Zijin Gold Acquires Allied Gold in $5.5 Billion Cash Deal

Rowan Ashford

Published: January 26, 2026 10:17 AM ET

Allied Gold Corp. has announced a significant acquisition deal with Zijin Gold International Co. Ltd., valued at $5.5 billion. This agreement marks an essential milestone for both companies in the mining sector.

Zijin Gold Acquires Allied Gold

The acquisition means Zijin Gold will purchase shares from Allied Gold at $44 per share in cash. This price is notably higher than Allied Gold’s recent trading value. On January 26, 2026, Allied Gold shares closed at $41.75, down 55 cents on the Toronto Stock Exchange.

Details of the Acquisition

Acquirer: Zijin Gold International Co. Ltd.
Target: Allied Gold Corp.
Deal Value: $5.5 billion
Acquisition Price: $44 per share
Allied Gold Assets: Three producing assets and various development projects
Operating Regions: Côte d’Ivoire, Mali, and Ethiopia

Peter Marrone, chairman and CEO of Allied Gold, expressed confidence in the deal, highlighting it as an “all-time high” for the company’s stock. The acquisition is expected to close by late April 2026.

Approval Requirements

For the transaction to proceed, it requires the approval of Allied Gold shareholders. Additionally, the Canadian government must also grant approval under the Investment Canada Act.

This acquisition could lead to significant developments in the gold mining industry, enhancing Zijin Gold’s portfolio and global presence.