JV deal Canada’s Asanko Gold has completed its deal with the off-shoots of Gold Fields Ltd to obtain a 50% joint venture interest in Asanko’s 90% stake in the Asanko gold mine in Ghana.
"Upon closing of the Transaction, Asanko received US$165 million in cash from Gold Fields, with the remaining US$20 million receivable in cash upon achievement of an agreed Esaase development mile-stone but in any event by no later than December 31, 2019," the Ca-nadian miner said in a statement.
Asanko is listed on the Toronto Stock Exchange (TSE).