Asante Gold Corp. is pleased to announce that it has received the second US$100 million advance from Fujairah Holdings LLC , as scheduled under the Gold Forward Agreement described in the Company's news release of December 19, 2024. Asante has also secured a US$10 million bridge loan facility from a leading financial institution in Ghana, which is expected to make a substantially larger credit commitment as part of the [...]
Asante Gold Corp. announces with great sadness that Carsten Korch, a valued member of the Asante board of directors, has passed away. Carsten Korch had been a director of the Company since July 2020. He served as a member of the Company's Audit Committee and Compensation, Governance and Nominating Committee and led the ESG Committee. Throughout his tenure he made valuable contributions to the Board. A Danish national [...]
Asante Gold is pleased to announce an updated five-year outlook highlighting rapid production growth, declining costs, and robust free cash flow generation from its flagship mines in Ghana. The Chirano outlook also incorporates increased mineral reserves, marking the second consecutive year of mine life extension since acquisition by Asante. HIGHLIGHTS Annual production from Bibiani and Chirano anticipa...
Asante Gold announces the filing of its audited financial statements and management's discussion and analysis for the fiscal year ended Jan 31, 2025. A summary of the financial and operating results for fiscal 2025 are presented in this news release. For a detailed discussion of results for the full fiscal year and the fourth quarter, please refer to the Management's Discussion and Analysis filed on SEDAR+ and Asante's [...]
Asante Gold 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 [...]
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