AngloGold Ashanti plc ($AU) Secures Augusta Gold Corp. Shares for C$1.70 Each

AngloGold Ashanti plc (AU) has entered into a definitive agreement to acquire all issued and outstanding shares of Augusta Gold Corp. at a price of C$1.70 per share in cash. The price implies a fully-diluted equity value for Augusta Gold of approximately C$152 million (US$111 million) and represents a premium of about 28%.

Additionally, funds will be provided for the repayment of certain stockholder loans. The transaction is expected to close in the fourth quarter of 2025. Upon completion, Augusta Gold will become an indirect wholly-owned subsidiary of AngloGold Ashanti, and its shares will no longer be publicly listed or traded.

CEO Alberto Calderon stated, “This acquisition reinforces the value we see in one of North America’s most prolific gold districts.”