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Augusta Gold Secures $4.2M Loan for Acquisition

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Augusta Gold Secures $4.2M Loan for Acquisition

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Augusta Gold ( (TSE:G) ) has provided an announcement.

On July 31, 2025, Augusta Gold Corp. executed an amended Schedule A to its secured promissory note with Augusta Investments Inc., resulting in additional loans totaling US$4,200,000. These funds are intended to cover business expenses prior to the proposed acquisition by AngloGold Ashanti plc. If the acquisition does not proceed, origination fees will be credited toward interest due.

Spark’s Take on TSE:G Stock

According to Spark, TipRanks’ AI Analyst, TSE:G is a Underperform.

Augusta Gold faces significant financial challenges, with ongoing losses and negative cash flow raising concerns about sustainability. The technical analysis reflects weak market momentum, and valuation is unattractive due to a negative P/E ratio and no dividends. Despite securing additional funding, the company remains financially vulnerable, resulting in a low overall stock score.

To see Spark’s full report on TSE:G stock, click here.

More about Augusta Gold

Augusta Gold Corp. is a Nevada-based company operating in the gold mining industry. The company focuses on the exploration and development of gold resources.

Average Trading Volume: 142,700

Technical Sentiment Signal: Buy

Current Market Cap: C$143.5M

See more data about G stock on TipRanks’ Stock Analysis page.

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