$OGC

American Pacific Mining completed 2,000m of drilling at its Madison Copper-Gold Project and plans a 15,000m phase. Rio Tinto agreed a long-term power deal with Tomago Aluminum for US$778.39m. OceanaGold will acquire Ausgold's Katanning gold project for US$549m. The US DOE plans US$160m investment in critical minerals. Mining companies are adopting digital platforms for efficiency, with the market growing 39.5% in 2023.

OceanaGold (OGC) agreed to acquire Ausgold, owner of the Katanning Gold Project, for $549M. The deal adds a fifth asset to OceanaGold's portfolio, with Katanning expected to produce over 100,000 ounces of gold annually. OceanaGold plans to fund the acquisition with cash and shares, with the transaction expected to close in December 2026. OceanaGold has $655M in cash and no debt, projecting $2.1B in cash by 2029.

Spot gold rose to $4,562.86/oz, up 4.2% this week, boosting OceanaGold Philippines' Didipio mine margin above $3,460/oz. OGP's Q2 net income doubled to $32.7M, with revenue up 32% to $126.9M. Higher gold prices and solid operations supported a $17M dividend.

OceanaGold has proposed a USD552m acquisition of AusGold, including its Katanning Gold Project. AusGold shareholders will receive OceanaGold shares or cash from a capped AUD194m pool, resulting in 6-8% ownership of the combined group. OceanaGold will also provide a AUD20m bridge loan to AusGold. Legal advisors Corrs Chambers Westgarth and Baker McKenzie facilitated the deal.

OceanaGold (TSX: OGC) fell 6.39% on August 18, 2026, due to profit-taking and commodity volatility. The company operates gold and copper mines in the U.S., New Zealand, and the Philippines. Despite solid Q2 production, investors are concerned about production sequencing, cost pressures, and geopolitical risks. Gold market volatility, driven by factors like the US-Iran conflict, also impacted the stock.

OGC Group Bhd filed to list on Malaysia’s ACE Market to raise funds for expansion, according to its draft prospectus with Bursa Malaysia. IPO proceeds would fund machinery and vehicles, including a wheel loader, batching plant, dump trucks, excavators and mixer trucks, plus working capital. OGC reported FY2025 revenue of RM81m (+17%) and profit after tax of RM7.25m. Ling’s stake will be diluted to 70% post-listing.

OceanaGold, headquartered in Canada, said it agreed to fully acquire Perth-based Ausgold via a court-approved scheme, valuing Ausgold at about A$776 million ($551 million) on a fully diluted basis. The deal would give OceanaGold the Katanning Gold Project in Western Australia. It is subject to ACCC review and other approvals.

OceanaGold, headquartered in Canada, said it has agreed to fully acquire Perth-based Ausgold via a court-approved scheme of arrangement, according to an ASX filing. The deal values Ausgold at $551 million. The announcement concerns consolidation in Australian gold development and potential impacts on shareholders.

OceanaGold (NYSE: OGC) agreed to acquire Ausgold (ASX: AUC) in a share-exchange deal valued at about A$776M (US$553M). Ausgold shareholders receive 0.03365 OGC shares per AUC share, with optional cash up to A$194M. The offer values AUC at A$1.36, a ~27.7% premium. Deal expected to close Dec 2026; Katanning has 1.25M oz reserves.

OceanaGold agreed to acquire Ausgold in a A$776m deal, via a definitive scheme under which Ausgold shareholders receive 0.03365 OceanaGold shares each, plus a cash alternative capped at A$194m. The offer implies A$1.36 per Ausgold share, a 28% premium. Approvals are pending; meeting expected late Nov, completion targeted Dec 2026. Katanning has 2.44Moz resource and 1.33Moz reserve; Ausgold’s feasibility targets 1.22Moz over 10+ years.