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2 clusters · 7 sources · 5 days · First seen · Last updated

OceanaGold acquisition of Ausgold

Overview

OceanaGold Corporation has entered into an agreement to acquire Ausgold Limited for approximately A$776 million (US$549 million). The transaction, which is subject to shareholder and regulatory approval, is expected to close in December 2026.

Through the proposed scheme of arrangement, Ausgold shareholders will primarily receive OceanaGold shares, with a limited cash option capped at approximately A$194 million (US$137 million). Following the deal, Ausgold shareholders are expected to hold between 6% and 8% of OceanaGold.

The acquisition provides OceanaGold with full ownership of the Katanning Gold Project in Western Australia. This open-pit development is projected to produce over 100,000 ounces of gold annually with an initial mine life of roughly 10 years. OceanaGold aims to begin production at the site by 2029.

Entities

Ausgold Limited · Katanning Gold Project · Emperor Metals · Duquesne West gold project · Dundee Corporation

Timeline

  1. 18 days ago

    [BUSINESS] 4 sources
    OceanaGold to acquire Ausgold for US$549 million

    OceanaGold Corporation will acquire Ausgold Limited for approximately US$549 million, gaining ownership of Western Australia’s Katanning Gold Project.

  2. 22 days ago

    [BUSINESS] 4 sources
    OceanaGold to acquire Ausgold for A$776 million

    OceanaGold has agreed to acquire Ausgold Limited for approximately A$776 million, adding Western Australia’s Katanning Gold Project to its portfolio with production targeted for 2029.

Sources

ad-hoc-news.de · eurasiabusinessnews.com · industriaminera.cl · mining.com.au · mommygearest.com · pressreach.com · stockhead.com.au