South Africa-based gold miner AngloGold Ashanti has completed the sale of its entire stake in Canada’s G2 Goldfields.
The transaction involved the disposal of 35.9 million common shares – 4.95% of G2 Goldfields’ outstanding shares.
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The move is part of AngloGold’s ongoing strategy to optimise its investments through regular portfolio reviews.
The stake was based on the company’s 240.4 million total common shares currently issued and outstanding as of 28 February 2025.
AngloGold Ashanti executed the market sale on the Toronto Stock Exchange on 8 July 2025.
Following the transaction, AngloGold no longer owns G2 Goldfields’ common shares.
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By GlobalDataIn January 2024, AngloGold Ashanti acquired an 11.7% stake in G2 Goldfields for C$22.05m ($16.4m).
The transaction saw the acquisition of 24.5 million common shares at C$0.90 per share.
The funds from this investment were earmarked for advancing exploration activities at G2 Goldfields’ Oko project in Guyana, for working capital and for general corporate purposes.
In July 2024, AngloGold Ashanti Holdings announced its plan to expand its shareholding in G2 Goldfields by purchasing an additional 8.9 million shares through a private placement at $1.45 per share, totalling C$42m.
The acquisition expanded AngloGold Ashanti’s stake to 14.95% of the issued and outstanding shares.
In June 2025, AngloGold Ashanti agreed to sell its stake in the Mineração Serra Grande mine in Goiás, Brazil, to Aura Minerals for $76m in cash, with additional deferred payments linked to a 3% net smelter return on the mine’s mineral resources.
