Gold Demand Just Broke a Record - Supply Can't Keep Up
Zijin Gold Strikes C$5.5 Billion All-Cash Deal to Secure Allied’s African Tier-1 Gold Portfolio
The most recent news (February 18, 2026) confirms the preliminary Q4 2025 operating results and provides a critical update on the pending acquisition by Zijin Gold International. Allied Gold produced 117,004 ounces in Q4 2025, exceeding guidance and bringing full-year production to 379,081 ounces. The company announced a definitive agreement to be acquired by Zijin for C$44.00 per share in cash, representing a 27% premium over the 30-day VWAP. A special meeting for shareholder approval is set for March 31, 2026, with closing expected in late April 2026.
- Financial Impact: The C$44.00 per share all-cash offer provides immediate liquidity and crystallizes value at an all-time high for shareholders. This removes the execution risk associated with the massive Kurmuk construction and Sadiola Phase 2 expansion.
- Operational Impact: Q4 2025 production of 117k oz at an AISC of $1,980/oz shows the company successfully executed its ramp-up strategy. The Sadiola Phase 1 expansion is complete, and Kurmuk remains on schedule for mid-2026.
- Strategic Impact: The entry of Zijin Gold, a major global miner, validates the "Tier-1" status of the Sadiola and Kurmuk assets. For Allied shareholders, the "Game Changer" is the shift from a high-growth, high-capex developer to a guaranteed cash exit.
Allied Gold is a Canadian-based gold producer with a portfolio in Africa. - Flagship Project 1: Sadiola (Mali): A world-class mine with 7.2 Moz in reserves. Phase 1 expansion (completed Q4 2025) allows processing of fresh ore. Phase 2 aims for 400k oz/year. - Flagship Project 2: Kurmuk (Ethiopia): A major development project on track for mid-2026 production, expected to produce 240k-290k oz/year at an AISC below $950/oz. - Côte d’Ivoire Complex: Stable production from Bonikro and Agbaou.