紫金矿业：研究策略观点

Research Tactical Idea We believe the share price will rise in absolute terms over the next 45 days. This is because of an announced acquisition. Zijin Gold (of which Zijin Mining owns 85%) has announced plans to acquire Allied Gold for C$5.5bn (a 5.39% premium over Allied Gold's last closing price) (see note). AG's plans to produce 11.7-12.4 tons in 2025 and 25 tons by 2029. If the deal is approved, this would bring Zijin Gold's total gold production by 2030 to 95-100 tons pa, with a 2025-30 gold productio ...