M&A Deal Summary

AngloGold Ashanti Acquires Augusta Gold

On July 16, 2025, AngloGold Ashanti acquired metals/mining company Augusta Gold for 197M CAD

Acquisition Highlights
  • This is AngloGold Ashanti’s 4th transaction in the Metals/Mining sector.
  • This is AngloGold Ashanti’s 0th largest (disclosed) transaction.
  • This is AngloGold Ashanti’s 2nd transaction in Canada.
  • This is AngloGold Ashanti’s 2nd transaction in British Columbia.

M&A Deal Summary

Date 2025-07-16
Target Augusta Gold
Sector Metals/Mining
Buyer(s) AngloGold Ashanti
Deal Type Add-on Acquisition
Deal Value 197M CAD
Advisor(s) National Bank Financial (Financial)
Dorsey & Whitney
Cassels (Legal)

Target

Augusta Gold

Vancouver, British Columbia, Canada
Augusta Gold is an exploration and development company focused on the Bullfrog Gold projects located in the prolific Bullfrog mining district. Augusta Gold is based in Vancouver, British Columbia.

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Buyer(S) 1

Buyer

AngloGold Ashanti

Johannesburg, South Africa

Category Company
Founded 1944
Sector Metals/Mining
Employees12,634
Revenue 5.8B USD (2024)
DESCRIPTION

AngloGold Ashanti is a gold mining company.Company engages in production of silver, uranium oxide, and sulphuric acid as by-products. AngloGold Ashanti was founded in 1944 and is based in Johannesburg, South Africa.


DEAL STATS #
Overall 4 of 4
Sector: Metals/Mining M&A 4 of 4
Type: Add-on Acquisition M&A Deals 4 of 4
State: British Columbia M&A 2 of 2
Country: Canada M&A 2 of 2
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-06 Corvus

Vancouver, British Columbia, Canada

Corvus Gold is a North American gold exploration and development company, focused on its near term gold-silver mining project at the North Bullfrog and Mother Lode Districts in Nevada. Corvus is committed to building shareholder value through new discoveries and the expansion of its projects to maximize share price leverage in an advancing gold and silver market. Corvus was founded in 2010 and is based in Vancouver, British Columbia.

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