Vancouver-based Asante Gold has entered into an exclusivity activity with Canada’s Kinross Gold to negotiate the po-tential acquisition of the company’s business in Ghana. The assets include Kinross Gold’s 90 percent stake in the Chirano gold mine, Asante Gold said in a statement.
“Chirano is an open-pit and underground mining operation located in southwestern Ghana,” according to the statement. “Chirano was ex-plored and developed in 1996 and began production in October 2005. The Chirano mine comprises the Akwaaba, Suraw, Akoti South, Akoti North, Akoti Extended, Paboase, Tano, Obra South, Obra, Sariehu and Mamnao open pits and the Akwaaba and Paboase underground mines.”
The government of Ghana holds a 10 percent stake in the gold mine, Asante Gold said.
The Vancouver-based miner is listed on the Canadian Securities Ex-change and the Frankfurt Stock Exchange.