Asante Gold to acquire Bibiani gold mine from Resolute Mining for US$90m

GHANA – Resolute Mining Ltd has announced that it has agreed to sell its Bibiani gold mine in Ghana to Asante Gold Corp. for US$90 million in cash. The company will receive an initial US$30 million payment, followed by another US$30 million on or before six months from the transaction close. The final US$30 million is set to come on or before a year from completion, Resolute said. The Western Australia-based miner had inked in December a US$105 million sales deal with China’s Chifeng Jilong Gold Mining, which fell flat…

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