Excellent. The article makes it sound like the deal is closed. Of course it's not.
Here are the relevant paragraphs:
Lassonde was bullish on the prospects for Newmont’s growth in West Africa, however. He said the Ghanaian assets acquired along with the Normandy takeover had surpassed all expectations. “We put very little value on Ghana and now it is turning out to be the best asset we bought with Normandy,” said Lassonde. He said Ghana would be one of the group’s core operating districts.
Although the finer points of the Ghanaian growth strategy would be unveiled at the Denver Gold Show in September, Lassonde said initial work suggested $500 million would be spent on developing two mines, which together would produce 700,000 ounces.
“We’ll unveil it at the Denver Gold Show. We’ll give a clear idea of where we’re going with it,” said Lassonde.
In April this year Newmont bought the half of the Ntotoroso gold property in Ghana that it did not already own, from Canadian-listed Moydow Mining. Aside from the $20 million in cash for the stake, Moydow would also receive a 2% net smelter royalty on all gold and silver production from the property greater than the defined reserve of 1.2 million ounces when the deal was done.
Newmont also inherited the neighbouring Ahafo and Akyem properties in Ghana from Normandy, which had completed a feasibility study in 2001 at the Ahafo-Ntotoroso prospect. Newmont has upgraded the reserves at the site to 3.3 million ounces. Lassonde said the drilling results in the area had been “outstanding”.
“Normandy wanted to sell and today, it is going to be a flagship asset,” said Lassonde.
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