Allied Gold announced the termination of its acquisition agreement with Zijin Gold, citing unmet closing conditions before the outside date. Instead of the acquisition, Zijin Gold will make a strategic investment of approximately $295 million in Allied Gold through a private placement, giving it a 9.2% stake in the company. The funds will support Allied Gold’s growth projects across Africa, including Kurmuk, Sadiola, and the CDI Complex. This decision represents a notable shift in Zijin Gold’s strategy regarding its involvement with Allied Gold.
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