Turaco Successfully Navigates M&A Process with Aferma Deal

Potential takeover target Turaco Gold is making moves to secure its interest in the Afema project in Cote d’Ivoire. The company is set to invest about A$11 million in cash and issue around $11 million worth of shares for this acquisition. Turaco Gold sees this as a strategic move to increase its presence and investments in the region.

At present, Turaco Gold has outlined more than two million ounces of gold in the Afema project and is continuing to work on further exploration and development. This deal with Aferma aligns with Turaco’s long-term growth strategy and positions the company well for future opportunities in the mining sector.

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