AngloGold Ashanti Expands Nevada Presence Through Augusta Gold Deal

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On Wednesday, AngloGold Ashanti plc (NYSE:AU) announced that it has entered into a definitive agreement to acquire Augusta Gold Corp. (OTC:AUGG) in an all-cash transaction with a total enterprise value of approximately 197 million Canadian dollars.

The offer includes a purchase price of $1.70 Canadian dollars per share, implying an equity value of roughly 152 million Canadian dollars (approximately $111 million) and the repayment of shareholder loans totaling about 45 million Canadian dollars.