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