Asante Gold unveils $470m balance sheet refresh
GHANA miner Asante Gold said on Wednesday it had concluded terms for a recapitalisation of its balance sheet in which it will raise $470m. The funds will contribute towards…
Asante Gold sets out $116m Bibiani undergound project
ASANTE Gold Corp, the Ghanaian miner, said on Tuesday it planned to mine 798,000 ounces of gold from underground resources at its Bibiani mine taking annual production to more…
Asante Gold raises US$100m in share issue
CANADA’S Asante Gold Corp. said on Wednesday it had raised US$100m through the sale of shares to a strategic investor. About 90.7 million shares were sold at C$1.50/share for…
Resolute marks another solid quarter as firm studies Syama North expansion options
RESOLUTE Mining reduced net debt and produced its fourth consecutive increase in gold production as the company sought to arrest a decline in performance of the last three years…
Kinross concludes sale of Chirano mine to Asante Gold for $225m in cash and shares
KINROSS Gold said it had completed the sale of its stake in Chirano, a gold mine in Ghana for $225m in cash and shares. The buyer is Asante Gold Corporation which in August last…
Resolute gains extension of debt facility after pushing out $100m Tabakoroni capex
RESOLUTE Mining kept the wolf from the door today announcing a refinancing of its balance sheet and a new life of mine plan that defers up to $100m in capital expenditure. The…
Ghana royalty fund looking for mining investments outside own borders
GHANA’S Minerals Income Investment Fund (MIIF) plans to invest up to $60m this year, according to a report by Reuters which said the fund would target companies inside and…
Chifeng Gold agrees $470m cash offer with unnamed partner for Ghana’s Golden Star
SHARES in Golden Star Resources rose another 17% taking total gains for the month to 49% following a report by Reuters that China’s Chifeng Gold Mining (Chifeng Gold), and an…
Resolute agrees to sell Bibiani for $90m to Ghanaian start-up Asante Gold Corp.
RESOLUTE Mining has launched a second attempt at the sale of the mothballed Bibiani mine in Ghana with the outlook second time round looking significantly better given the buyer…
Resolute Mining lowers production guidance for 2021 as Syama disruption persists
THE operational headaches that have dogged Resolute Mining for the last two years persisted into the second quarter with its Mali mine Syama reporting lower grades and power…