Blue Gold has declared that it has raised an additional $65 million to reopen the Ghanaian gold mines at Bogoso and Prestea.

Blue Gold, a technology and gold development business, has announced that it has raised an additional $65 million to revive the Bogoso and Prestea gold mine in Ghana.

An unidentified institutional investor has made a new commitment, increasing the total amount of funds promised to $140 million.

The current market value of Blue Gold is $194 million.

The company’s worth has dropped 45%, or almost half, so far this year.

While a mining lease dispute with the Ghanaian government is being resolved, the money is being kept in escrow.

Blue Gold stated that if the issue is resolved right now, it is willing to end the current legal action.

Source: newsthemegh.com