Shanta completes acquisition of Barrick’s Kenya assets

East Africa-focused Shanta Gold has completed the acquisition of gold major Barrick’s Kenya subsidiary and is now turning its focus to integrating the assets into its portfolio.

The Aim-listed miner in February announced the acquisition of Acacia Exploration (Kenya) (AEKL) from Barrick in a cash-and-share transaction.

AEKL’s primary asset is a 100% interest in licences, which includes an existing high-grade NI 43-101-compliant resource at the West Kenya project.