AngloGold Ashanti plc has announced the sale of its interest in the Mineração Serra Grande mine, located in Goiás, Brazil, to Aura Minerals Inc. The transaction involves selling Mineração Serra Grande S.A., which owns the mine, to a Brazilian affiliate of Aura for a cash consideration of $76 million, subject to certain adjustments. Additionally, AngloGold Ashanti will receive deferred consideration payments equivalent to a 3% net smelter returns participation over the current Mineral Resource of the mine. The sale is contingent upon several conditions, including anti-trust approval from Brazilian authorities and the completion of TSF Decharacterization work. The transaction is expected to close in the third quarter of 2025.
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