AUGG
Augusta Gold Corp.1.2100
+0.0100+0.83%
Oct 24, 4:00:00 PM EDT
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '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
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.
8-K
Additional loans for acquisition bridge
Augusta Gold Corp. secured additional loans totaling US$4.2 million from Augusta Investments Inc. on July 31, 2025, comprising US$1.05 million advanced June 25 and US$3.15 million effective that date, including origination fees, to cover ordinary business expenses ahead of its proposed acquisition by AngloGold Ashanti plc announced July 16. This bridge financing bolsters liquidity during the pending deal, yet hinges on transaction closure; if terminated, fees offset interest. Risks include regulatory delays and failure to secure approvals.
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