Australia's Ausgold gains as OceanaGold takeover bid wins FIRB approval

OceanaGold

28/10/2026 04:28

** Shares of Australia's Ausgold AUC.AX rise as much as 5.1% to A$1.235, marking their biggest intraday pct gain since October 16
** Gold explorer says its proposed takeover by Canada's OceanaGold has received approval from Australia's Foreign Investment Review Board (FIRB)
** Says the Australian government has no objection to the scheme of arrangement under which OceanaGold will acquire Ausgold
** Adds the FIRB-related condition precedent to the scheme has now been satisfied, with deal remaining subject to Ausgold shareholder and court approvals
** YTD, stock up 11.8%, including session's moves 


 (Reporting by Subhalakshmi Dey in Bengaluru)
 ((Subhalakshmi.Dey@thomsonreuters.com;))