By: Creamer media

The potential targets are either producing or near-production gold assets, the company said in a statement, with discussions centered around share-for-share transactions aimed at providing increased liquidity for asset owners.

“With this milestone behind us, we are actively considering several acquisition opportunities in West Africa and Latin America. These are producing gold assets, or assets close to production, whose owners are interested in taking a share-for-share exchange as consideration, for increased liquidity. We believe that this may present a near-term opportunity for our company to achieve accelerated gold production from a broader production base,” CEO Andrew Cavaghan said.

Blue Gold acquired Ghana’s Bogoso Prestea mine, which hosts a 5.1-million-ounce resource, in 2024 and plans to restart the operation as a priority. The mine is located in the Ashanti Gold Belt, one of West Africa’s most prolific gold-producing regions.