Shareholders Approve Zijin Gold Acquisition; Company Reports Record 2025 Production & Strong Growth
AAUC has more than doubled off its 52-week low of $8.67 on light trading volume (0.3× avg).
Summary
Allied Gold Corp shareholders overwhelmingly approved the C$5.5 billion acquisition by Zijin Gold International, as the company reported record 2025 gold production and significant financial growth, with key development projects advancing.
Key Events · M&A and Partnerships · AAUC
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Shareholder Approval of Acquisition
Allied Gold shareholders overwhelmingly approved the C$5.5 billion acquisition by Zijin Gold International Company Limited on March 31, 2026, with the transaction expected to close by the end of April, subject to regulatory and final court approvals.
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Record 2025 Production & Financial Growth
The company reported record fourth-quarter 2025 gold production of 117,004 ounces, contributing to a full-year total of 379,081 ounces. Revenue for 2025 increased to $1.33 billion, and Adjusted EBITDA rose significantly to $523.8 million, demonstrating strong cash flow generation.
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Kurmuk Project on Track for Mid-2026 First Gold
The Kurmuk gold development project is progressing well, with procurement and logistics substantially complete, and first gold expected in mid-2026. The project's average processing capacity target has been increased to 6.4 Mt/y.
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Sadiola Expansion & Energy Program Advancing
Phase 1 of the Sadiola expansion was completed in late 2025, enabling fresh ore processing. A progressive Phase 2 strategy to reach 9 Mt/y throughput is advancing, supported by a new energy program expected to reduce energy costs by up to 45%.
Analysis · AAUC · Unknown
This 40-F filing confirms the overwhelming shareholder approval of the C$5.5 billion acquisition by Zijin Gold International, a thesis-altering event for Allied Gold Corp. The report also details the company's strong financial and operational performance for 2025, including record fourth-quarter gold production and significant increases in revenue and Adjusted EBITDA. This robust performance, coupled with the advancement of key development projects like Kurmuk and the Sadiola expansion, validates the acquisition's valuation and provides a positive outlook for the company's assets under new ownership. While the filing discloses a material weakness in internal controls over financial reporting, a remediation plan is in place, and this is largely overshadowed by the imminent acquisition.
At the time of this filing, AAUC was trading at $31.00 on NYSE in the Unknown sector, with a market capitalization of approximately $3.9B. The 52-week trading range was $8.67 to $32.08. This filing was assessed with positive market sentiment and an importance score of 10 out of 10.