Africa: Zijin to Acquire Allied Gold for $4b As Africa Push Grows
Zijin Mining is finalizing a $4 billion all-cash acquisition of Allied Gold Corporation, tightening its grip on African gold output as prices surge. Under the agreement, Zijin Gold International will pay C$44 a share, valuing Allied Gold at about $4 billion. The assets produced about 400,000 ounces in 2025 and are expected to reach about…