Blue Gold Limited Acquires 90% Stake in Mampon Gold Mine

Strategic Insights -

Blue Gold Limited has signed a non-binding term sheet to acquire 90% of the Mampon Gold Mine, a high-grade gold and copper deposit in Ghana's Ashanti Gold Belt. The acquisition would strengthen Blue Gold's portfolio and support its gold-backed stablecoin initiative, giving investors exposure to real, verified assets. The transaction is expected to be a near-term value driver for Blue Gold, with potential payments ranging from $45 to $55 per ounce of gold or ton of copper, capped at 6 million ounces of gold and 4 million tons of copper.

Key Takeaways:

  • The Mampon Gold Mine has an estimated 300,000 ounces of Measured & Indicated (M&I) gold resources.
  • The mine is located just 80 km north of Bogoso and the carbon-in-leach processing plant, with reliable infrastructure and proximity to Blue Gold's flagship operations.
  • The acquisition would strengthen Blue Gold's presence in Ghana's Ashanti Gold Belt, complementing its 2024 acquisition of the 5.1 Moz Measured & Indicated (M&I) gold resource Bogoso-Prestea Mine.
  • Blue Gold believes the acquisition would advance its mission of responsible, sustainable, and innovative mining while unlocking long-term value for shareholders.
  • The transaction structure aligns shareholder value with confirmed resource growth, representing an efficient use of capital.
  • Blue Gold would issue shares worth approximately $26.25 million to complete the acquisition.
  • The sellers have the potential to earn additional payments as Mampon's gold and copper resources are confirmed and upgraded through independent reports paid for by the seller.

Statistics:

  • 300,000 ounces of Measured & Indicated (M&I) gold resources at the Mampon Gold Mine.
  • 90% ownership of a Ghana-based company, with the remaining 10% held by the Government of Ghana.
  • Potential payments ranging from $45 to $55 per ounce of gold or ton of copper, capped at 6 million ounces of gold and 4 million tons of copper.
  • 80 km distance between the Mampon Gold Mine and Bogoso, the carbon-in-leach processing plant.
  • $26.25 million in shares to be issued by Blue Gold to complete the acquisition.
  • 5.1 Moz Measured & Indicated (M&I) gold resource acquired by Blue Gold in 2024 through the acquisition of the Bogoso-Prestea Mine.

Sources:

  • Globe Newswire, July 23, 2025
  • Blue Gold Limited press release, July 1, 2025 (shell company report on Form 20-F)
  • Blue Gold Limited website,
  • Skyline Corporate Communications Group, LLC, July 23, 2025