Core Viewpoint - The Supreme Court of Ghana's recent ruling regarding the Bogoso-Prestea Mine is being misrepresented in the media, as it primarily addressed procedural issues rather than the merits of Blue Gold's claims [1][2]. Legal Proceedings - On November 18, 2025, the Supreme Court dismissed an order for certiorari from FGR Bogoso Prestea Ltd. and Blue Gold Bogoso Prestea Ltd., indicating that the High Court's denial of jurisdiction was not properly addressed [2]. - Blue Gold has a pending Judicial Review appeal and a Human Rights claim scheduled for hearing on December 18, 2025, in the High Court [3]. - An international arbitration against Ghana is ongoing, with damages sought estimated to exceed $1 billion [3]. Company Strategy - Blue Gold is focused on achieving an amicable settlement with Ghana and has allocated funds for immediate investment into the mine upon reaching an agreement [4]. - The company aims to unlock value in the gold sector through disciplined resource acquisition and innovative monetization models, including asset-backed digital instruments [5]. Commitment to Responsible Practices - Blue Gold emphasizes growth, sustainable development, and transparency in its operations, aiming to create shareholder value while minimizing environmental impact [6].
Blue Gold Clarifies Position of Ghana Supreme Court Ruling
Globenewswire·2025-11-21 20:40