08:46 AM EDT, 06/02/2025 (MT Newswires) -- Anglogold Ashanti ( AU ) said Monday it agreed to sell its stake in Mineracao Serra Grande gold mine in Goias, Brazil, to Aura Minerals for $76 million and deferred consideration payments.

The deferred consideration payments will be equivalent to 3% net smelter return participation over the current mineral resource of the asset, paid quarterly in cash, Anglogold said.

The sale excludes certain subsidiaries of Mineracao Serra Grande that hold assets not forming part of the mining operations. The subsidiaries will remain with Anglogold group and will be transferred through a spin-off prior to closing, according to the statement.

The sale is expected to close in Q3, the company said.

Shares were over 4% higher in recent premarket activity.