Asante Gold Corp. is pleased to report a significant ramp-up in activity to accelerate growth initiatives at Bibiani, supported by the immediate deployment of proceeds from the initial US$100 million gold forward sale. Highlights Acceleration of stripping activities at the Main pit and the Russel pit, with 300% increase in monthly material movement expected by June 2025 compared to recent levels Sulphide treatment plant [...]
Asante Gold Corp. today announced the completion of a Definitive Feasibility Study assessing the technical and financial viability of extending the life of the Bibiani Mine through future underground operations. All dollar figures are in United States dollars unless otherwise indicated. "We are pleased to confirm the potential for an underground mine development with initial life of seven years at Bibiani. This will [...]
Asante Gold Corp. announces the appointment of Alireza Abbassi Monjezi to the Company's board of directors and the resignation of Mohammad Alothman as a director of the Company, all with immediate effect. Dr. Alireza Abbassi Monjezi is a UK national. He obtained his PhD in Chemical Engineering from the University of Surrey and commenced his career as an academic researcher with positions at Queen Mary University of London [...]
Asante Gold Corp. announces that its subsidiary Asante Gold Bibiani Ltd. , which owns the Bibiani mine, has entered into an agreement with Fujairah Holdings LLC for the forward sale of US$500 million in gold which will provide US$100 million of financing to the Company on a revolving basis over a period of approximately two years on terms described below. Dave Anthony, President and CEO stated, "We are pleased to announce [...]
Asante Gold Corp. announces the filing of its financial statements and management's discussion and analysis for the three month and nine months ended October 31, 2024 . Dave Anthony, President and CEO stated, "We are pleased to report another solid quarter with significant growth in adjusted EBITDA, reflecting the positive impact of ongoing business improvement initiatives at Bibiani and Chirano, combined with the [...]
Asante Gold Corp. is pleased to announce that on Friday, November 15, 2024, the Company closed the second tranche of US$35 million of the previously announced US$100 million non-brokered private placement . "Subsequent to the Company's financing package announcement on October 30th, several Ghanaian service providers embraced the opportunity to participate in the private placement. Therefore, the second tranche of our [...]
? Package to Fully Fund Transformational Growth Plan at Bibiani and Chirano, Ghana ? CEO Dave Anthony and CFO David Wiens to host live, interactive webinar at 8:00 am Pacific time / 11:00 am Eastern time on Monday, November 4th. Investors are invited to register at the link below. VANCOUVER, British Columbia, Oct. 30, 2024 -- Asante Gold Corp. is pleased to provide an update on a planned financing package of $525 million [...]
Asante Gold Corp. is pleased to announce that the Company has closed the first tranche of US$25 million of the previously announced US$100 million non-brokered private placement with the issuance of 22,666,667 common shares. The second and third tranches of the Offering, consisting of US$35 million and US$40 million, are expected to be completed on or about November 14, 2024 and December 5, 2024, respectively. The [...]
Asante Gold Corp. announces that further to the Company's press release of September 24, 2024 that announced a US$100 million non-brokered private placement with the first tranche of US$25 million scheduled to close on October 15, 2024, closing of the first tranche of the Offering has been delayed due to foreign exchange conversion challenges. Asante confirms that US$14 million of the first tranche of the Offering has [...]
Asante Gold Corp. is pleased to announce that it has entered into an equity financing agreement with a strategic investor, pursuant to which Asante will sell, on a non-brokered private placement basis, 90,666,667 common shares at a purchase price of C$1.50 for aggregate gross proceeds of C$136 million . Closing of the Offering will occur in three tranches, with the first tranche in the amount of US$25 million scheduled to [...]
Asante Gold Corp. is pleased to announce that, following receipt of all necessary permits from Ghanaian authorities, delivery of first mineralized material from the Russel Starter Pit to the Process Plant at the Bibiani Gold Mine has been achieved. Located 3.8 kilometres from the Bibiani process plant, the Russel deposit contains 119,000 ounces of measured and indicated gold resources at a grade of 1.80 grams per tonne [...]
Asante Gold Corp. is pleased to announce that it has received approval from the Securities and Exchange Commission of Ghana and the Ghana Stock Exchange for the filing of a base shelf prospectus in Ghana. This approval implies that the Company will be permitted to offer up to US$400 million of debt securities in one or more tranches during the life of the bond program. A copy of the Base Shelf Prospectus may be found on [...]
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