GOLDEN Star, a Toronto-listed gold producer and exploration company operating in Ghana, said La Mancha had completed a $125.7m cash investment buying a 30% stake in the firm and two board seats. “It will allow us to expedite our exploration and expansion programs at both our Wassa Underground and Prestea Underground Gold Mines as well as providing us with a funding position to participate in the consolidation of the African gold mining sector,” said Sam Coetzer, president and CEO of the company. “It is transformative for our balance sheet.”
Sawiris’ La Mancha completes $125.7m swoop on Golden Star
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