Galiano Gold Inc (TSE:GAU) has released an update.
Galiano Gold Inc. has expanded its mining operations by acquiring Gold Fields’ 45% joint venture interest in the Asanko Gold Mine in Ghana, which includes several open-pit mining areas and a processing plant. The acquisition, completed on March 4, 2024, involved a mix of cash payment, common shares, and future contingent payments, along with a capped net smelter returns royalty. This strategic move, expected to enhance Galiano’s financial position, has led to changes in company and subsidiary board compositions without altering other significant business plans.
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