BREAKINGVIEWS-Zijin’s $4 bln Canada gold grab has scarcity value
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Zijin Gold is set to acquire Canada’s Allied Gold for approximately C$5.5 billion ($4 billion) in cash, paying C$44 per share, which represents a 5.4% premium over the last closing price. The deal is expected to close by late April 2026, with Allied required to pay C$220 million to Zijin if the agreement is terminated under specific conditions. This acquisition comes amid a surge in gold prices, with shares of gold miners rising significantly.
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