Allied Gold The Zijin Deal Is On The Rocks

Zijin's $5.5 billion all-cash takeover of Allied Gold faces repeated closing delays, with the primary holdup now appearing to be on the Chinese buyer's side.

Falling gold prices, shifting sector valuations, and growing jurisdictional risk in Mali may have altered the deal's financial equation since it was first announced.

The central question has shifted from shareholder approval of the price to whether Chinese regulators and Zijin still want to complete the transaction at all.