Zhong Guo Zheng Quan Bao·2026-01-26 23:20Core Viewpoint - Zijin Mining announced the acquisition of Allied Gold Corporation for approximately 5.5 billion CAD (around 28 billion RMB) at a price of 44 CAD per share, aiming to enhance its gold mining business and strengthen its position in the global gold industry [1][6][8]. Group 1: Acquisition Details - The acquisition involves Zijin Gold International, a subsidiary of Zijin Mining, which holds 85% of its shares [1][8]. - Allied Gold's key assets include the Sadiola gold mine in Mali, the Côte d'Ivoire gold complex (including Bonikro and Agbaou mines), and the Kurmuk gold mine in Ethiopia, expected to commence production in the second half of 2026 [2][9]. - As of the end of 2024, Allied Gold has gold resources of 533 tons with an average grade of 1.48 grams per ton [3][9]. Group 2: Production and Financial Projections - Allied Gold is projected to produce 10.7 tons and 11.1 tons of gold in 2023 and 2024, respectively, with expectations to increase production to between 11.7 tons and 12.4 tons in 2025, and potentially up to 25 tons by 2029 due to expansions [3][9]. - Zijin Mining forecasts a net profit of 51 to 52 billion RMB for 2025, representing a year-on-year growth of 59% to 62%, with gold production expected to reach approximately 90 tons [4][11]. - The company plans to produce 105 tons of gold in 2026, alongside increases in copper and lithium production [4][11].