OceanaGold agrees to buy Ausgold in A$ 776 million share-and-cash deal

Reuters2026/08/17 07:18

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OceanaGold agreed to acquire Ausgold, owner of the Katanning Gold Project in Western Australia, via a court-approved scheme.
Offer set at 0.03365 OceanaGold shares per Ausgold share, implying A$ 1.36 per share.
Deal implies an equity value of about A$ 776 million, with an optional cash alternative capped at A$ 194 million.
Ausgold shareholders expected to own about 6% to 8% of OceanaGold on completion, depending on cash elections.
Ausgold had A$ 87 million cash and no debt as of June 30, 2026; completion targeted for December 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. OceanaGold Corporation published the original content used to generate this news brief via PR Newswire (Ref. ID: 202608170317PR_NEWS_USPR_____VA27320) on August 17, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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OceanaGold agrees to buy Ausgold in A$ 776 million share-and-cash deal

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