Global Strategy Meets Geopolitical Thaw
Expansion across borders
Zijin, among the world’s largest gold producers with operations spanning nine countries, has been riding strong momentum. The company made a robust Hong Kong market debut last year, buoyed by a sustained rally in bullion prices and a fundraising boom in September.
The deal also unfolds against a backdrop of warming diplomatic ties. Earlier this month, Canada and China reached a preliminary agreement to reduce tariffs on electric vehicles and canola, while pledging to ease trade barriers and deepen strategic cooperation.
Allied’s African Portfolio in the Spotlight
Allied Gold CEO Peter Marrone said the transaction delivers meaningful value to shareholders and highlights the strength and scale of the company’s gold assets across Africa.
As part of the agreement, Allied would be required to pay Zijin a termination fee of C$220 million if the deal collapses under certain conditions.
What Comes Next
The companies expect the acquisition to close by late April 2026, pending customary approvals and closing conditions.
If completed, the deal would further cement Zijin’s position on the global mining stage, turning today’s gold rush into tomorrow’s expanded empire.
