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Gold Fields acquires 45% stake in Asanko gold mine

Gold Fields (SJ:GFU) has agreed to form a joint venture with Toronto- and New York-listed Asanko Gold (CN:AKG), in the process acquiring half of the latter’s 90%-stake in the Asanko gold mine in Ghana.

Gold Fields acquires 45% stake in Asanko gold mine Gold Fields acquires 45% stake in Asanko gold mine Gold Fields acquires 45% stake in Asanko gold mine Gold Fields acquires 45% stake in Asanko gold mine Gold Fields acquires 45% stake in Asanko gold mine

Gold Fields will have a 45% interest in the Asanko gold mine and associated properties

The US$185 million acquisition will provide access to the mine, as well as associated properties and exploration rights of the multi-deposit complex.