China’s Zijin Gold Jumps 19% After $4 Billion Africa Mine Deal

Zijin Gold International Co., a unit of China’s largest precious metals miner, surged after the company agreed to buy Allied Gold Corp. for $4 billion to boost its access to...

By Martin Ritchie, Winnie Zhu · Bloomberg

Zijin Gold International Co., a unit of China’s largest precious metals miner, surged after the company agreed to buy Allied Gold Corp. for $4 billion to boost its access to reserves of the metal as prices climbed to record highs.