Zijin Mining Group

The proposed takeover of Allied Gold by Zijin Gold International was terminated after closing conditions could not be met by July 29, 2026, and the parties declined to extend the deadline. Instead, Zijin has committed to a strategic private placement of roughly $295 million (about C$417 million) by subscribing for approximately 12.8 million common shares at C$32.55 per share, which will represent about 9.2% of issued shares on closing. The transaction is subject to TSX and NYSE approvals and is expected to close around August 10, 2026; the subscribed shares will be subject to a four-month holding period, and comparable lock-ups will apply to Allied Gold management. Net proceeds are intended to fund operational optimizations, the completion and ramp-up of Kurmuk, the expansion of Sadiola, production increases at the CDI complex, and exploration activities. » More on de.investing.com

Zijin Mining climbed more than four percent in domestic trading and is back above the 50-day line. Citi views the announced withdrawal of Chairman Chen Jinghe as not relevant to the business and keeps Zijin as a top pick, saying competitiveness and the growth trajectory are structurally entrenched. Analysts still regard the copper and lithium projects as undervalued and see potential up to this year’s high of HK$36.92 if momentum persists. » More on deraktionaer.de

Zijin Mining Group will publish its balance sheet for the quarter ending 30.09.2025 on 18.10.2025. Three analysts on average expect earnings per share (EPS) of 0.439 CNY, an increase of 25.43% versus the same quarter last year. One analyst forecasts revenue of 92.06 billion CNY, about 15.1% higher than the year-ago quarter. For the fiscal year, 23 analysts on average predict an EPS of 1.73 CNY and 22 analysts forecast revenue of 371.38 billion CNY. » More on finanzen.net

The spun-off gold unit Zijin Gold rose about 68.5% to HKD 120 on its first day of trading in Hong Kong, after gaining roughly 50% at the open. The IPO had been briefly delayed by Typhoon Ragasa, reached an implied valuation of about USD 38.6 billion and was 191.4 times oversubscribed. The listing also strengthened parent company Zijin Mining, whose share price rose around 12% over the week. » More on deraktionaer.de

Zijin Gold International's stock climbed 65% to HK$118.00 on its trading debut in Hong Kong after an issue price of HK$71.59. By selling 349 million shares the company raised HK$24.98 billion (US$3.21 billion), making it the second-largest IPO in Hong Kong this year. Market capitalization now stands at HK$309.16 billion (US$39.72 billion), supported by high gold prices and central bank purchases. » More on de.investing.com