Aura Minerals completes Mineração Serra Grande gold mine acquisition

Aura Minerals has completed the acquisition of the Mineração Serra Grande (MSG) gold mine in Crixás, Goiás, Brazil, from AngloGold Ashanti. The transaction was finalised through Aura’s wholly owned subsidiary. Aura paid AngloGold Ashanti an upfront cash consideration of $72.8m at closing, based on an agreed enterprise value of $76m, adjusted for customary items as outlined in the share purchase agreement. In addition, Aura will make deferred consideration payments equivalent to a 3% net smelter returns ...