What was the original acquisition target, price, and structure of the deal that Zijin Mining terminated?

Zijin Mining terminated its planned all-cash acquisition of Canadian gold miner Allied Gold (NYSE: AAUS/TSX: AAUC), which was announced on January 26 with an offer of C$44 per share, totaling approximately C$5.5 billion (about RMB 28 billion).

What did Zijin Mining decide to do instead of completing the full acquisition of Allied Gold?

Instead of completing the full acquisition, Zijin Mining terminated the deal and opted to acquire a 9.2% stake in Allied Gold.

Zijin Mining Terminates 28 Billion RMB African Gold Mine Acquisition, Switches to 9.2% Stake in Allied Gold

Jul 30, 2026

Zijin Mining announced the termination of its largest M&A deal, a 28 billion RMB cash acquisition of an African gold mine, opting instead to subscribe for a 9.2% equity stake in Allied Gold.

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