A takeover premium, African assets and soaring gold prices highlight how miners are chasing scale as consolidation accelerates.
it will acquire Canada’s Allied Gold in an all-cash transaction valued at about C$5.5 billion as the Chinese miner ramps up its global expansion and bullion prices fuel global mining consolidation. China’s largest gold miner will pay C$44 per share, a 5.
4% premium to Allied’s last close and about 27% above its 30-day average price as of Jan. 23. US-listed Allied shares rose nearly 4% in premarket trading. The agreement includes a C$220 million termination fee payable by Allied under certain conditions, subject to shareholder approval and clearance under the Investment Canada Act.the sale follows a strategic review launched in 2024 that examined alternative combinations and joint ventures, and reflects the value of the company’s African portfolio. The acquisition will add three producing mines to Zijin’s portfolio that were expected to generate up to 400,000 ounces of gold last year, with the Sadiola mine in Mali accounting for roughly half of that output. Allied’s assets also include operations in Ivory Coast and the Kurmuk project in Ethiopia.amid a sustained rally in gold prices. Parent company Zijin Mining already has several projects in Africa, including copper and lithium assets in the Democratic Republic of Congo and a gold mine in Ghana. Higher gold prices have lifted miner margins and cash flow, pushing large producers to favour acquisitions over new mine development to secure long-life assets.Trump administration to acquire 10% of USA Rare Earth in $1.6B deal: reports Reuters said the US government plans to make a separate $1 billion private investment, and both deals will be unveiled on Monday.With a nearly 90% gain since the start of 2025, MSCI’s Metals and Mining Index has beaten semiconductors, global banks and the Magnificent Seven.Reuters said the US government plans to make a separate $1 billion private investment, and both deals will be unveiled on Monday.CHARTS: New study shows global mining is now a brownfield industry The rise of brownfield mining and the fall in grassroots exploration is reshaping global mineral supply with the early 2020s marked as turning point.
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