Northwire Canada EditionFriday, September 18, 2026
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GOLD 4399.70 +0.3% SILVER 66.09 +1.8% COPPER 6.61 +1.6% OIL 101.91 −0.5% PALLADIUM 1289.50 −1.8% DRY 0.260 +0.0% PMI 0.700 +2.9% ROX 0.055 +0.0% KLDC 0.420 +13.5% NGEX 24.98 +3.1% OMG 2.60 +2.8% AAUC 30.07 +2.7% TAJ 0.180 +5.9% FF 0.900 +1.1% RM 4.12 +9.3% BEA 0.055 +22.2% MKA 0.820 +6.5% MOLY 1.55 +1.3% EMPR 0.895 +0.0% PEAK 0.400 +0.0% CBLT 0.050 +0.0% GOLD 4399.70 +0.3% SILVER 66.09 +1.8% COPPER 6.61 +1.6% OIL 101.91 −0.5% PALLADIUM 1289.50 −1.8% DRY 0.260 +0.0% PMI 0.700 +2.9% ROX 0.055 +0.0% KLDC 0.420 +13.5% NGEX 24.98 +3.1% OMG 2.60 +2.8% AAUC 30.07 +2.7% TAJ 0.180 +5.9% FF 0.900 +1.1% RM 4.12 +9.3% BEA 0.055 +22.2% MKA 0.820 +6.5% MOLY 1.55 +1.3% EMPR 0.895 +0.0% PEAK 0.400 +0.0% CBLT 0.050 +0.0%
M&A / Property Neutral

Allied Gold Advances Receipt of Regulatory Approvals and Clearances in Connection with the Proposed Arrangement with Zijin Gold International and Extends the Outside Date to July 29, 2026

M&A Update

By The Northwire Desk — AI Analysis May 29, 2026 · 15:24 AAUC · 37.31 Allied Gold Corporation
Executive Summary
  • Allied Gold Corporation announced receipt of key regulatory approvals for its proposed acquisition by Zijin Gold International Company Limited.
  • Approvals secured include Investment Canada Act (ICA), Regional Competition Authority of ECOWAS, and Competition and Consumer Commission of COMESA.
  • The Outside Date for the transaction has been extended from May 29, 2026 to July 29, 2026.
  • Credit Facility amendments were agreed upon to facilitate completion of the Transaction; implementation is in progress.
  • Certain regulatory approvals in host countries in Africa remain sought or are in advanced stages.
  • Closing remains subject to outstanding regulatory approvals and satisfaction of remaining conditions set out in the Arrangement Agreement.
Material Impact
  • The news confirms significant regulatory milestones (ICA, ECOWAS, COMESA) which reduces the risk of a deal break compared to previous uncertainty.
  • However, extending the Outside Date by two months introduces additional cash burn risk and operational execution risk before closing.
  • The market reaction prior to this release (price drop from ~$43 to $37) suggests investors are pricing in the delay and Q1 operational losses ($58M net loss).
  • The acquisition price remains C$44 per share, all-cash, with no financing condition, which supports shareholder value realization despite the timeline extension.
  • This is not a Game Changer as the transaction was announced in January 2026; it is an incremental update on execution risk.
AAUC · Price
Company Overview
  • Allied Gold operates a portfolio of gold assets in West Africa: Sadiola (Mali), Bonikro and Agbaou (Côte d’Ivoire), and Kurmuk (Ethiopia).
  • Sadiola: Phase 1 expansion completed Q4 2025; ramp-up progressing with fresh ore feed increasing to ~60%.
  • Kurmuk: Development on track for first gold mid-2026; target processing capacity up to 6.4 Mt/y.
  • Bonikro & Agbaou: Production increased in Q1 2026 compared to prior year, contributing to total production growth of 14%.
  • The company is transitioning from a junior miner to an acquisition target for Zijin Gold International.
Read the original news release →

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Drill Results May 14, 2026 · 16:53

Allied Gold Shares Trade Near Acquisition Price as Zijin Deal Nears Closing Despite Q1 Cost Inflation

Earnings