Chifeng Jilong Gold completed the acquisition of Golden Star for $470m.

Chifeng Jilong Gold, a mining & metals company, completed the acquisition of Golden Star, a gold mining company, for $470m. "We would like to thank the Board of Directors, and management team of Golden Star for supporting Chifeng with this important transaction. We are delighted to acquire Golden Star and its Wassa gold mine in Ghana which hosts a very significant gold resource endowment. Our team is very enthusiastic about working at Wassa and we are very confident in our ability to build on the solid foundations that Golden Star has established. We intend to invest significant financial and human capital into Wassa to realize the mines' full potential and in doing so expand our operating footprint into West Africa," Lyu Xiaozhao, Chifeng Jilong Gold President.