News
AngloGold to buy Coeur Mining’s projects in USA for $150 million
• Alberto Calderon, CEO of Angle-Gold Ashani
AngloGold Ashanti Limited has entered into a definitive agreement with Coeur Mining Inc. to acquire 100 per cent of Coeur’s wholly-owned subsidiary, Coeur Sterling Inc., which owns neighbouring properties, to AngloGold Ashanti in the Beatty district of southern Nevada, USA.
The properties to be acquired in the transaction include Coeur’s C-Horst, SNA, Secret Pass and Daisy ore bodies, as well as the decommissioned Sterling Mine and all tenements that surround these properties.
AngloGold Ashanti U.S.A. Holdings Inc., a wholly-owned subsidiary of AngloGold Ashanti, will acquire all shares of Coeur Sterling for $150m in cash when the transaction closes.
“This acquisition further enhances the value proposition we are building in the Beatty District,” AngloGold Ashanti Chief Executive Officer (CEO), Alberto Calderon, said in a statement issued this week.
“The addition of these properties consolidates our ownership position in one of North America’s most promising new gold districts, and gives us the ability to develop it in a way that will realise its full potential for the benefit of all stakeholders,” the CEO added.
According to the statement, Coeur currently estimates that the properties to be acquired in this transaction have a mineral resource of 914,000oz.
“If, after additional exploration, AngloGold Ashanti declares a mineral resource from these properties that is greater than 3.5Moz, AngloGold Ashanti would make the deferred consideration payment of an additional $50m. This deferred consideration would be made 30 days after that Mineral Resource declaration is made,” the statement said.
AngloGold Ashanti holds several exploration and development assets (North Bullfrog, Silicon, Merlin, Mother Lode, Transvaal and Rhyolite) in the Beatty District.
The Public Accounts Committee (PAC) today commenced its second Zonal Public Hearing in Kumasi Ashanti Region to examine the 2024 Auditor-General’s Report on public schools and District Assemblies yesterday, April 20, 2026.
In her opening remarks, the Chairperson of the Committee, Abena Osei Asare noted that the Committee will consider four (4) Auditor – General’s reports, namely, District Assembly Common Fund (DACF) & Other Statutory Funds, The Accounts of District Assemblies for the Financial Year (IGF), Pre-University Education Institutions and lastly Colleges of Education in the year ending 31st December 2024.
She assured the various District Assemblies and other institutions invited to respond to infractions cited in the Auditor-General’s report that the Committee would be transparent in asking questions as well as granting opportunities to all to explain issues to the Committee.
Abena Osei Asare, allowed the Ranking Member of the Committee, Samuel Atta Mills to chair the sitting with the explanation that her government was in power then, therefore she could not chair over Auditor-General reports of 2024.
The Ghana Audit Service has issued a correction to its Auditor General’s report on the nationwide payroll audit, clarifying that a GH¢427,995,661.40 figure wrongly attributed to a public servant was due to a transpositional error.
In a press release dated April 21, 2026, the Service explained that the amount earlier linked to Frank Oliver Kpodo does not belong to him.
It stated that the figure rather relates to unaccounted staff under the Ministry of Education during the payroll audit covering the period from January 1, 2023 to June 30, 2025.
The Service expressed concern over media reports that cited Mr Kpodo as having received the amount as unearned salary, stressing that the attribution was an error.
It offered an unreserved apology to Mr Kpodo for the distress and public scrutiny the mistake may have caused.
The Service also apologised to the Government, the people of Ghana, and the Controller and Accountant General’s Department for the error.
According to the corrected report, the GH¢427.9 million is linked to 3,476 unaccounted staff under the Ministry of Education, making it the highest figure recorded in the audit.
The nationwide payroll audit covered 6,270 records across several public institutions, with a total salary value of GH¢801,808,427.04.
Other institutions captured in the report include the Judicial Service of Ghana, the Electoral Commission of Ghana, and the Ministry of Health, among others.
The Audit Service noted that the corrected summary has been provided to ensure accuracy and maintain public trust in its work.
It reaffirmed its commitment to accountability and transparency in the management of public funds.
By: Jacob Aggrey
