The country is known for its rich mineral endowment and hosts several world-class gold belts, making it the 7th largest gold producing country in the world and the largest gold producing country in Africa.
Newcore’s recently released and updated PEA outlines robust project economics, including average annual production of 104,000 ounces of gold in years 2-5 and an after-tax Net Present Value of $212 million along with a 42% IRR.
The mine produced 166,000 ounces of gold in 2020 and has an expected mine life that runs through 2025.
The Asanko mine is located in central Ghana and consists of two main deposits- Nkran and Esaase- along with multiple satellite deposits.
Golden Star Resources owns and operates the Wassa underground gold mine located in the Ashanti gold belt of southwestern Ghana.
43-101 compliant Measured mineral resource of 0.66 million tonnes grading 5.30 g/t gold as well as an Indicated mineral resource of 0.66 million tonnes at a grade of 5.65 g/t gold.
Southern Ghana has been considered one of the world’s most prolific regions for gold discoveries for some time, with both gold producers and explorers enjoying success there.
The information contained herein is not intended to be used as the basis for investment decisions and should not be considered as investment advice or a recommendation, nor is the information an offer or solicitation to buy, hold or sell any security.