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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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Tickers mentioned in this story

Study and track financial data on any traded entity: click to open the full quote page. Data updated as of 28/03/24 3:50pm EDT.

SymbolName% changeLast
K-T
Kinross Gold Corp
+3.88%8.31
KGC-N
Kinross Gold Corp
+4.25%6.13

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