(Adds details on sale, background)
Aug 5 (Reuters) - Australian gold miner Resolute Mining Ltd (RSG) said on Thursday it would sell its Bibiani mine in Ghana to Canada's Asante Gold Corp ASE.CD for $90 million.
The sale comes months after China's Chifeng Jilong Gold Mining 600988.SS cancelled a deal to buy the mine, saying it had not received timely information about the termination of a mining lease.
Resolute Mining shares rose 4.5% to A$0.58 in early trade. The deal had been approved by Ghana's minister of lands and natural resources and is expected to be completed in the next 10 days, Resolute Mining said in a statement.
The Australian miner, which had acquired Bibiani in 2014, and also operates the Syama gold mine in Mali and the Mako gold mine in Senegal, said it would use $30 million of the proceeds to repay debt.
News: RSG UPDATE 1-Australia's Resolute Mining to sell Ghana mine to Asante Gold for $90 mln
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Last
84.0¢ |
Change
-0.020(2.33%) |
Mkt cap ! $1.788B | |||
| Open | High | Low | Value | Volume |
| 83.5¢ | 86.0¢ | 82.8¢ | $9.761M | 11.60M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 227141 | 83.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 84.5¢ | 43185 | 2 |
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| Last trade - 16.13pm 17/09/2025 (20 minute delay) ? |
| RSG (ASX) Chart |