Damang Gold Mine sells another 100% gold consignment to GoldBod
Damang Gold Mine has sold another consignment of gold to the Ghana Gold Board (GoldBod). The consignment is said to be 100% of its gold production.
The latest consignment amounts to 121 kilogrammes of gold, equivalent to about 3,400 ounces. This figure exceeds the 103 kilogrammes supplied during the company's first transaction with GoldBod. The Technical Director of GoldBod, Michael Arko, lauded the management of Damang Gold Mine and its parent company, Engineers and Planners, for demonstrating confidence in the government's national gold policy, saying "Today marks a very significant and refreshing moment for us at Ghana GoldBod." Bobby Banson, a legal representative for Damang Gold Mine said that the company's decision to sell all its gold output to GoldBod demonstrates its commitment to supporting Ghana's economic development.
Mr. Banson reiterated the company's pledge to continue offering GoldBod the right of first refusal for future gold production, provided the institution has the financial capacity to purchase it, stating "As long as GoldBod has the financial capacity to take it, we will continue to give them the right of first refusal because we want to contribute in our own small way to bringing stability to our economic fortunes."
Quick Summary
The Damang Gold Mine has made another significant move involving the Ghana Gold Board-GoldBod. The transaction hints at a potentially important development for Ghana's national gold policy-but what could it mean for the country's economy?
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