Asante Gold Corp. today announced that it has entered into an agreement with Clarus Securities Inc. as Lead Agent, on behalf of a syndicate of agents , in connection with a "best efforts" private placement of up to US$50,000,000 at C$1.80 per share . The Offering is expected to close on or about February 9, 2023, and is subject to a number of closing conditions including, but not limited to, the receipt of all necessary [...]
Asante Gold Corp. announces a 20.7% increase in average monthly gold production for November and December 2022, as compared with the prior two months, from its Bibiani Gold Mine and Chirano Gold Mine in Ghana. Highlights Continued its record of no lost time from injuries Consolidated preliminary gold production of 23,760 and 24,180 ounces respectively for November and December Completed final US$30 million deferred [...]
Asante Gold Corp. is pleased to announce results from its ongoing exploration drilling program at the South Russel and Aboduabo prospects located on our Bibiani - Chirano mines corridor on the Sefwi Greenstone Belt in Ghana. The Sefwi Greenstone Belt is host to significant gold mining operations including the Bibiani and Chirano mines which have produced +8Moz to date. Asante controls 53 km strike length of the corridor [...]
Asante Gold Corp. announces that the Company has completed its second quarterly tranche payment on its forward gold purchase agreement through the delivery of 14,113.51 ounces of gold at US$1,904.68 per ounce representing US$26,881,720.43. About Asante Gold Corporation Asante is a gold exploration, development and operating company with a high-quality portfolio of projects and mines in Ghana. Asante is currently operating [...]
Asante Gold Corp. today disclosed that it has formed an executive committee of the Board and engaged advisors to protect the interests of all shareholders against a group of dissident shareholders . The Executive Committee believes that the Dissidents are promoting their own interests, and that some may have obtained confidential information about Asante that is not available to all shareholders. Shareholders are [...]
Asante Gold Corp. announces the results of its annual meeting of shareholders held on December 21, 2022. At the Meeting, all matters presented for approval by management were duly authorized and approved, as follows: Fixing the number of Directors at nine ; Election of the directors as proposed in the Company's management information circular dated November 25, 2022 ; Appointment of Auditors; and Approving the Amended and [...]
Asante Gold Corp. today reported its operating and financial results for the three months ended October 31, 2022 and provides an update and status report for the initiatives the Company has undertaken at its Bibiani Gold Mine and Chirano Gold Mine in Ghana. All financial information provided in this news release is unaudited and dollar figures are Canadian dollars unless otherwise stated. Q3 HIGHLIGHTS No Lost Time [...]
Asante Gold Corp. is pleased to announce that the Company has completed the final payment to Resolute Mining Ltd. pursuant to an amendment letter agreement that was signed on August 24, 2022 . The amendment provided for a 90-day extension of time for the final tranche deferred payment of US$30 million in connection with the US$90 million acquisition of Mensin Gold Bibiani Limited, which subsidiary company owns a 90 [...]
Asante Gold Corp. is pleased to announce that the Bibiani Gold Mine ramp up remains on track and commercial production has been established with three months of consistent production since the first gold pour was completed in early July 2022. Operational highlights include: The first gold pour at Bibiani was completed July 7, 2022, two months ahead of schedule. Metallurgical performance and gold production is on track [...]
Asante Gold Corp. announces that the Company has completed the second US$10 million payment to Resolute Mining Ltd. pursuant to an amendment letter agreement that was signed on August 24, 2022 that provided for a 90 day extension of time for the final tranche deferred payment of US$30 million in connection with the US$90 million acquisition of Mensin Gold Bibiani Limited, which subsidiary company owns a 90% interest in [...]
Asante Gold Corp. is pleased to provide an update and status report for the initiatives the Company has taken at its Bibiani and Chirano Gold Mines in Ghana. The first gold pour at the Bibiani Gold Mine occurred on July 7, 2022, two months ahead of schedule. All process plant and mine facilities are operating on a 24 hour per day basis, with ~220,000 tonnes of ore treated in September. Asante plans to increase throughput [...]
Asante Gold Corp. is pleased to announce the filing of a technical report in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects in connection with the Company's recently acquired Chirano Gold Mine , located immediately south of the Company's Bibiani Gold Mine. The technical report entitled "NI 43-101 Technical Report, Chirano Gold Mine, Ghana, West Africa" dated September 30, 2022 [...]