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MSA 7.09 +2.5% AEM 204.37 +0.5% OPW 0.105 +5.0% GRL 0.285 +1.8% AIS 0.150 +0.0% CUU 0.590 +0.0% SOMA 0.720 +5.9% GAL 0.390 +0.0% AUMB 0.615 −3.9% UTWO 0.390 +0.0% GSKR 3.24 −0.3% AVX 0.005 −nan% AII 19.07 −4.2% GWM 0.480 +0.0% GEN 0.070 −nan% NIO 0.135 +0.0% MSA 7.09 +2.5% AEM 204.37 +0.5% OPW 0.105 +5.0% GRL 0.285 +1.8% AIS 0.150 +0.0% CUU 0.590 +0.0% SOMA 0.720 +5.9% GAL 0.390 +0.0% AUMB 0.615 −3.9% UTWO 0.390 +0.0% GSKR 3.24 −0.3% AVX 0.005 −nan% AII 19.07 −4.2% GWM 0.480 +0.0% GEN 0.070 −nan% NIO 0.135 +0.0%
M&A / Property Game Changer

Allied Gold Announces Filing and Mailing of Management Information Circular in Connection with the Proposed Arrangement with Zijin Gold International

Zijin Gold Strikes C$5.5 Billion All-Cash Deal to Acquire Allied Gold’s African Tier-1 Portfolio

By The Northwire Desk — AI Analysis Mar 09, 2026 · 17:00 AAUC · 42.75 Allied Gold Corporation
Executive Summary

The most recent news (March 09, 2026) confirms the filing and mailing of the Management Information Circular regarding the proposed acquisition of Allied Gold by Zijin Gold International. Zijin has offered C$44.00 per share in an all-cash transaction, valuing the company at approximately C$5.5 billion. This follows the initial announcement on January 26, 2026. The offer represents a 27% premium to the 30-day VWAP. The Board of Directors has unanimously recommended the deal. A shareholder meeting is scheduled for March 31, 2026, with the transaction expected to close in late April 2026.

Material Impact
  • Financial Impact: The C$44.00 per share offer crystallizes value at an all-time high for shareholders, removing the risks associated with the heavy capital expenditure required for Sadiola Phase 2 and the final ramp-up of Kurmuk.
  • Operational De-risking: The acquisition eliminates the "execution risk" of bringing the Kurmuk project into production (scheduled for mid-2026) and the geopolitical risks inherent in Mali and Ethiopia.
  • Strategic Shift: Allied Gold will transition from a public growth story to a private subsidiary of Zijin, delisting from the TSX and NYSE.
  • Valuation: The deal values Allied Gold significantly higher than its previous trading ranges, reflecting the "Tier-1" status of its Sadiola and Kurmuk assets in a record-high gold price environment (Goldman Sachs forecasting $5,400/oz by end-2026).
AAUC · Price
Company Overview

Allied Gold is a mid-tier gold producer with a focus on Africa. - Flagship Project 1: Sadiola (Mali): A world-class asset with 7.2 Moz in P&P reserves. Phase 1 expansion was completed in Q4 2025. Phase 2 aims for 400k oz/year. - Flagship Project 2: Kurmuk (Ethiopia): A development project on track for first gold in mid-2026, expected to produce 240k-290k oz/year at an AISC below $950/oz. - CDI Complex (Côte d’Ivoire): Producing assets (Bonikro and Agbaou) providing steady cash flow.

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.

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M&A / Property May 14, 2026 · 16:53

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

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M&A / Property Mar 31, 2026 · 17:31

Allied Gold Shareholders Approve Arrangement With Zijin Gold

M&A / Property Mar 31, 2026 · 17:08

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

M&A / Property