Real Assets

Canada’s Asanko, South Africa’s Gold Fields Team Up In $203m Ghana Jv

by posted 2years ago 70 views
By analyst By Cecilia Jamasmie South Africa’s Gold Fields (JSE, NYSE: GFI) and Canada’s Asanko Gold (TSX: AKG) are teaming up to develop one of Ghana’s newest gold mine, the Asanko Gold Mine (AGM), is located in the country’s Ashanti Region. As part of the deal, Gold Fields is acquiring a 50% stake in Asanko’s local subsidiary, which gives it a 90% ownership in AGM, for a total of $203 million. The Vancouver-based firm is also getting associated properties and exploration rights in the African country.

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