Core Viewpoint - Zijin Mining has announced a significant acquisition plan to purchase Allied Gold Corporation for CAD 5.5 billion (approximately RMB 28 billion), aiming to enhance its gold resource portfolio and strengthen its position in the global mining industry [1][5]. Group 1: Acquisition Details - Zijin Mining's subsidiary, Zijin Gold International, will acquire all issued common shares of Allied Gold at a cash price of CAD 44 per share, representing a premium of approximately 5.39% over the closing price on January 23, 2026, and an 18.95% premium over the weighted average price for the previous 20 trading days [5][6]. - Allied Gold, headquartered in Canada, has gold resources totaling 533 tons, with production expected to increase to 25 tons by 2029 due to ongoing and upcoming large-scale open-pit mining projects [2][6]. Group 2: Financial Performance - Zijin Mining anticipates a record net profit of approximately RMB 51 billion to RMB 52 billion for the fiscal year 2025, marking an increase of about RMB 18.9 billion to RMB 19.9 billion year-on-year, representing a growth rate of 59% to 62% [3][8]. - The company expects to produce around 90 tons of gold in 2025, an increase of 17 tons compared to 2024, alongside increases in copper and silver production [9][10]. Group 3: Market Position and Strategy - The acquisition is expected to enhance Zijin Mining's resource synergy in Africa, with key projects located near existing operations, thereby optimizing global resource allocation [7]. - Following the acquisition, Zijin Gold International's asset layout will expand to 12 large gold mines across 12 countries, further solidifying its influence in the global gold industry [7].