Liberian gold developer to acquire all Gold Fields Malian assets

Gold mine developer, Hummingbird Resources, which has been planning to bring the 4 million ounce Dugbe gold project in Liberia into production, has announced that it has entered into a conditional agreement to acquire all of Gold Fields’ mining and exploration assets in West Africa’s second largest gold producer, Mali. Under the terms of the deal the acquisition will be in the form of an all-scrip deal, calculated to be worth $20 million with Gold Fields, which will then become Hummingbird’s largest shareholder with 26.3% of the company’s enlarged capital.READ MORE OF THIS STORY

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