On January 26, 2026, Zijin Gold International and Allied Gold Corporation entered into a definitive agreement pursuant to which Zijin Gold agreed to acquire Allied Gold for approximately C$5.5 billion in all-cash transaction. The transaction will be completed pursuant to a Plan of Arrangement under the Business Corporations Act (Ontario).
The completion of the transaction is subject to a number of terms and conditions, including: (i) approval of the Allied Gold shareholders; (ii) customary court approval in Canada; (iii) approval under the Investment Canada Act (Canada); (iv) there being no material adverse changes with respect to Allied Gold; and (v) other standard conditions for the closing for transactions of this nature including receipt of required third party consents and applicable competition and regulatory approvals in various jurisdictions globally including the People’s Republic of China.
Zijin Gold is one of the world’s largest gold mining companies, with operating gold mines across nine countries. Zijin Gold is a public company listed on the Hong Kong Stock Exchange, and as of January 23, 2026, had a market capitalization of approximately US$70 billion.
Fasken is acting for Zijin Gold in connection with the transaction, with a team comprised of Brad Freelan, John Turner, Zach Austin, Johanna Fipke, Sarah Martin, Dyna Zekaoui, Evan Conover, Regan Brodziak, Cara Arsenault, Huy Do, Musa Mansuar, Lesley Morphet and Leana Engelbrecht.
Jurisdictions
- Canada
- China
