News IndustryThe Dugbe project could produce 2.27 million ounces of gold over 14 years, according to a 2022 feasibility study. The acquisition values Pasofino Gold at C$141.6 million ($103 million) in an all-cash deal. Mansa Resources, a subsidiary of Hummingbird Resources, signed an agreement on Monday, January 26, to acquire 100% of Canadian mining company Pasofino Gold, the operator of the Dugbe project in Liberia. The transaction values Pasofino at C$141.6 million, or about $103 million, and would place the future gold mine under the indirect control of Nioko Resources, owned by Burkinabè businessman Idrissa Nassa. Nioko Resources acquired full ownership of Hummingbird Resources in 2024, while Hummingbird already held about 51% of Pasofino through Mansa Resources.

Source: The North Africa Journal January 27, 2026 12:11 UTC