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AngloGold Ashanti Inks Deal to Sell MSG Mine, Stock Hits 52-Week High
AUAngloGold Ashanti plc(AU) ZACKS·2025-06-04 01:51

Key Takeaways AngloGold Ashanti will sell its MSG mine to Aura Minerals for 76Mincash,plusdeferredroyaltypayments.TheMSGmineisahigh−cost,low−productionassetwitha2024goldoutputof80,000ounces.ThesalesupportsAU′sfocusoncapitalallocationandoperationalefficiencyimprovements.SharesofAngloGoldAshantiplc(AU)scaledanew52−weekhighof76M in cash, plus deferred royalty payments. The MSG mine is a high-cost, low-production asset with a 2024 gold output of 80,000 ounces. The sale supports AU's focus on capital allocation and operational efficiency improvements.Shares of AngloGold Ashanti plc (AU) scaled a new 52-week high of 47.77 on Monday as the company announced that it inked a deal to sell its interest in Mineração Serra Grande mine (“MSG”) to  Aura Mineral ...