Golden Star Resources Wassa Mine, a subsidiary of Chifeng Gold, has promised to invest heavily in capital drilling programme for the year 2025.
About $30million would be sunk into the project with the company also expected to start drilling work on the Adum Benso concession.
Boatemaa Hammond, Corporate Affairs Superintendent of the Mine, disclosed this at a stakeholder meeting in Takoradi last Friday.
The meeting was attended by the media, management members of Water Resources Commission, Immigration Service, Forestry Commission and Environmental Protection Authority.
The Corporate Affairs Superintendent explained that the investment in capital drilling would affect free cash flow.
According to her, the mine is currently listed on the Honk-Kong stock market and that this would afford her outfit access to capital.
It would also enhance the mine global visibility and investor confidence in addition to operational synergies to facilitate partnership and efficiencies across its global assets.
Boatema Hammond disclosed that in 2024, the company paid $577,517.38 into the Golden Star Development Foundation, $103,860.25 direct support for programmes such as road maintenance, alternative livelihood projects, infrastructure projects, water and sanitation.
The company also donated GHC754, 840.00 to support various stakeholder activities.
It further invested $187,185.26 in Golden Star Resources Oil Plantation (GISSOP) programme among others.
The post Golden Star Resources to pump $30m in exploration this year appeared first on The Ghanaian Chronicle.
Read Full Story
Facebook
Twitter
Pinterest
Instagram
Google+
YouTube
LinkedIn
RSS