Allied Gold Corporation announced that Zijin Gold International has received Investment Canada Act approval for its proposed acquisition of Allied Gold. The transaction has also received merger clearance from ECOWAS and COMESA regional competition authorities, with certain African host country approvals either obtained or in advanced stages. The Outside Date for transaction completion has been extended to July 29, 2026, and the parties continue working toward closing subject to remaining regulatory approvals.

Allied Gold announced that Zijin Gold has received Investment Canada Act approval for its proposed acquisition of Allied Gold. The transaction has also received merger clearance from ECOWAS and COMESA regional authorities, with certain African host country approvals obtained or in advanced stages. The Outside Date for transaction completion has been extended to July 29, 2026, as parties continue working toward obtaining outstanding regulatory approvals and fulfilling remaining closing conditions.

PSquared Asset Management AG acquired 740,000 shares of Allied Gold (AAUC) worth approximately $22.36 million in Q1 2026, representing a 7.97% stake in the fund. The investment comes as Allied Gold stock has surged 150% over the past year, outperforming the S&P 500 by 125 percentage points. The company is ramping production, advancing expansion projects, and moving toward acquisition by Zijin Gold, though risks remain around execution in African jurisdictions.

CIBRA Capital Ltd acquired 423,652 shares of Allied Gold Corporation (AAUC) valued at $13.1 million, representing 6.3% of the fund's AUM. The purchase appears to be an arbitrage trade capitalizing on the discount between Allied Gold's trading price and Zijin Gold International's acquisition offer, rather than a long-term investment bet.

Two leading independent proxy advisory firms, ISS and Glass Lewis, have recommended that Allied Gold Corporation shareholders vote in favor of the proposed arrangement with Zijin Gold International, which would acquire all outstanding Allied Gold shares at C$44 per share in cash. The special shareholder meeting is scheduled for March 31, 2026.

Allied Gold Corporation announced that it has filed proxy materials for a special shareholder meeting scheduled for March 31, 2026, to vote on its proposed acquisition by Zijin Gold International for C$44.00 per share in an all-cash transaction valued at approximately C$5.5 billion. The Board unanimously recommends shareholder approval, citing a 27% premium to the pre-announcement share price and deal certainty with a credible global mining company. The arrangement is expected to close by late April 2026, subject to shareholder and regulatory approvals.

Global gold demand reached record levels in 2025, with U.S. demand doubling to 679 tonnes and ETF inflows hitting 437 tonnes. Central banks are expected to continue increasing holdings in 2026, with Goldman Sachs forecasting gold prices at $5,400 per ounce. However, supply constraints persist as mining costs rise due to inflationary pressures.

Zijin Gold International has agreed to acquire Allied Gold Corporation for C$44 per share in an all-cash transaction valued at approximately C$5.5 billion. The offer represents a 27% premium over Allied Gold's 30-day volume-weighted average price and is expected to close by late April 2026, subject to shareholder and regulatory approvals.

Allied Gold has commenced operations of the Phase 1 expansion at its Sadiola mine in Mali, increasing fresh ore processing capacity from 20% to 60% of feed. The company expects Q4 2025 production of approximately 60,000 ounces at Sadiola and over 113,000 ounces overall, representing a 40% and 30% increase respectively over prior quarters. Phase 1 is expected to deliver annual production of 200,000-230,000 ounces (17-30% increase from 2023), with Phase 2 expansion planned for late 2026 to further boost production by 2029.

Allied Gold filed a prospectus supplement to offer 6,400,000 common shares at $27.35 per share, with the offering expected to close around October 24, 2025. The company aims to become a mid-tier gold producer in Africa.