Allied Gold Sold at Top Price Amid Gold Price Rally
ByAinvest
Wednesday, Apr 1, 2026 9:53 am ET1min read
AAUC--
Allied Gold shareholders have approved a buyout by Zijin Gold, a subsidiary of Chinese mining group Zijin Mining. The acquisition, valued at $6,900 per ounce of expected 2027 production, is seen as a sound opportunistic move by Allied given the current seller's market. The deal is also notable as it represents a shift in investment trends, with non-Western capital leading in Africa.
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