From Yahoo Finance: 2025-06-03 10:40:00

AngloGold Ashanti has agreed to sell its stake in the Mineração Serra Grande mine in Brazil to Aura Minerals for $76m, with additional deferred payments. The transaction is set to close in Q3 2025 pending regulatory approval. The mine operates three underground mines and an open pit with a capacity of 1.5mt.

Despite efforts to stabilize operations, the mine remains one of AngloGold Ashanti’s higher-cost and smallest operations. As part of the sale, non-operational assets will be spun off and retained by AngloGold Ashanti. The deal is subject to antitrust approval and completion of certain obligations.

AngloGold Ashanti CEO Alberto Calderon stated that the sale will help the company focus on capital allocation and operating efficiencies. In related news, AngloGold Ashanti and Gold Fields have paused discussions on a potential joint venture in Ghana to improve their stand-alone mine performances. AngloGold Ashanti identified valuable opportunities within its Iduapriem mine plan.



Read more at Yahoo Finance: AngloGold Ashanti to sell Brazilian Serra Grande mine for $76m plus royalties