AngloGold Ashanti to Acquire Augusta Gold in US$111 Million Nevada Consolidation

AngloGold Ashanti Plc has agreed to acquire all outstanding shares of Canada’s Augusta Gold Corp. for C$1.70 per share in cash, valuing the transaction at approximately C$152 million (US$111 million).

The deal, announced July 16, 2025, represents a 28% premium to Augusta Gold’s closing price on the Toronto Stock Exchange the prior trading day.

The acquisition grants AngloGold Ashanti control of Augusta’s Reward and Bullfrog projects in Nevada’s Beatty District, adjacent to its existing claims. According to the company, this consolidation will enable integrated development of the region through shared infrastructure and streamlined stakeholder engagement.

Augusta Gold’s board unanimously approved the transaction, with shareholders representing approximately 31.5% of outstanding shares committing voting support. Closing is anticipated in Q4 2025, pending shareholder approval and regulatory clearances. Post-acquisition, Augusta Gold will become a wholly-owned subsidiary of AngloGold Ashanti and delist from public exchanges.

AngloGold Ashanti, listed on the Ghana Stock Exchange (GSE) under ticker AGA, highlighted the strategic importance of securing assets in a “prolific North American gold district.” The company engaged RBC Capital Markets as financial adviser, with legal counsel from Womble Bond Dickinson and Cravath Swaine & Moore.