RE: Earnings call transcript25 Jul 2024 22:24
At Akyem, we're well advanced in process with Akyem. So, we completed Phase 1 some time ago. We had 20 parties through that process who made bids, and we've taken seven parties into Phase 2. And we're at the end of the Phase 2 process. So, we've had all those parties visit site and participate in management presentations. And they are now preparing their Phase 2 bids for us to consider.
So we're at that stage where really, by the time you get into Phase 3, you're down to one or two parties starting to finalize that transaction. So that is progressing very well. It's progressing on track. And we're certainly seeing a competitive process and good value coming through. The North American process, we're just concluding Phase 1. So we had some 67 parties actively participate in Phase 1.
And we had around 24 bids submitted. And we had everything from bids for a single asset. If you remember, North America is Cripple, Greek, Victor, Eleanor, Porcupine, Musselwhite and our coffee project up in the Yukon. So we've had a range of bids from a single asset, to a bundle of assets to the full portfolio. And we are busily now having received those bids just in recent days, working through a process of assessing those, and determining, which parties will take into Phase 2.
Again, that's progressing well, and there's some very nice competition in that process. So pretty more than pleased with how both Akyem and North America are progressing. And then Telfer continues to progress well. We continue to actively work that process and also slightly confident around how that process is progressing also.
So everything is on track and pretty pleased with what we're seeing in terms of bids coming through, and the type of organizations that are looking to make offers, and ultimately acquire these noncore assets. Karyn, do you want to build on that?
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