https://www.miningweekly.com
Ghana|Gold
Ghana|Gold
ghana|gold

Gold Fields will decide fate of Ghana mine within four months

Gold Fields interim CEO Martin Preece

Gold Fields interim CEO Martin Preece

20th September 2023

By: Bloomberg

  

Font size: - +

Gold Fields will decide whether to keep or dispose of its stake in its smallest gold asset within the next four months, according to interim CEO Martin Preece.

The Johannesburg-listed firm is “exploring all the options” for the Asanko gold mine in Ghana, including a total divestiture or a move to boost its ownership, Preece told Bloomberg.

The company entered into a joint venture agreement to operate the mine with Vancouver-based Galiano Gold in 2018. It produced 170 342 bullion ounces last year but expects output to drop to 120 000 to 130 000 ounces in 2023 as the asset ages.

“One way or another, I think in the next three or four months we’ll have a resolution on the way forward with Galiano,” said Preece Tuesday at the Denver Gold Forum.

Preece said the company also plans to announce a new CEO within the next two weeks after recently completing the final rounds of interviews with candidates.

Gold Fields is just beginning a search for a new CFO after Paul Schmidt retired in August, he said.

Edited by Bloomberg

Comments

Showroom

SBS Tanks
SBS Tanks

SBS® Tanks is a leading provider of innovative water security solutions with offices in Southern Africa, East and West Africa, the USA and an...

VISIT SHOWROOM 
SAIMC (Society for Automation, Instrumentation, Mechatronics and Control)
SAIMC (Society for Automation, Instrumentation, Mechatronics and Control)

Education: Consulting with member companies to obtain the optimal benefits from their B-BBEE spending, skills resources as well as B-BBEE points

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (01/12/2023)
1st December 2023
Photo of Martin Creamer
Jupiter Mines, Copper 360 and DRDGold make headlines
1st December 2023
Magazine round up | 01 December 2023
Magazine round up | 01 December 2023
1st December 2023

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.287 0.322s - 108pq - 2rq
Subscribe Now