Mergers & Acquisitions ·
Allied Gold Corp announced the termination of its Arrangement Agreement with Zijin Gold International Company Ltd.…
AAUCAllied Gold Corp
Allied Gold Corp announced the termination of its Arrangement Agreement with Zijin Gold International Company Ltd., citing that conditions for completion would not be met by the July 29, 2026 outside date. Concurrently, Allied secured a strategic investment from Zijin Gold via a non-brokered private placement of approximately 12.8 million common shares at C$32.55 per share. This transaction yields gross proceeds of US$295 million (C$417 million), resulting in Zijin holding roughly 9.2% of Allied's outstanding shares upon completion, expected around August 10, 2026. Proceeds will fund growth initiatives including the Kurmuk Mine start-up and expansions at Sadiola and the CDI Complex. Allied Gold Corp is a Canadian-based gold producer operating assets in Côte d'Ivoire, Mali, and Ethiopia.