The Cdn$240 million deal is expected to close in late April.
True Gold Mining Mining News
True Gold Mining's low cost Karma project in West Africa is ahead of schedule.
The Vancouver-based company said it is on track to pour its first gold at the mine in the first quarter of 2016.
Vancouver junior is assessing damage at its Karma project in West Africa after demonstrations suspend operations.
Preliminary assessment of one-year old blind gold discovery at True Gold's Karma property adds $118m in after-tax free cash flow to Burkina Faso project.
Later the fleet will be augmented with a second primary excavator and eight additional trucks.
The reservoir will provide sufficient water for the Vancouver-based junior company’s construction and operational needs, as well as for local communities in Burkina Faso.
"This extension more than doubles the size of the gold footprint at Kao."