AUC.ASX: OceanaGold Agrees to Acquire Ausgold

OceanaGold Agrees to Acquire Ausgold

Stock	Ausgold Ltd (AUC.ASX)
Release Time	17 Aug 2026, 5:37 p.m.
Price Sensitive	Yes

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Ausgold to be Acquired by OceanaGold

Key Points

OceanaGold to acquire Ausgold in a recommended scheme
Implied offer price of A$1.36 per Ausgold share
Ausgold shareholders to receive up to 7.9% of OceanaGold
Scheme expected to be accretive to OceanaGold
Transaction subject to shareholder and regulatory approvals

Full Summary

Ausgold Limited (ASX: AUC) and OceanaGold Corporation (TSX: OGC, NYSE: OGC) have entered into a binding Scheme Implementation Deed under which OceanaGold will acquire 100% of Ausgold. The transaction values Ausgold at an implied offer price of A$1.36 per share, representing a premium of 28% over Ausgold's last closing price. Ausgold shareholders will receive 0.03365 OceanaGold shares for each Ausgold share held, or the option to receive cash up to a maximum pool of A$194 million. The combined entity will have a market capitalization of approximately US$6.9 billion and will benefit from OceanaGold's expertise in exploration, development, and operations. The transaction is expected to be accretive to OceanaGold and is subject to regulatory and shareholder approvals.

Guidance

Implied offer price of A$1.36 per Ausgold share, up to 7.9% of OceanaGold for Ausgold shareholders

Outlook

The acquisition is expected to enhance OceanaGold's production and growth pipeline, with the Katanning Gold Project contributing to future cash flow and earnings per share.