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Business News Thu, 6 Jan 2022

Golden Star Resources to delist from three stock exchanges

Mining firm to delist from GSE

Chinese firm to become primary miner in Ghana

Golden Star owns 90% of the Wassa Mine in the Western Region


A mining firm with operations in Ghana, Golden Star Resources is set to delist from three stock exchanges in the coming weeks.

According to a statement issued by the firm, the move will take place on the Ghana Stock Exchange, Toronto Stock Exchange and New York Stock Exchange following a successful endorsement of the takeover by Chinese firm, Chigfeng Jilong Gold Mining Company Limited.

Prior to the deal, Golden Star Resources in November 2020 received a stock value offer of US$470 million to be acquired by Chifeng Jilong Gold Mining Limited.

While the delisting from the stock exchanges is yet to take place, the successful endorsement will make Chifeng a primary Chinese mining firm to launch operations in Ghana.

Meanwhile, Golden Star Resources controls 90 percent of the Wassa Mine located in the Western Region.

Read the full statement below:

Source: www.ghanaweb.com
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