24 October 2025
24 October 2025
Subject to conditions, the transaction is expected to be completed in the December quarter of 2025, with MAC becoming a wholly owned subsidiary of Harmony.
Orion, in partnership with the US DFC and ADQ, has established Orion CMC.
The merger means Augusta Gold is now an indirect, wholly owned subsidiary of AngloGold Ashanti's US-based holdings.
In February 2025, the company's board commenced a review in light of a challenging capital markets environment.
The initial capital cost for the project is estimated to be $973m (C$1.36bn), with detailed engineering reported to be 36% complete.
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