$AAUC.TO

5 stories mentioning AAUC.TOUpdated 25d ago

Every FINWIRES story that references AAUC.TO, newest first.

Allied Gold C$5.5-Billion Sale to Zijin Gold Wins Canadian Approval; Closing Deadline Extended to July

Allied Gold (AAUC.TO) said Friday that Zijin Gold received approval under the Investment Canada Act for its C$5.5-billion acquisition of the company, completing the Canadian regulatory review process for the deal.Zinjin, which offering C$44.00 per share per Allied share, has also received merger approvals from regional regulators in West, Eastern and Southern Africa, while other required approvals in African host countries are either completed or in advanced stages, the company added.The companies are also working on amendments to a related credit facility to help finalize the transaction. The deal still requires remaining regulatory approvals and other closing conditions, and the deadline to complete the transaction has been extended to July 29.Allied shares closed closed down C$2.41 to C$34.90 on the Toronto Stock Exchange.Price: $35.74, Change: $-1.57, Percent Change: -4.21%

$AAUC.TO

Mining & Metals25d ago

Allied Gold Extends the Outside Date to July 29, 2026

$AAUC.TO

Mining & Metals25d ago

Allied Gold Says Advanced Receipt of Regulatory Approvals and Clearances in Connection with Proposed Arrangement with Zijin Gold International

$AAUC.TO

Mining & Metals40d ago

Allied Gold Reports Higher Revenue and Adjusted Profit for the First Quarter

Allied Gold (AAUC.TO, AAUC) after trade Thursday said its first-quarter adjusted profit and revenue rose year-over-year.Adjusted profit, which excludes most one-time items, rose to US$48.6 million, or US$0.39 per share, in the quarter, up from US$45.1 million, or US$0.41, a year ago. FactSet expected earnings per share of US$0.32.Revenue rose to US$394.1 million from US$346.4 million in the year-ago quarter. FactSet projected US$458 million.For the quarter, the company produced 96,016 ounces of gold, in line with its operating plan and annual guidance, and up 14% from the same period last year. Gold sales totaled 99,878 ounces, "slightly higher than production due to the timing of shipments of production and the sale of end-of-year inventory," the company said.Production reached 44,104 ounces at the Sadiola mine, Bonikro produced 29,011 ounces, and Agbaou produced 22,901 ounces in the first quarter, the company added.The company's shares closed down C$0.13 to C$40.20 on the Toronto Stock Exchange.

$AAUC$AAUC.TO

Mining & Metals56d ago

Allied Gold Confirms Normal Course Conduct of Business at Operating Mines in Mali, Cote d'Ivoire and Development Project in Ethiopia

Allied Gold (AAUC.TO) confirmed the normal course conduct of business at its operating mines in Mali and Cote d'Ivoire and its development project in Ethiopia including operations at the Sadiola Gold Mine, located in the Kayes Region in western Mali, it said Tuesday.The company's mines continue to operate normally, it said, with production and other site activities proceeding "in line" with expectations. Development of Kurmuk in Ethiopia continues as planned with commencement of production expected in the third quarter this year.Allied Gold and Zijin Gold, it added, are in continuous dialogue planning for an orderly transition on completion of its previously announced transaction. The arrangement agreement provides for an outside date for closing of May 29, subject to extension in certain circumstances."In light of recent events in Mali involving the conflicts between government and insurgent groups, the Company also wishes to report that while its business operations in Mali continue in the normal course, with such activities occurring at far distances from the Company's operations, the Company continues to monitor the situation and take precautions to ensure the safety and wellbeing of persons employed by the Company in the country," said Allied Gold in a statement.Shares of the company were last seen down 0.6% at $41.40 on the Toronto Stock Exchange.Price: $41.34, Change: $-0.31, Percent Change: -0.74%

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