- Gold Fields (GFI -0.6%) and Asanko Gold (AKG) say Ghana authorities have approved their $185M partnership aimed at developing one of the country’s newest gold mines.
- The government’s regulatory approval was the principal condition to closing the JV, which was announced in March.
- The mine is forecast to produce 253K oz./year during 2019-23 at all-in sustaining costs of $860/oz.; AKG and GFI each own 45% stakes while Ghana's government hold a 10% interest.
Gold Fields, Asanko get Ghana government OK for JV mining project
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