HomeBusiness and policyAsante Gold closes acquisition of Bibiani

Asante Gold closes acquisition of Bibiani

Asante Gold has completed the purchase of the Bibiani Gold Mine in Ghana from Resolute Mining for total cash consideration of US$90 million.

Resolute has received the initial US$30 million cash payment from Asante with the balance of consideration payable in two equal instalments of US$30 million on or before six and twelve months following closing. Given the successful closing of the purchase, Asante is now finalizing its team that will develop the Bibiani Mine back to production.

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