Allied Gold at C$44 Cash Offer, 27% Premium
Zijin Gold International agreed to acquire Allied Gold for C$44 per share cash, valuing it at C$5.5B and representing a 27% premium, with closing by late April 2026. 2025 output topped 375,000 ounces, driven by a new Phase 1 comminution circuit at Sadiola and increased stripping at Bonikro.
1. Deal Terms
In January 2026, Zijin Gold International agreed to acquire Allied Gold Corporation for C$44 per share in cash, valuing the equity at C$5.5 billion and reflecting a 27% premium to the 30-day VWAP. The plan of arrangement under Ontario law carries no financing condition and is slated to complete by late April 2026.
2. 2025 Production Growth
Allied Gold produced 262,077 ounces of gold in the first nine months of 2025 versus 258,459 ounces a year earlier and is projected to exceed 375,000 ounces for the full year, driven by the Phase 1 comminution circuit entering production at Sadiola and increased stripping at Bonikro.
3. Operational Enhancements
The company has deployed new equipment at Sadiola to boost fleet availability, increased stripping activities at Agbaou, and is drilling high-grade zones to refine mine models. Exploration at the Kurmuk project in Ethiopia is underway ahead of planned production in 2026.