07:53 AM EDT, 07/16/2025 (MT Newswires) -- AngloGold Ashanti on Wednesday said that it agreed to acquire Augusta Gold ( AUGG ) for $152 million, or $1.70 per share.

AngloGold, which is paying a 28% permium to Augusta Gold's ( AUGG ) closing price on Tuesday and a 37% premium to the 20-day volume-weighted average share price, said the deal allows it to further consolidate its presence in the Beatty district in Nevada by acquiring Augusta's Reward and Bullfrog projects.

"We believe that securing these properties will not only solidify our leading position in the most important new gold district in the U.S., but will also improve our ability to develop the region under an integrated plan - with more flexibility, greater access, better infrastructure sharing, and cohesive engagement with all stakeholders," said Alberto Calderon, CEO of AngloGold Ashanti.

The transaction is expected to close in the fourth quarter.