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Ghana: Asante Gold prepares to enter the circle of gold producers

13/09/2021
Categories: Raw materials

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With the takeover of Bibiani, Asante Gold is preparing its entry into the circle of gold producers in Ghana. On August 19, Asante Gold officially completed the takeover of the Ghanaian Bibiani gold mine from the Australian Resolute Mining.

With this acquisition estimated at $90 million, the Canadian mining junior has certainly extended its footprint on the country's gold deposits, but Asante has above all given itself a chance to achieve the status of gold producer. She who has been active in exploration in Ghana for ten years. Located in a jurisdiction popular with mining investors, Bibiani is an asset that has seen good days in the past and still has a lot to offer. Mined since the first half of the 20th century, the gold mine has produced over 4 million ounces, helping to cement Ghana's decades-long reputation as the 'Gold Coast' or Gold Coast. Asante intends to revive this heritage and the data available on this sleeping giant confirms the company in its ambition.

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