Asante Gold Corp. says it has entered into an exclusivity agreement with Kinross Gold Corp. K-T to negotiate the potential purchase of all the Canadian mining company’s interests in Ghana.
The Vancouver-based company says the negotiations would include Toronto-based Kinross’s interest in the Chirano gold mine.
Kinross owns a 90 per cent stake in the mine, while the government of Ghana holds a 10 per cent interest.
The Chirano mine is an open-pit and underground mining operation.
It’s located in southwestern Ghana near Asante’s Bibiani gold mine.
Asante says Chirano was explored and developed in 1996 and began production in October 2005.
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