AngloGold Ashanti Agrees to the Sale of the Mineração Serra Grande Mine

 

AngloGold Ashanti plc ("AngloGold Ashanti", "AGA" or the "Company") has agreed to sell its interest in Mineração Serra Grande mine ("MSG") located in the state of Goiás, Brazil, to Aura Minerals Inc. ("Aura").

 

The Company will sell Mineração Serra Grande S.A. ("Sale"), which owns MSG to a Brazilian incorporated affiliate of Aura ("Purchaser") for the following consideration:

 
  • A cash consideration of $76 million on closing subject to certain working capital adjustments as at the closing date; and
  •  
  • Deferred Consideration Payments equivalent to a 3% net smelter returns participation over the current Mineral Resource of MSG inclusive of the Mineral Reserve – these Deferred Consideration Payments will be paid quarterly in cash.
  •  

The recent focus at MSG has been on stabilizing the operations including the decommissioning of the legacy tailings storage facility ("TSF Decharacterization") which is nearing completion. However, MSG remains one of AGA's higher cost and its smallest operation by production.

 

"This sale ensures we further sharpen our focus on capital allocation, operating efficiencies and the optimization of our portfolio," said AngloGold Ashanti CEO Alberto Calderon. "We've also worked hard to ensure that MSG and its excellent team joins an established company which will continue to be responsible stewards of this asset for the benefit of all stakeholders."

 

The Sale excludes certain subsidiaries of Mineração Serra Grande S.A which hold assets that do not form part of MSG's mining operations and include properties. These will remain in the AGA group and will be transferred from under Mineração Serra Grande S.A. by means of a spin-off prior to closing ("MSG Subsidiaries Transfer").

 

The Disposal is subject to the fulfilment of the following conditions:

 

i. Anti-trust approval from the Brazilian authorities (CADE);
ii. The completion of the TSF Decharacterization work;
iii. The completion of the MSG Subsidiaries Transfer; and
iv. No Material Adverse Event occurring prior to closing.

 

It is expected that all the conditions will be fulfilled, and the Sale is expected to close during Q3 2025.

 

  ABOUT MSG  

 

MSG is located in the northwest of the state of Goiás, central Brazil about 5km from the city of Crixás. The MSG operation comprises three mechanised underground mines and an open pit, with one dedicated metallurgical plant with an annual capacity of 1.5 Mt.

 

As at 31 December 2024, MSG has an exclusive Measured & Indicated Mineral Resource of 1.08 Moz at an average grade of 3.14 g/t, an exclusive Inferred Mineral Resource of 1.41 Moz at an average grade of 3.39 g/t and Proven & Probable Mineral Reserve of 0.37 Moz at an average grade of 2.72 g/t. In 2024, MSG produced 80 koz of gold (2023: 86 koz).

 

  ABOUT AURA  

 

Aura is incorporated in the British Virgin Islands and is listed on the Toronto Stock Exchange and the Brazil Stock Exchange (B3). Aura is a high growth mid-tier gold and copper producer operating five mines across the Americas: a copper-gold-silver mine in Mexico, three gold mines in Brazil, and a gold mine in Honduras. In addition, Aura holds two development projects in Brazil and recently acquired a gold development asset in Guatemala.

 

Forward-looking statements

 

Certain statements contained in this document, other than statements of historical fact, including, without limitation, those concerning the economic outlook for the gold mining industry, expectations regarding gold prices, production, total cash costs, all-in sustaining costs, all-in costs, cost savings and other operating results, return on equity, productivity improvements, growth prospects and outlook of AngloGold Ashanti's operations, individually or in the aggregate, including the achievement of project milestones, commencement and completion of commercial operations of certain of AngloGold Ashanti's exploration and production projects and the completion of acquisitions, dispositions or joint venture transactions, AngloGold Ashanti's liquidity and capital resources and capital expenditures, the consequences of the COVID-19 pandemic and the outcome and consequences of any potential or pending litigation or regulatory proceedings or environmental, health and safety issues, are forward-looking statements regarding AngloGold Ashanti's financial reports, operations, economic performance and financial condition. These forward-looking statements or forecasts are not based on historical facts, but rather reflect our current beliefs and expectations concerning future events and generally may be identified by the use of forward-looking words, phrases and expressions such as "believe", "expect", "aim", "anticipate", "intend", "foresee", "forecast", "predict", "project", "estimate", "likely", "may", "might", "could", "should", "would", "seek", "plan", "scheduled", "possible", "continue", "potential", "outlook", "target" or other similar words, phrases, and expressions; provided that the absence thereof does not mean that a statement is not forward-looking. Similarly, statements that describe our objectives, plans or goals are or may be forward-looking statements. These forward-looking statements or forecasts involve known and unknown risks, uncertainties and other factors that may cause AngloGold Ashanti's actual results, performance, actions or achievements to differ materially from the anticipated results, performance, actions or achievements expressed or implied in these forward-looking statements. Although AngloGold Ashanti believes that the expectations reflected in such forward-looking statements and forecasts are reasonable, no assurance can be given that such expectations will prove to have been correct. Accordingly, results, performance, actions or achievements could differ materially from those set out in the forward-looking statements as a result of, among other factors, changes in economic, social, political and market conditions, including related to inflation or international conflicts, the success of business and operating initiatives, changes in the regulatory environment and other government actions, including environmental approvals, fluctuations in gold prices and exchange rates, the outcome of pending or future litigation proceedings, any supply chain disruptions, any public health crises, pandemics or epidemics (including the COVID-19 pandemic), the failure to maintain effective internal control over financial reporting or effective disclosure controls and procedures, the inability to remediate one or more material weaknesses, or the discovery of additional material weaknesses, in the Company's internal control over financial reporting, and other business and operational risks and challenges and other factors, including mining accidents. For a discussion of such risk factors, refer to AngloGold Ashanti's annual report on Form 20-F for the financial year ended 31 December 2024 filed with the United States Securities and Exchange Commission (SEC). These factors are not necessarily all of the important factors that could cause AngloGold Ashanti's actual results, performance, actions or achievements to differ materially from those expressed in any forward-looking statements. Other unknown or unpredictable factors could also have material adverse effects on AngloGold Ashanti's future results, performance, actions or achievements. Consequently, readers are cautioned not to place undue reliance on forward-looking statements. AngloGold Ashanti undertakes no obligation to update publicly or release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events, except to the extent required by applicable law. All subsequent written or oral forward-looking statements attributable to AngloGold Ashanti or any person acting on its behalf are qualified by the cautionary statements herein.

 

  

  

 

   Media   
Andrea Maxey +61 08 9425 4603 / +61 400 072 199 amaxey@aga.gold  
General inquiries media@anglogoldashanti.com  

 

News Provided by Business Wire via QuoteMedia

AU
The Conversation (0)
Charbone Hydrogene annonce une mise-a-jour sur les reglements de dettes par emission d'unites

Charbone Hydrogene annonce une mise-a-jour sur les reglements de dettes par emission d'unites

 

(TheNewswire)

 
     
  Charbone Hydrogen Corporation 
          
 

    Brossard (Québec), le 1   8   juillet 2025 -   TheNewswire   -     CORPORATION CHARBONE HYDROGÈNE     (TSXV: CH,OTC:CHHYF   , OTCQB: CHHYF, FSE: K47   ) («   Charbone   » ou la «   Société   »), une rare compagnie cotée en bourse spécialisée dans la production et la distribution d'hydrogène vert en Amérique du Nord, annonce une mise-à-jour, concernant la clôture des unités pour le règlement de dettes annoncée précédemment, le 3 juin 2025, que, suite à des discussions avec la Bourse de croissance TSX, la Société a dû réviser le montant total et le nombre d'unités à émettre.  

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Miramar Resources

High-Grade Gold Discovery in First 8 Mile Drill Hole

Miramar Resources Limited (ASX:M2R, “Miramar” or “the Company”) is pleased to announce that the first RC drill hole at the 8 Mile target has intersected high-grade gold and ended in mineralisation.

Keep reading...Show less
Lithium Universe Ltd  Completes PV Solar Cell Recycling Acquisition

Lithium Universe Ltd Completes PV Solar Cell Recycling Acquisition

Melbourne, Australia (ABN Newswire) - Lithium Universe Limited (ASX:LU7,OTC:LUVSF) (FRA:KU00) (OTCMKTS:LUVSF) is pleased to announce that further to its announcements dated 18 June 2025 and 2 July 2025, it has successfully completed the acquisition of 100% of the issued capital New Age Minerals Pty Ltd (NAM) which is party to an exclusive licensing agreement with Macquarie University in respect to patented photovoltaic (PV) solar panel recycling technology known as Microwave Joule Heating Technology (the Acquisition).

Highlights

- Completion of the acquisition of 100% of the issued capital of New Age Minerals Pty Ltd

- Acquisition gives Lithium Universe exclusive rights to patented photovoltaic (PV) solar panel recycling technology known as Microwave Joule Heating Technology

Further details regarding the Microwave Joule Heating Technology are set out in the Company's announcement dated 18 June 2025.

Commenting on the Acquisition, Lithium Universe's Executive Chairman, Iggy Tan said:

"We are pleased to have completed this important milestone, which now allows us to begin working more closely with the Macquarie University team. This next phase will focus on developing a robust research program to enhance the Microwave Joule Heating Technology and unlock its full commercial potential. We believe this collaboration will play a pivotal role in advancing sustainable recycling solutions and position Lithium Universe as a leader in critical metal recovery from end-of-life solar panels."

 

About Lithium Universe Ltd:  

Lithium Universe Ltd (ASX:LU7,OTC:LUVSF) (FRA:KU00) (OTCMKTS:LUVSF) is a forward-thinking company on a mission to close the "Lithium Conversion Gap" in North America and revolutionize the photovoltaic (PV) solar panel recycling sector. The company is dedicated to securing the future of green energy by addressing two major strategic initiatives: the development of a green, battery-grade lithium carbonate refinery in Quebec, Canada, and pioneering the recycling of valuable metals, including silver, from discarded solar panels.

 

 

Source:
Lithium Universe Ltd

News Provided by ABN Newswire via QuoteMedia

Keep reading...Show less
Early Warning Report Issued Pursuant to National Instrument 62-103

Early Warning Report Issued Pursuant to National Instrument 62-103

LaFleur Minerals Inc. (CSE: LFLR,OTC:LFLRF) (OTCQB: LFLRF) (FSE: 3WK0) ("LaFleur Minerals" or the "Issuer"). This press release is being issued in connection with the filing of an early warning report (the "Early Warning Report") pursuant to the requirements of National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues regarding the acquisition of securities of the Issuer by Bullrun Capital Inc. (the "Acquiror"). The Acquiror is a private venture firm incorporated pursuant to the laws of the Province of British Columbia and is owned and controlled by Kulwant (Kal) Malhi, a director and Chairman of the Issuer, with a head office at 10589 Ladner Trunk Road, Vancouver, BC V4K 3N3. The Issuer's head office is located at Suite 1500-1055 West Georgia Street, Vancouver, BC V6E 4N7.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Element79 Gold Corp to Present at the Metals & Mining Virtual Investor Conference July 23

Element79 Gold Corp to Present at the Metals & Mining Virtual Investor Conference July 23

 

(TheNewswire)

 
     
  Element79 Gold Corp. 
          
 

  Company invites individual and institutional investors, as well as advisors and analysts, to attend online at VirtualInvestorConferences.com  

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Element79 Gold Corp to Present at the Metals & Mining Virtual Investor Conference July 23

Element79 Gold Corp to Present at the Metals & Mining Virtual Investor Conference July 23

 

Element79 Gold Corp (OTCQB: ELMGF, CSE: ELEM,OTC:ELMGF, FSE: 7YS0) a mining company focused on gold and silver exploration with a portfolio of assets in Nevada and Peru, today announced that CEO and Director, James C. Tworek, will present live at the Metals & Mining Virtual Investor Conference hosted by VirtualInvestorConferences.com, on July 23, 2025

 

  DATE : July 23, 2025
TIME: 1:30pm EST  
LINK:   REGISTER HERE  
Available for 1x1 meetings: July 23-29, 9am-5pm EST – booking link: Element79 Gold - 1x1 Meeting Management Link  

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
LaFleur Minerals Commences Diamond Drilling at the Swanson Gold Deposit and Completes Independent Valuation of the Beacon Gold Mill

LaFleur Minerals Commences Diamond Drilling at the Swanson Gold Deposit and Completes Independent Valuation of the Beacon Gold Mill

LaFleur Minerals Inc. (CSE: LFLR,OTC:LFLRF) (OTCQB: LFLRF) (FSE: 3WK0) ("LaFleur Minerals" or the "Company") is pleased to announce that it has commenced its diamond drilling program at its Swanson Gold Project ("Swanson") in the Abitibi region, Québec, after receiving all the necessary permits including the Authorization to Intervene (ATI) and the Forestry Intervention permits. These permit approvals mark a major milestone, allowing the Company to move forward with its fully funded, minimum 5,000 metre drilling program starting with the Swanson Gold Deposit. Simultaneously, the Company announces the completion of the independent valuation of its Beacon Gold Mill ("Beacon Mill") by Bumigeme Inc. ("Bumigeme") confirming: (1) the Beacon Mill is in excellent condition, (2) with rehabilitation and commissioning costs estimated at C$4.1 million, and (3) full replacement cost of the mill and tailings storage facility combined with permitting costs estimated to exceed C$71.5 million, underscoring the strategic value of the asset. LaFleur Minerals has also significantly expanded its land position at its wholly-owned Swanson Gold Project, now covering over 18,300 hectares across 445 claims and 1 mining lease, reinforcing its district-scale exploration potential.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Halcones Precious Metals Announces AGM Results

Halcones Precious Metals Announces AGM Results

 

Halcones Precious Metals Corp. (TSXV: HPM) (the " Company " or " Halcones ") is pleased to report that the nominees listed in the management proxy circular dated June 5, 2025 (the " Circular ") for the annual and special meeting of shareholders of Halcones held on July 17, 2025 (the " Meeting ") were elected as directors of the Company.  The appointment of each of the nominees to the Company's board was approved by more than 96% of the votes cast at the Meeting.  Shareholders at the Meeting also approved the appointment of the Company's auditors and the Company's stock option plan.

 

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
1911 Gold Closes C$13.2 Million "Bought Deal" Life Offering Including Increased Investment by Eric Sprott

1911 Gold Closes C$13.2 Million "Bought Deal" Life Offering Including Increased Investment by Eric Sprott

 

1911 Gold Corporation (" 1911 Gold " or the " Company ") (TSXV: AUMB,OTC:AUMBF; FRA: 2KY) is pleased to announce that it has completed its previously announced "bought deal" LIFE offering (the " Offering ") for gross proceeds of C$13,225,232.30, including the exercise in full of the Underwriters' Option (as defined in the press release dated June 24, 2025). The Offering consisted of the sale of: (i) 3,750,000 common shares of the Company (the " Non-FT Shares ") at a price of C$0.20 per Non-FT Share; (ii) 2,924,000 common shares (the " Tranche 1 CEE Shares ") at a price of C$0.342 per Tranche 1 CEE Share; (iii) 31,163,633 common shares (the " Tranche 2 CEE Shares " and together with the Tranche 1 CEE Shares, the " CEE Offered Shares ") at a price of C$0.288 per Tranche 2 CEE Share; and (iv) 10,163,000 common shares (the " CDE Offered Shares " and, together with the Non-FT Shares and CEE Offered Shares, the " Offered Shares ") at a price of C$0.246 per CDE Offered Share. The CEE Offered Shares and CDE Offered Shares will qualify as "flow-through shares" (within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the " Tax Act ")).

 

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×