LionGold's Ghana unit signs deal to buy tailings from B&C Gold

LIONGOLD Corp's partially owned Ghana gold mining unit, Owere Mines, has entered into an agreement with Australia's B&C Gold to purchase and process gold-bearing waste tailings.

LionGold owns a 77 per cent interest in ASX-listed gold mining company Signature Metals Limited, which in turn owns a 70 per cent stake in Owere Mines.

Under the agreement, Owere Mines will purchase from B&C a minimum of one million dry tonnes of gold-bearing waste tailings, which are potentially hazardous material left behind from old gold mining operations.