AngloGold completed the acquisition of Corvus Gold for $370m.

AngloGold, a gold mining company, completed the acquisition of Corvus Gold, a North American gold exploration and development company, for $370m. Corvus controls 100% of its North Bullfrog Project, which covers approximately 90.5 km2 in southern Nevada. The property package is made up of a number of private mineral leases of patented federal mining claims and 1.1k federal unpatented mining claims. “The acquisition of Corvus provides AngloGold Ashanti with compelling, district-wide consolidation in Nevada. The combination of Corvus’ assets along with our own neighbouring targets, including Silicon, Merlin and Rhyolite, provides the opportunity for the Beatty District to become a potential Tier 1 asset with first production in approximately the next three years. We look forward to further engagement with local stakeholders as we develop the Beatty District," Alberto Calderon, AngloGold Ashanti CEO and Executive Director. On January 6, 2021, Corvus' securityholders voted in favour of the acquisition by AngloGold.