{"id":62680,"date":"2023-12-20T18:27:34","date_gmt":"2023-12-20T18:27:34","guid":{"rendered":"https:\/\/www.africa-press.net\/ghana\/?p=62680"},"modified":"2023-12-20T16:56:21","modified_gmt":"2023-12-20T16:56:21","slug":"anglogold-ashanti-to-invest-in-g2-goldfields-inc","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/ghana\/all-news\/anglogold-ashanti-to-invest-in-g2-goldfields-inc","title":{"rendered":"AngloGold Ashanti to invest in G2 Goldfields Inc"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Ghana. <\/strong><\/span><b>AngloGold Ashanti plc (\u201cAGA\u201d or the \u201cCompany\u201d) is pleased to announce that it intends, subject to execution of definitive documentation and satisfaction of customary conditions, to subscribe (the \u201cSubscription\u201d) for 24,500,000 common shares (the \u201cShares\u201d) in G2 Goldfields Inc. (\u201cG2\u201d) at C$0.90 per share for total consideration of C$22,050,000.<\/b><\/p>\n<p>Following completion of the Subscription, AGA will own approximately 11.7% of G2\u2019s issued and outstanding Shares.<\/p>\n<p>G2 is actively exploring in Guyana, a country which hosts the Guiana Shield, one of the world\u2019s most prospective gold provinces. The Guiana Shield is host to a number of significant deposits including the Aurora (6Moz) and Omai (5Moz) mines and the Toraparu (7.0Moz) deposit in Guyana; the Rosebel (13.7Moz) and Merian (6Moz) mines in Suriname; and the Montagne d\u2019Or (3.9Moz) and Camp Caiman (2.9Moz) deposits in French Guiana.<\/p>\n<p>The G2 team, led by Patrick Sheridan, Executive Chairman and Dan Noone, CEO is comprised of professionals who have been directly responsible for the discovery of millions of ounces of gold in Guyana as well as the financing and development of Aurora, Guyana\u2019s largest gold mine.<\/p>\n<p>G2\u2019s principal OKO project comprises the OKO Main Zone and Ghanie deposits. G2 announced in April 2022, an Indicated Mineral Resource estimate for the OKO Main Zone containing 220,000 oz Au (793,000 tonnes grading 8.63 g\/t Au) and an Inferred Mineral Resource estimate of 974,000 oz Au (3,274,000 tonnes, grading 9.25 g\/t Au). G2 intends to publish a Mineral Resource update in the first half of 2024.<\/p>\n<p>G2 has other exploration targets within a 20km radius of OKO Main and Ghanie, which are located directly adjacent to Reunion Gold Corporation\u2019s OKO West discovery and where an Indicated and Inferred Mineral Resource of 4.24Moz, grading 1.91 g\/t, was published in June 2023.<\/p>\n<p>AGA believes that G2\u2019s exploration properties have significant growth potential.<\/p>\n<p>As part of the Subscription, AGA will be granted pre-emptive and top-up rights for future security issuances by G2.<\/p>\n<p>Commenting on the Subscription, Alberto Calderon, CEO of AngloGold Ashanti said \u201cThis strategic investment in G2 will provide us with a strong position in one of the world\u2019s key gold provinces with significant potential for new discoveries. We look forward to G2\u2019s continued exploration success as the Guiana Shield continues to develop.\u201d<\/p>\n<p>The Subscription is expected to close in January 2024. subject to execution of definitive documentation and satisfaction of customary conditions.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/ghana\">Ghana<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Ghana. AngloGold Ashanti plc (\u201cAGA\u201d or the \u201cCompany\u201d) is pleased to announce that it intends, subject to execution of definitive documentation and satisfaction of customary conditions, to subscribe (the \u201cSubscription\u201d) for 24,500,000 common shares (the \u201cShares\u201d) in G2 Goldfields Inc. (\u201cG2\u201d) at C$0.90 per share for total consideration of C$22,050,000. Following completion of [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":62679,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[5092,5096,429],"class_list":["post-62680","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-ghana","tag-ghana"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>AngloGold Ashanti to invest in G2 Goldfields Inc - Ghana<\/title>\n<meta name=\"description\" content=\"AngloGold Ashanti plc (\u201cAGA\u201d or the \u201cCompany\u201d) is pleased to announce that it intends, subject to execution of defini ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/ghana\/all-news\/anglogold-ashanti-to-invest-in-g2-goldfields-inc\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AngloGold Ashanti to invest in G2 Goldfields Inc\" \/>\n<meta property=\"og:description\" content=\"AngloGold Ashanti plc (\u201cAGA\u201d or the \u201cCompany\u201d) is pleased to announce that it intends, subject to execution of defini ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/ghana\/all-news\/anglogold-ashanti-to-invest-in-g2-goldfields-inc\" \/>\n<meta property=\"og:site_name\" content=\"Ghana\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-12-20T18:27:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2023\/12\/sm_1703078707.794552.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/anglogold-ashanti-to-invest-in-g2-goldfields-inc#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/anglogold-ashanti-to-invest-in-g2-goldfields-inc\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"AngloGold Ashanti to invest in G2 Goldfields Inc\",\"datePublished\":\"2023-12-20T18:27:34+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/anglogold-ashanti-to-invest-in-g2-goldfields-inc\"},\"wordCount\":411,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/anglogold-ashanti-to-invest-in-g2-goldfields-inc#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2023\/12\/sm_1703078707.794552.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Ghana\",\"ghana\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/ghana\/all-news\/anglogold-ashanti-to-invest-in-g2-goldfields-inc#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/anglogold-ashanti-to-invest-in-g2-goldfields-inc\",\"url\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/anglogold-ashanti-to-invest-in-g2-goldfields-inc\",\"name\":\"AngloGold Ashanti to invest in G2 Goldfields Inc - 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