AngloGold Ashanti plc (AU) Divests Entire Stake In G2 Goldfields

AngloGold Ashanti plc (NYSE:AU) is among the 13 Best Booming Stocks to Buy Now. According to a report, the company has divested its entire 14.95% stake in Canada’s G2 Goldfields. The disposal was executed on July 8 at the Toronto Stock Exchange.

The transaction involved the sale of 35.9 million common shares, as part of the company’s strategy to regularly review its investment portfolio. In June this year, AngloGold Ashanti plc (NYSE:AU) agreed to sell its stake in the Mineração Serra Grande mine in Goiás, Brazil, to Aura Minerals.

The South Africa-based gold miner acquired an 11.7% stake in G2 Goldfields for approximately C$22.05 million in January 2024, with funds from the investment designated for use in exploration projects in Guyana and general corporate purposes.

Later that year, in July, AngloGold Ashanti plc (NYSE:AU) announced plans to further expand its shareholding in the Canadian company by acquiring a further 8.9 million shares through a private placement totaling C$42 million.

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