OceanaGold to Acquire Ausgold
OceanaGold Corporation has entered into a definitive agreement to acquire 100% of the issued shares of Ausgold Limited. The transaction is expected to expand OceanaGold's gold asset portfolio in Australia.
OceanaGold Corporation announced on August 17, 2026, that it has signed a definitive scheme implementation deed to acquire all of Ausgold Limited's shares. The deal, subject to regulatory and shareholder approvals, aims to bolster OceanaGold's presence in the Australian gold sector.
Michael Holmes, CEO of OceanaGold, stated the acquisition represents a strategic move to enhance the company's gold reserves and unlock growth opportunities within Australia. While financial terms were not disclosed, the company anticipates the transaction will be completed by the end of 2026.
The acquisition includes Ausgold's significant gold deposits in Western Australia, such as the Maldon gold project. OceanaGold plans to integrate these assets into its existing operations, seeking operational efficiencies.
This move aligns with OceanaGold's broader strategy to grow and diversify its gold production globally. The company maintains existing operations in North America, the Philippines, and New Zealand.