On October 23, 2025, AngloGold Ashanti plc announced the successful completion of its merger with Augusta Gold Corp., a Canadian exploration company focused on the Reward and Bullfrog gold projects in Nevada. The transaction was structured as a cash‑only deal, with Augusta Gold shareholders receiving C$1.70 in cash for each share of common stock, and the company will become a wholly‑owned subsidiary of AngloGold Ashanti.
The acquisition adds the Reward and Bullfrog projects—located approximately 120 miles northwest of Las Vegas—to AngloGold Ashanti’s portfolio, expanding its presence in the prolific Bullfrog mining district. The move is intended to enhance the miner’s long‑term production profile and to leverage the low‑cost, high‑grade resources identified in the Nevada district.
The merger was approved by Augusta Gold shareholders at a special meeting on October 20, 2025, and the closing of the transaction on October 23, 2025, was followed by plans for Augusta Gold to delist from the Toronto Stock Exchange and to cease reporting under Canadian securities regulations. The company will also file a Form 15 with the U.S. Securities and Exchange Commission to terminate its U.S. registration and suspend reporting obligations.
For AngloGold Ashanti, the deal represents a strategic expansion into a high‑potential gold district, reinforcing its focus on cost‑competitive, high‑grade assets and potentially boosting future production and cash‑flow generation. The completion of the acquisition on the stated date marks a significant milestone in the company’s ongoing transformation strategy.
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