AUGG
Augusta Gold Corp.1.2100
+0.0100+0.83%
Oct 24, 4:00:00 PM EDT
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
103.97MP/E (TTM)
-Basic EPS (TTM)
-0.09Dividend Yield
0%Recent Filings
8-K
8-K
Stockholders approve AngloGold merger
Augusta Gold stockholders overwhelmingly approved the merger with AngloGold Ashanti's subsidiary on October 20, 2025, with 99.37% of voted shares in favor after excluding related parties. The deal, stemming from a July 15 agreement, positions Augusta as a wholly-owned subsidiary, paving the way for delisting from the TSX and OTCQB. Closing hinges on customary conditions. Merger success clears the path.
10-Q
Q3 FY2025 results
Augusta Gold's Q3 2025 results show operating expenses climbing 11% year-over-year to $1.2M, driven by higher general and administrative costs from merger-related legal fees, while exploration spending dropped 28% to $296K as activities wound down. Net loss widened to $2.2M from $1.7M last year, with the gap largely due to elevated interest expense on related-party debt that swelled to $39M principal. Cash rose to $2.7M after $4.9M in financing inflows, yet working capital stays negative at $39.5M amid ongoing funding needs. The pending merger with AngloGold Ashanti, announced July 15, 2025, for C$1.70 per share in cash, advances toward a Q4 close, pending approvals. Merger failure risks exposing liquidity strains and debt repayment pressures.
8-K
Merger vote meeting set
Augusta Gold Corp. announced on September 9, 2025, a special stockholder meeting on October 20, 2025, to vote on its merger with Merger Sub, a subsidiary of AngloGold Ashanti (U.S.A.) Holdings Inc., under a July 15, 2025 agreement. The record date is September 12, 2025, setting the stage for Augusta to become a wholly-owned subsidiary. Shareholders face risks from potential delays in approvals or competing bids. Meeting materials are forthcoming.
10-Q
Q2 FY2025 results
Augusta Gold trimmed operating expenses to $1.1M for Q2 2025 ended June 30, down 19% y/y from $1.4M, mainly from lower exploration outlays at its Nevada projects, while YTD expenses fell 18% to $2.1M. Yet net loss widened to $1.9M or $0.02 per share, versus $0.5M last year, driven by $0.9M interest on related-party debt that jumped 17% y/y to $1.7M YTD; warrant revaluation added a $0.1M gain, but the gap between operating and net loss stems from that interest burden. Cash climbed to $1.0M on $1.9M related-party borrowings, against $35.0M in such debt due November 2025, with no revolver or covenants noted. Post-quarter, a July merger with AngloGold Ashanti for C$1.70 per share eyes Q4 close, pending approvals. Merger delays could strain liquidity.
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