Northwire Canada EditionTuesday, November 10, 2026
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Gold 4,114.50 +1.0% Silver 52.69 +1.4% Copper 6.38 +2.3% Oil 86.38 −4.9% Palladium 1,037.50 +2.0% HMMC 5.30 +2.7% EQX 17.02 +4.8% URE 1.13 +7.6% VRB 0.050 −9.1% GGO 1.22 +9.9% EFF 0.030 +0.0% AXO 1.07 +0.9% VGZ 4.01 +3.1% WGLD 0.120 +0.0% AAUC 33.15 +1.9% EDR 11.80 +6.7% CNRI 0.195 +0.0% STND 0.065 +8.3% SHL 0.375 +0.0% MAI 4.39 +3.0% GCN 0.030 +0.0% Gold 4,114.50 +1.0% Silver 52.69 +1.4% Copper 6.38 +2.3% Oil 86.38 −4.9% Palladium 1,037.50 +2.0% HMMC 5.30 +2.7% EQX 17.02 +4.8% URE 1.13 +7.6% VRB 0.050 −9.1% GGO 1.22 +9.9% EFF 0.030 +0.0% AXO 1.07 +0.9% VGZ 4.01 +3.1% WGLD 0.120 +0.0% AAUC 33.15 +1.9% EDR 11.80 +6.7% CNRI 0.195 +0.0% STND 0.065 +8.3% SHL 0.375 +0.0% MAI 4.39 +3.0% GCN 0.030 +0.0%
Financings

Au Gold Corp Completes Acquisition of Havelock Gold-Antimony Project and Closes $2 Million Private Placement

Au Gold pivots to Australian gold-antimony with $2M war chest and high-grade Victorian targets

By The Northwire Desk — AI Analysis Mar 11, 2026 · 18:37 AUGC · 0.27 AU Gold Corp.
Executive Summary

The most recent news (March 11, 2026) confirms the closing of the acquisition of the Havelock Gold-Antimony Project in Victoria, Australia, and the concurrent closing of a $2,000,000 private placement. The acquisition involved paying $75,000 and issuing 5,000,000 shares to Leviathan Gold Australia. The financing was completed at $0.15 per unit, consisting of one share and a half-warrant exercisable at $0.30 for 36 months. This follows the filing of a NI 43-101 technical report which highlighted rock samples up to 12.20 g/t gold and 0.18% antimony.

Material Impact

The impact is Material - Positive. This is a transformative event for Au Gold Corp for several reasons: - Capital Infusion: The $2M raise is massive relative to the company's previous cash position ($241,009 as of Dec 31, 2025). It provides the "dry powder" necessary to execute a modern exploration program. - Strategic Pivot: The company is moving from the Ponderosa property in B.C. to the Victorian Gold Fields, a Tier-1 jurisdiction currently seeing high interest due to the success of Agnico Eagle (Fosterville) and Southern Cross Gold (Sunday Creek). - Asset Quality: Historical drilling results included in the Jan 15, 2026, release (e.g., 1.11m at 56.4 g/t Au) suggest high-grade potential that has not been subjected to modern systematic exploration. - Valuation Support: The financing at $0.15 sets a firm valuation floor and indicates strong investor appetite for the new Australian strategy.

AUGC · Price
Company Overview

Au Gold Corp is a junior explorer now focused on the Havelock Gold-Antimony Project in Victoria, Australia. The project covers 11,663 hectares and features at least seven historical workings along a 9km trend. It is an epizonal gold-antimony system, similar in style to the Costerfield and Fosterville mines. The company also holds the Ponderosa Property in British Columbia, Canada.

Read the original news release →

More from AU Gold Corp.

Nov 05, 2026 · 07:31

AU commits to drilling at the Havelock project following high-grade grab samples that indicate significant mineralisation potential.

Drill Results Oct 27, 2026 · 07:30

AU uses AI validation to refine Havelock targeting ahead of Q4 drilling.

M&A / Property Oct 02, 2026 · 07:30

Au raised $3.5m via an oversubscribed placement to expand the 5,000m drill program at the Havelock project.

Financings Sep 29, 2026 · 16:30

Au expands its Havelock drill program by 150% with $2m in discounted financing.

Financings Sep 21, 2026 · 07:30

Grab samples up to 54.20 g/t Au confirm high-grade potential beneath Havelock workings at AU.

Drill Results Sep 16, 2026 · 07:30

Au selects drill targets at Havelock but awaits landowner access to commence the exploration program.

Drill Results