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OceanaGold to acquire Ausgold for A$776M, adding Katanning Gold Project in Australia.

Company Fundamentals
17 Aug 2026
PRNewsWire
View Source
Bullish
pluang ai news

OceanaGold Corporation has agreed to acquire 100% of Ausgold Limited for approximately A$776 million (US$549 million) through a court-approved scheme. The deal will add the Katanning Gold Project in Western Australia to OceanaGold's portfolio, expected to start production in 2029 with over 100,000 ounces of annual gold output. Ausgold shareholders will receive OceanaGold shares or cash, and are expected to own 6-8% of OceanaGold post-transaction. The acquisition strengthens OceanaGold's growth pipeline and diversifies its assets across multiple countries.

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