M&A supercycle continues: Allied Gold/Zijin, G Mining/G2, Orla/Equinox, Evolution/Carnaby, Fortuna/Bambadji
Allied Gold's takeover by Zijin collapsed but Zijin took 9.2% stake. G Mining and G2 completed Guyana consolidation. Orla-Equinox merger closed. Evolution's Carnaby acquisition heads to shareholder vote. Equinox Gold valuation caution at 33x P/E after 122% run. New: Fortuna Mining buys Barrick and IAMGOLD's Senegal Bambadji project for $200M, consolidating 60km of prospective ground adjacent to Diamba Sud. This fits West African consolidation and gives Fortuna a growth path. No new M&A developments in latest articles.
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Updated Aug 13, 2026