AngloGold Ashanti to Boost Presence With Augusta Gold Buyout

Key Takeaways AngloGold Ashanti plc (AU) announced that it has inked a deal with Augusta Gold Corp. to acquire all issued and outstanding shares of Augusta Gold. This move will boost AU's footprint in the Beatty District of Nevada through the acquisition of the Reward and Bullfrog properties. These adjacent properties will add mineral resources. The MSG mine produced 80 thousand ounces of gold in 2024 and 86 thousand ounces in 2023. However, the mine remains one of AngloGold Ashanti's higher-cost and lower- ...