Resolute Mining Ltd - operator of Syama gold mine, Mali - Enters into a binding agreement to sell the Bibiani gold mine in Ghana to Chifeng Jilong Gold Mining Co Ltd for USD105 million in cash.
Interim Chief Executive Officer Stuart Gale comments: "Resolute is proud of its contribution to Ghana and pleased that our investments at Bibiani in exploration, feasibility studies, and community support will provide a strong base for future success and value creation. I am confident that Resolute's positive legacy in Ghana, and the interests of all stakeholders in Bibiani, will be protected and enhanced under Chifeng's ownership."
Current stock price: 43.00 pence
Year-to-date change: down 31%
By Arvind Bhunjun; arvindbhunjun@alliancenews.com
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Resolute Mining (RSG)