3 6 Ke·2026-01-28 12:10Core Viewpoint - The era of "resource supremacy" has arrived, with gold prices soaring, making gold the best pricing anchor for assets. The acquisition of Allied Gold Corporation by Zijin Mining for approximately 28 billion yuan is seen as a strategic move to capitalize on the rising gold prices [1][2]. Group 1: Acquisition Details - Zijin Mining announced that its subsidiary, Zijin Gold International, will acquire 100% of Allied Gold Corporation for about 28 billion yuan, with a purchase price of 44 CAD per share [1]. - The acquisition is considered highly advantageous given the current gold price, which has reached 5,270 USD per ounce, with projections for further increases [1][2]. - Allied Gold is expected to produce an average of over 11 tons of gold annually from 2023 to 2025, translating to an annual gold value of approximately 2 billion USD, or 138 billion yuan [1]. Group 2: Market Context - The surge in gold prices is attributed to an escalating international "resource competition," with central banks increasing gold reserves, leading to predictions of gold prices reaching 5,400 to 6,000 USD per ounce by the end of the year [2]. - The current geopolitical climate has heightened the demand for gold as a safe-haven asset, making gold mining not only a wealth-generating venture but also a strategic necessity for nations and individuals alike [2]. Group 3: Financial Performance and Projections - Allied Gold is projected to achieve gold production of 10.7 tons in 2023 and 11.1 tons in 2024, with expectations to increase to 25 tons by 2029 [10]. - Zijin Mining's gold production is expected to reach approximately 46.5 tons in 2025, with a target of 57 tons in 2026, indicating a significant contribution from Allied Gold's production [10]. - In the first three quarters of 2025, Allied Gold is anticipated to report revenues of 904 million USD and a net profit of 17 million USD, reflecting a substantial improvement over previous years [11]. Group 4: Broader Industry Impact - Zijin Mining's aggressive acquisition strategy has resulted in a total investment of 44.6 billion yuan in African gold and copper assets, positioning it as a major player in the global gold mining sector [13]. - The company's stock has seen significant appreciation, with a rise of over 73% within a month, indicating strong market confidence in its growth prospects [13]. - The overall mining sector is experiencing a boom, with other companies like Luoyang Molybdenum also making significant acquisitions to capitalize on rising gold prices [19].