On August 10, 2026, Allied Gold Corporation completed its strategic investment by Zijin Gold International Company Limited by way of a non-brokered private placement of 12,800,000 common shares of the company at a price of $32.55 per share for aggregate gross proceeds of $416 million.
The net proceeds of the strategic investment are expected to be used by Allied Gold for the continued advancement of its growth initiatives, including operational optimizations, the completion and ramp-up of Kurmuk, the phased expansion of Sadiola, production increases at the CDI Complex, and exploration efforts across the company’s portfolio.
Cassels acted for Allied Gold Corporation.