Core Viewpoint - Citigroup has released a report stating that Zijin Mining's (02899) subsidiary, Zijin Gold International (02259), has signed an agreement to acquire 100% of Allied Gold for a total cash consideration of CAD 5.5 billion (approximately RMB 28 billion) [5] Group 1: Acquisition Details - The acquisition is expected to increase the company's total gold production to between 11.7 and 12.4 tons by 2025, and further to 25 tons by 2029 following the expansion of the Sadiola project and the commencement of the Kurmuk project [5] - The acquisition price is considered attractive given the current high gold prices, according to Citigroup [5] Group 2: Market Position and Projections - Citigroup maintains its preferred industry position for Zijin, setting a target price of HKD 39 and a "Buy" rating [5] - The acquisition of the producing gold mine is anticipated to enhance Zijin's gold production and profitability [5] Group 3: Regulatory Approvals - The acquisition is subject to approval from Allied Gold's shareholders, the Ontario Superior Court of Justice, and major regulatory approvals from both Canadian and Chinese authorities [5] - This acquisition further demonstrates Zijin's commitment to developing its gold asset portfolio through Zijin Gold International [5]