Allied Gold gains on acquisition by China's Zijin Gold

U.S.-listed shares of Canadian miner Allied Gold AAUC.N AAUC.TO gain ~5% to $31.9 premarket

China's Zijin Gold 2259.HK agrees to buy AAUC in an all-cash deal for about C$5.5 billion ($4.02 billion), as the Chinese miner steps up overseas expansion amid a strong gold price environment

Under the deal, Zijin will pay C$44 per AAUC share, a premium of about 5.4% to Allied Gold's last close on Friday, according to Reuters calculations

AAUC stock was up 51.6% in 2025

($1 = 1.3684 Canadian dollars)