You are here
Zijin's $5.5-billion acquisition of Allied Gold in jeopardy as China stalls approval
By Niall McGee
The Globe and Mail, Toronto
Tuesday, July 28, 2026
Zijin Gold International Co.'s $5.5-billion planned acquisition of Allied Gold Corp. is in jeopardy, with China dragging its feet on approving the transaction, Allied chief executive Peter Marrone told The Globe and Mail.
In January, Zijin Gold offered $44 a share in cash for Toronto-based Allied, which at the time represented an all-time high for the stock.
... Dispatch continues below ...
... ADVERTISEMENT ...
Buy, Sell, or Store Precious Metals with Money Metals Exchange
Money Metals Exchange, a national bullion dealer recently named "Best Overall" by Investopedia.com --
https://www.moneymetals.com/
-- is a great low-cost source for precious metals coins, rounds, and bars. Money Metals also pays handsomely when you wish to sell your precious metals.
Shop online with Money Metals Exchange here --
https://www.moneymetals.com/buy
-- or by calling 1-800-800-1865.
Meanwhile, Money Metals Depository will store your precious metals in a segregated account at low cost:
https://www.moneymetals.com/depository
The deal promptly won approval from Canada and other international jurisdictions, but it has yet to get the nod from authorities in China. Other matters crucial for closing the deal, including security and streaming arrangements, capital investments, and lending agreements, have also been tricky to nail down, Mr. Marrone said in an interview this afternoon.
"We need the concurrence of lenders, and in jurisdictions such as Canada, where you've got a very understandable process relating to registration of security, that's comparatively easy," he said. "But in some jurisdictions that don't have that experience, don't have those laws, it requires considerably more effort."
Previously, the company had hoped to close the transaction by July 29, but it's now clear that timeline will not be met.
"It seems as if it will take a considerably longer period to get to a point where the deal could close," Mr. Marrone said. ...
... For the remainder of the report:
* * *
Join GATA here:
New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Wednesday-Saturday, October 28-31, 2026
https://neworleansconference.com/gata/
* * *
Support GATA by purchasing
Stuart Englert's "Rigged"
"Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon:
* * *
Help keep GATA going:
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
To contribute to GATA, please visit:
Donations of $500 or more will entitle the donor to a 1-ounce silver round commemorating GATA's work:
https://www.gata.org/sites/default/files/GATA-silver-round-front.png
