Zijin Gold plans to acquire Allied Gold for CAD 5.5 billion, accelerating its entry into the core gold mining area in West Africa
Wallstreetcn·- Zijin Mining Group's Zijin Gold International has agreed to acquire Canadian company Allied Gold for 5.5 billion CAD, strengthening its global gold production position. - The acquisition involves a cash offer of 44 CAD per share, representing a 27% premium over Allied Gold's 30-day average price as of January 23. - This deal will add three gold mines to Zijin's portfolio, expected to yield up to 400,000 ounces of gold, enhancing its operations in Africa.