“Let's stop criticizing our banks!”

More than ten years after the subprime mortgage crisis, all the light has not been shed, and yet the idea of ​​the guilt of the banks has taken hold firmly in people's minds. They are even blamed for the double fault, since after playing with fire and triggering the crisis, they allegedly asked for help from the States. This unanimous condemnation, the result of incomplete analyzes, is a heavy component of the bank bashing that has raged since then and unfortunately works against our interests. We are indeed at a critical moment when Europe, faced with the domination of American finance and the dollar, must develop its own financial capacities. The development of a strong pan-European financial sector is therefore essential if we particularly want to foster the emergence of future European gafas. 
If it is vain to hope for the complete disappearance of this bank bashing and, one might say, of the bashing market whose roots plunge both in history and in ignor…

Ghana: Golden Star Resources sells its Bogoso-Prestea gold mine for $ 95 million

Future Global Resources, a company recently created by a British holding company, is entering the Ghanaian gold sector. It acquired the Bogoso-Prestea gold mine from Golden Star for up to $ 95 million. This is timely given the current price of gold.
Ghana: Golden Star Resources sells its Bogoso-Prestea gold mine for $ 95 million

In Ghana, mining company Golden Star Resources announced this week that it has entered into a binding agreement with Future Global Resources (FGR) to sell its Bogoso-Prestea gold mine. It is an underground operation located in the southwest of the country, 40 km from the Wassa gold mine.

According to the terms stated, Golden Star will receive in exchange a payment of $ 55 million, divided into installments payable before July 31, 2023. This first consideration will be followed by another of between $ 20 and $ 40 million depending on the price of the however, if FGR decides to exploit the gold sulphide resources (1.8 million ounces) available on the project site.

“FGR is delighted to acquire 90% of the Bogoso-Prestea gold mine, which is our first producing asset […]. We are confident in the potential for further discoveries and extensions of underground mineral resources, through which we hope to generate real value, ”commented Glenn Baldwin, CEO of the company. 

Note that FGR is a company created this year by a British holding company, in order to build a portfolio of mining assets in Africa. With this first acquisition, the company can quickly generate income thanks to the current excellent gold price.