Results for: Pasofino Gold

Pasofino Gold Limited, a Canadian mineral exploration company, has entered into an exclusive agreement with a potential buyer for a cash acquisition of $75 million. This decision follows a strategic review process and reflects the company’s evaluation of offers to maximize shareholder value, driven by the current gold market and recent African mining mergers. The agreement grants the buyer an exclusive period until November 7th, 2024, to complete due diligence and secure necessary approvals.

Liberia, rich in mineral resources, is attracting significant investments in gold mining. Pasofino Gold, a company with extensive exploration experience in the country, is developing the Dugbe Gold Project, a 2,078 square kilometer site with promising gold deposits. With a strong government support, favorable mining laws, and a robust feasibility study, Pasofino Gold aims to unlock Liberia’s potential as a major gold producer.