AngloGold Ashanti plans to acquire a stake in Guyana's G2 Goldfields exploration company involved in the discovery of millions of ounces of gold in the country.
According to Mining Weekly, G2 Goldfields was successful in its exploration efforts on the Guiana Shield, which, in Guyana alone, is a home to three large gold projects: Aurora, Omai and Toraparu deposits. In addition to finding gold in Guyana, G2 has also been involved in the financing and development of Aurora project. AngloGold plans to acquire a 11.7% stake in the company.
“This strategic investment will provide us with a strong position in one of the world’s key gold provinces with significant potential for new discoveries,” said AngloGold's CEO Alberto Calderon to Mining Weekly.
AngloGold expresses the belief that the company’s exploration properties have significant growth potential. As part of the share subscription, which is expected to close in next month, AngloGold will be granted pre-emptive and top-up rights for future security issuances by G2.
Theodor Lisovoy, Editor in Chief of the European bureau, Rough&Polished
