Australia's Ausgold surges on $551 million buyout offer from OceanaGold
18/08/2026 02:26
BUZZ-Australia's Ausgold surges on $551 million buyout offer from OceanaGold ** Shares of Australia's Ausgold AUC.AX rise as much as 26.8% to A$1.35, posting their biggest intraday pct jump since early June 2024
** Canadian gold and copper producer OceanaGold OGC.TO plans to acquire Ausgold in a deal valued at A$776 million ($551.43 million), the companies said on Monday
** The deal represents a premium of 27.7% to Ausgold's previous close on Friday and gives OceanaGold ownership of the Katanning project in Western Australia
** About 5.9 mln Ausgold shares change hands, 11 times the 30-day average trading volume
** YTD, shares up 20%
($1 = 1.4073 Australian dollars)
(Reporting by Shruti Agarwal in Bengaluru)
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