Allied Gold drops as sale to Zijin is terminated

Allied Gold

29/07/2026 14:44

Updates
** Shares of Allied Gold AAUC.TO fell more than ~18% to C$24.29  

        ** AAUC says its planned C$5.5 billion ($3.90 billion) sale to China's Zijin Gold 2259.HK was terminated after the companies concluded they were unlikely to satisfy closing conditions by the agreed deadline
** "The termination of the Arrangement Agreement relates to broader external factors applicable to cross-border transactions of this scale" -  AAUC
** Says Zijin agreed to invest $295 million for a 9.2% stake in AAUC
** Including session's moves, AAUC shares were down 23.3% YTD

 (Reporting by Sumit Saha and Dharna Bafna in Bengaluru)
 ((Sumit.Saha@thomsonreuters.com;))