InvestmentAug 10, 2026, 05:02 PM
Allied Gold Closes C$416.6M Strategic Investment from Zijin Gold
AI Summary
Allied Gold Corporation announced the closing of a strategic investment from Zijin Gold International Company Limited, totaling C$416,640,000. Zijin Gold acquired 12,800,000 common shares at C$32.55 per share, resulting in an approximate 9.2% ownership stake in Allied Gold. The net proceeds are earmarked for advancing growth initiatives, including operational optimizations, the completion and ramp-up of Kurmuk, phased expansion of Sadiola, and production increases at the CDI Complex.
Key Highlights
- Allied Gold closed a strategic investment from Zijin Gold International Company Limited.
- The investment totaled C$416,640,000.
- Zijin Gold acquired 12,800,000 common shares at C$32.55 per share.
- Zijin Gold now holds approximately 9.2% of Allied Gold's outstanding common shares.
- Proceeds will fund growth initiatives, including Kurmuk completion and Sadiola expansion.
- Shares are subject to a hold period ending December 11, 2026.
Price Impact
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