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Resolute reviewing options for Bibiani gold mine in Ghana

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Resolute reviewing options for Bibiani gold mine in Ghana

Resolute Mining Ltd. said Dec. 13 that it launched a strategic review to assess options for the Bibiani gold mine in Ghana.

The review is designed to consider its recommissioning plans for the mine, assess capital requirements, evaluate funding activities and to investigate expressions of interest from third parties to acquire the property.

Purchased in 2014, Bibiani has on-site processing facilities for a 3 million tonne per annum mill and plant, as well as underground mining infrastructure. Bibiani was subsequently placed on care and maintenance after its acquisition to flesh out plans for recommissioning as a larger underground mine.

An updated feasibility study for Bibiani, released in July 2018, extended its mine life to 10 years from the previous five years forecast under a 2016 feasibility study.

The Africa-focused gold miner is actively evaluating further growth opportunities, both internal and external, to its existing portfolio.

Earlier this month, Resolute completed the repairs to the sulfide roaster at the Syama gold mine in Mali and started reheating the roaster ahead of resuming normal operations.