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Stock impact report

Matsa, AngloGold Ashanti sign $70.4m deal for WA gold project [Yahoo! Finance]

AngloGold Ashanti PLC Ordinary Shares (AU) 
US:NYSE Investor Relations: anglogoldashanti.com/investors
Company Research Source: Yahoo! Finance
its Lake Carey gold project in Western Australia (WA) for a cash consideration of A$101m ($70.4m), contingent on certain conditions. The Lake Carey Gold Project is estimated to contain mineral resources of 949,000oz at 2.5 grams per tonne (g/t) of gold and the mineral reserve estimate is 104,000oz at 2.4g/t of gold. The consideration for the acquisition is structured as cash payments including an A$8m option fee and a potential A$73m option exercise fee, calculated based on the gold price at the time of exercise. Additionally, Matsa may receive up to A$20m in discovery royalties for new resources discovered on the tenements sold. The option granted to AngloGold Ashanti can be exercised within 18 months upon meeting specific conditions. Mat Read more
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