On July 31, ZIJIN MINING rose 3.44% in regular trading, trading at HK$33.6/share, with turnover of HK$524 million.

The move was driven by the company's July 29 announcement that its subsidiary Zijin Gold International has terminated the planned full acquisition of Allied Gold Corporation at CA$44/share, totaling approximately CA$5.5 billion. Instead, the company will subscribe for newly issued Allied Gold shares through a private placement at CA$32.55/share, investing approximately CA$416.6 million (around US$295 million) to acquire a roughly 9.2% stake. Both parties confirmed no termination fee is payable.

The original deal was unlikely to close by the July 29 deadline. Market participants view the termination positively, as it reduces integration risk and preserves financial flexibility while maintaining exposure to quality gold mining assets through a minority position. The share subscription remains subject to approvals from the Toronto Stock Exchange and the New York Stock Exchange.

(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.)