12:35:14 EDT Fri 07 Aug 2026
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Allied Gold Corp (2)
Symbol AAUC
Shares Issued 126,547,893
Close 2026-08-06 C$ 28.95
Market Cap C$ 3,663,561,502
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Globe says Allied Gold open to a piecemeal sale

2026-08-07 07:19 ET - In the News

The Globe and Mail reports in its Friday edition that Allied Gold chief executive officer Peter Marrone is considering a piecemeal sale of the company after its $5.5-billion deal with China's Zijin Gold International collapsed last week. The Globe's Niall McGee writes that on July 29, Allied called off its plans to be acquired by Zijin as Beijing's takeover regulator dragged its feet on approving the transaction. Mr. Marrone said Thursday he is open to a new deal that could see the company sold to more than one buyer, and even drew comparisons to his earlier experience in selling Yamana Gold. Mr. Marrone said: "My objective is to deliver value. If delivering value is similar to Yamana, where there was a split of a company, one piece going to one company, one going to another, and that delivers the maximum value to our shareholders, then I will always entertain anything that delivers that type of value." Instead of moving ahead on a full-scale acquisition of Allied, which was priced at $44 a share, Zijin agreed to acquire a 9.2-per-cent holding in Allied at $32.55 a share for a stake worth $417-million. Mr. Marrone noted Allied's attractiveness has increased significantly since the failed takeover deal with Zijin.

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