Zijin Gold to Acquire Allied Gold in C$5.5 Billion All-Cash Deal

Allied Gold Corporation ( (TSE:AAUC) ) has provided an announcement.

Allied Gold Corporation has agreed to be acquired by Hong Kong–listed Zijin Gold International Company Limited in a friendly, all-cash transaction valuing Allied Gold’s equity at approximately C$5.5 billion, or C$44 per share, representing a 27% premium to its 30-day volume-weighted average trading price on the TSX. The deal, structured as a plan of arrangement under Ontario corporate law and expected to close by late April 2026, offers Allied Gold shareholders immediate and certain value with no financing conditions, backed by Zijin Gold’s existing cash and liquidity, and is unanimously recommended by Allied’s board; it also underscores Zijin’s strategy to expand its presence in Africa through the acquisition of Allied’s “generational” gold assets such as Sadiola, Kurmuk and the CDI Complex, while bolstering its international mining portfolio and reinforcing confidence in the long-term production potential of these operations for stakeholders.

The most recent analyst rating on (TSE:AAUC) stock is a Hold with a C$46.00 price target. To see the full list of analyst forecasts on Allied Gold Corporation stock, see the TSE:AAUC Stock Forecast page.

Spark’s Take on TSE:AAUC Stock

According to Spark, TipRanks’ AI Analyst, TSE:AAUC is a Neutral.

The score is held back primarily by weak profitability and deteriorating free cash flow despite strong revenue growth and manageable leverage. Offsetting this, the latest earnings call was constructive with reaffirmed production guidance, strong operating cash flow, improving costs, and a solid cash position. Technically, the trend is positive, but very overbought momentum indicators increase near-term pullback risk; valuation is also pressured by losses and a negative P/E.

To see Spark’s full report on TSE:AAUC stock, click here.

More about Allied Gold Corporation

Allied Gold Corporation is a Toronto-based gold mining company with a portfolio of large-scale, long-life gold assets across Africa, including operations in Ethiopia, Mali and Côte d’Ivoire. The company focuses on identifying, financing, optimizing and developing high-quality gold projects in mining-friendly jurisdictions, with an emphasis on operational excellence and sustainability practices that prioritize employee safety, environmental performance and stakeholder engagement.

Average Trading Volume: 608,889

Technical Sentiment Signal: Buy

Current Market Cap: C$5.18B

Learn more about AAUC stock on TipRanks’ Stock Analysis page.