La Mancha announces the investment of US$125.7 million in Golden Star Resources and the creation of a strategic partnership

La Mancha Holding S.à.r.l. (“La Mancha”), a Luxembourg-incorporated private gold investment company, is pleased to announce that today it has agreed an equity investment of US$125.7 million to acquire a 30% stake in Golden Star Resources (“Golden Star”) which operates the Wassa and Prestea underground mines in Ghana. This transaction builds on La Mancha’s already strong portfolio of gold mining investments with a track record of creating value through its stakes in Endeavour Mining in Africa and Evolution Mining in Australia. With both of these investments, La Mancha has actively supported meaningful organic and acquisition led growth which has driven substantial industrial synergies. We see significant opportunity to build on these achievements through our investment in Golden Star.

https://www.globenewswire.com/news-release/2018/08/01/1545904/0/en/La-Mancha-announces-the-investment-of-US-125-7-million-in-Golden-Star-Resources-and-the-creation-of-a-strategic-partnership.html