International news within the industry of mining and metal, Jul, 17 2019
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Canadian miner completes African gold project acquisition

Photo: Roxgold
Photo: Roxgold
Published by
Jaroslaw Adamowski - 30 Apr 2019

Canada’s miner Roxgold has announced the completion of the acquisition of the Séguéla gold project in Côte d'Ivoire from Newcrest West Africa Holdings Pty Ltd.

 

The asset is part of a portfolio of 11 exploration permits in Côte d’Ivoire, purchased for a "total upfront consideration of US$20 million," Roxgold said in a statement.

 

"This acquisition will materially increase Roxgold's overall resource inventory, with work already underway to bring the deposit up to National Instrument 43-101 standards," said Paul Weedon, the company’s vice president for exploration.

 

Roxgold says it is a gold mining company with assets located in West Africa.