Chinese mining major Zijin Mining has agreed to acquire Canada-based Allied Gold in an all-cash transaction valued at $4 billion, marking one of the largest cross-border gold sector deals in recent years.
The acquisition is aimed at strengthening Zijin’s global gold portfolio and expanding its footprint in key mining jurisdictions outside China. Allied Gold owns and operates gold assets across multiple regions, with a pipeline of development projects that are expected to enhance long-term production growth.
According to industry sources, the deal reflects Zijin’s strategy of securing high-quality gold resources amid sustained global demand for the precious metal and ongoing market volatility. The transaction is expected to provide Zijin with immediate production scale while adding geographically diversified assets to its balance sheet.
For Allied Gold, the acquisition offers shareholders a full cash exit at a premium valuation, while ensuring continued development of its projects under the ownership of a major global mining group. The deal is subject to customary regulatory approvals in Canada and other relevant jurisdictions.
Analysts note that the transaction underscores renewed consolidation in the global gold mining industry, as large producers seek scale, resource security, and operational synergies to offset rising costs and declining ore grades.