Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
The latest update is out from Ausgold Limited ( (AU:AUC) ).
Ausgold Limited has completed its oversubscribed Share Purchase Plan, which offered eligible shareholders shares on the same terms as a recent placement and targeted up to $10 million in proceeds but received approximately $15.3 million in applications. Due to the strong demand, the board scaled back applications so that all eligible participants will receive 65.17% of the shares they applied for, resulting in the issue of 12,500,000 new shares, with trading to commence on 24 December 2025 and excess funds to be refunded. Together with the earlier placement, the company has now raised a total of $90 million before costs, earmarked primarily for development of the Katanning Gold Project, including workforce accommodation construction, land acquisition, further exploration and general working capital, bolstering its funding position to advance its flagship gold asset.
The most recent analyst rating on (AU:AUC) stock is a Buy with a A$1.70 price target. To see the full list of analyst forecasts on Ausgold Limited stock, see the AU:AUC Stock Forecast page.
More about Ausgold Limited
Ausgold Limited is an Australian gold exploration and development company listed on the ASX, with its primary focus on advancing the Katanning Gold Project in Western Australia. The company is progressing this project toward development, including associated infrastructure and exploration activities, positioning itself within the gold mining and resources sector.
Average Trading Volume: 1,013,474
Technical Sentiment Signal: Buy
Current Market Cap: A$515.9M
See more data about AUC stock on TipRanks’ Stock Analysis page.