OceanaGold to acquire Ausgold for A$776 million

OceanaGold Corporation has signed a binding Scheme Implementation Deed to acquire 100% of Ausgold Limited in a transaction valued at approximately A$776 million. The deal includes the transfer of the Katanning Gold Project in Western Australia to OceanaGold.

Under the terms of the agreement, Ausgold shareholders will receive 0.03365 ordinary shares of OceanaGold for each Ausgold share held. Alternatively, shareholders may opt for a cash settlement, though the total cash pool is capped at A$194 million. The offer represents a premium of approximately 27.7% over Ausgold’s recent share price.

Ausgold’s Board of Directors has unanimously recommended the merger to shareholders. Major institutional investors, including Dundee Corporation, which holds a 7.7% stake, have indicated support for the transaction. To ensure operational continuity during the transition, OceanaGold has committed to providing Ausgold with a A$20 million bridging loan in November 2026.