On July 30, ZIJIN GOLD INTL rose 5.52% in regular trading, trading at 122.9 HKD/share, with turnover of HKD 81.56 million. The stock surged following the company's announcement of a strategic pivot in its Allied Gold deal.

On July 29, ZIJIN GOLD INTL formally terminated its previously announced all-cash acquisition of Allied Gold Corporation at CA$44 per share, which valued the total consideration at approximately CA$5.5 billion. Neither party will pay a termination fee. Instead, the company agreed to subscribe for 12.8 million newly issued Allied Gold shares through a private placement at CA$32.55 per share, for a total investment of approximately $295 million, giving it a roughly 9.2% stake in the Canadian gold miner.

The market views this shift favorably, as the strategic stake effectively avoids the significant capital burden and closing uncertainties associated with the full buyout while still securing exposure to quality gold assets. The transaction remains subject to approvals from the Toronto Stock Exchange and the New York Stock Exchange. Within the Gold sector, ZIJIN MINING up 0.98%, CHIFENG GOLD up 3.64%, LINGBAO GOLD up 3.38%, CHINAGOLDINTL up 2.84%, SD GOLD up 2.31%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)