Northwire Canada EditionMonday, July 13, 2026
Sign inSubscribe
Northwire
⌕
GLDN 0.055 +0.0% BRON 0.040 +0.0% BTO 5.43 −0.7% ESK 0.365 −2.7% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0% GLDN 0.055 +0.0% BRON 0.040 +0.0% BTO 5.43 −0.7% ESK 0.365 −2.7% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0%
M&A / Property Game Changer

Allied Gold Reports Record Q4 Production, Advances Growth Strategy and Completes Key Step Toward Transaction with Zijin Gold

Zijin Gold strikes C$5.5 billion cash deal to swallow Allied Gold at all-time highs

By The Northwire Desk — AI Analysis Mar 31, 2026 · 17:08 AAUC · 43.12 Allied Gold Corporation
Executive Summary

The most recent news (March 31, 2026) confirms that Allied Gold has signed a definitive arrangement agreement to be acquired by Zijin Gold International for C$44.00 per share in cash. This represents a ~27% premium over the 30-day VWAP and values the company at approximately C$5.5 billion. Concurrently, Allied reported record Q4 2025 production of 117,004 oz, exceeding guidance and bringing full-year production to 379,081 oz. The company also provided 2026 guidance of 485,000–575,000 oz, factoring in the mid-2026 startup of the Kurmuk project in Ethiopia.

Material Impact
  • Acquisition Certainty: The news is a "Game Changer" as it provides a definitive exit for shareholders at an all-time high price, removing all operational and jurisdictional risks associated with Mali (Sadiola) and Ethiopia (Kurmuk).
  • Operational Excellence: The record Q4 production (34% above the average of the prior three quarters) validates management's "Phase 1" expansion strategy at Sadiola. AISC margins increased 58% vs Q3, demonstrating significant operating leverage.
  • Growth De-risking: By selling now, Allied avoids the heavy capital expenditure phase for Sadiola Phase 2 and the final ramp-up risks at Kurmuk. The C$44 price crystallizes value that was previously contingent on 2026-2028 execution.
  • Financial Strength: The company ended 2025 with $479.8M in cash, significantly bolstered by the October 2025 equity raise and strong Q4 operating cash flow of $189.3M.
AAUC · Price
Company Overview

Allied Gold is a mid-tier gold producer with a portfolio focused on Africa. - Sadiola (Mali): Flagship asset. Produced 57k oz in Q4 2025. Phase 1 expansion is complete, allowing 60% fresh ore feed. - Kurmuk (Ethiopia): The primary growth engine. Expected to produce ~240k oz/year LOM at AISC <$950/oz. First gold expected mid-2026. - Côte d’Ivoire Complex: Stable production from Bonikro and Agbaou, targeting 180-200k oz/year.

Read the original news release →

More from Allied Gold Corporation

Jun 10, 2026 · 07:53

Allied extends its Zijin deal and ramps up Kurmuk, though rising AISC and M&A delays limit near-term upside.

Drill Results May 29, 2026 · 15:24

M&A Update

M&A / Property May 14, 2026 · 16:53

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

Earnings Apr 28, 2026 · 08:53

Allied Gold Acquisition Timeline Extended to May 29 as Operations Remain Stable Amid Regulatory Approvals

M&A / Property Mar 31, 2026 · 17:31

Allied Gold Shareholders Approve Arrangement With Zijin Gold

M&A / Property Mar 26, 2026 · 03:09

Argentina’s Gran Esperanza project begins a disciplined on-the-ground mapping phase as high-grade potential comes into view

Drill Results