HomeFinTechWest African Resources: Completes Kiaka acquisition

West African Resources: Completes Kiaka acquisition

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West African Resources: Completes Kiaka acquisition

  • Gold mining company West African Resources (WAF) completes the acquisition of the Kiaka and Toega gold projects
  • On October 26, WAF entered definitive agreements to acquire 90 per cent of the Kiaka gold project from B2Gold and its partner, GAMS-Mining
  • The company also entered a binding agreement with B2Gold and GAMS to acquire a 100 per cent interest in exploration company Kiaka Gold, which holds the Toega Project
  • WAF now plans to begin early works in Q1 2022 which includes upgrading site access roads and constructing camp facilities and community projects
  • Shares in WAF are down 1.53 per cent on the market and are trading at $1.29
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