Allied Gold Corporation has entered into a definitive agreement under which Hong Kong–listed Zijin Gold International will acquire all issued and outstanding Allied Gold shares for C$44 per share in cash, implying an equity value of approximately C$5.5 billion and a premium of about 27% over Allied Gold’s 30-day VWAP on the TSX as of January 23, 2026. The all-cash transaction, to be completed by plan of arrangement under the Business Corporations Act (Ontario), has no financing conditions and will be funded from Zijin Gold’s existing cash and liquidity. The arrangement includes a C$220 million termination fee payable by Allied Gold in certain circumstances, and voting support agreements from directors and officers holding about 15.4% of the shares. Completion, targeted for late April 2026, is subject to customary court, shareholder (66% of votes cast, plus a majority of minority), Investment Canada Act, competition and other regulatory approvals, after which Allied Gold’s TSX and NYSE listings will be withdrawn.

Advisers to Allied Gold are Moelis & Company LLC (financial), Scotiabank (financial adviser to the special committee), Cassels Brock & Blackwell LLP (Canadian legal) and Paul, Weiss, Rifkind, Wharton & Garrison LLP (U.S. legal), while Zijin Gold is advised by RBC Capital Markets (financial) and Fasken Martineau DuMoulin LLP (Canadian legal). Zijin Gold, one of the world’s largest gold miners with a market capitalisation of about US$70 billion as of January 23, 2026, corresponds to approximately C$96 billion using contemporaneous exchange rates.