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AngloGold to buy Coeur Mining’s projects in USA for $150 million
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• 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.
A nine-member board for the New Times Corporation (NTC), publishers of The Ghanaian Times and The Spectator newspapers was sworn into office on Thursday with a call to strengthen the governance of the Corporation.![Dr. Binka (seated second from right) with Dr Okpoti [right] the board and Management of NTC photos Okai Elizabeth.](https://spectator.com.gh/wp-content/uploads/2026/08/Dr.-Binka-seated-second-from-right-with-Dr-Okpoti-right-the-board-and-Management-of-NTC-photos-Okai-Elizabeth-1024x683.jpg)
The new NTC board is chaired by Dr Charity Binka and has Very Rev. Helena Amma Serwah Opoku-Sarkodie, Mr Tito Kojo Voegborlo Esq and Naana Aklerh Amenyah Kubi I as members. Read More
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Christians have been urged to demonstrate a living faith in Jesus Christ by allowing their confession of Him as Lord and Saviour to reflect in their daily lives.
According to the Kaneshie District Pastor of the Evangelical Presbyterian Church, Ghana (EPCG), Rev. Dzidzor Nathaniel Affram, a genuine Christian’s confession should go beyond words and be demonstrated through obedience to God, love for others and service to the Church.
He made the call at the 40th anniversary remembrance service for the late Wesley Kwasi Kwadzo at the Evangelical Presbyterian Church, Ghana, Maranatha Congregation at Awudome Avenui in the Volta Region.
Speaking on the theme, “The Church Built on a Living Confession,” Rev. Affram said life would continually present challenges capable of testing Christians’ faith, making it necessary for believers to hold firmly to their confession that Jesus Christ is Lord.
He explained that accepting Jesus Christ as Lord and Saviour required Christians to live according to His teachings, stressing that their faith must be evident in their conduct.
“A living confession listens to God and not man,” he said, urging Christians to remain obedient to God even when faced with difficulties and pressures.
Rev. Affram further encouraged the congregation to care for vulnerable people and demonstrate concern for others, adding that such acts were practical expressions of Christian faith.
He also urged Christians to identify and use their God-given gifts to build the Church.
He said every member of the Church had a role to play and cautioned Christians against looking down on others because of their status or abilities.
The remembrance service brought together family members, friends, members of the congregation and sympathisers to commemorate the 40th anniversary of the late Wesley Kwasi Kwadzo.
By Lizzy Okai
