Asante Gold is pleased to announce the appointment of Adriano Sobreira as Vice President, Operations. Asante has also appointed Juliet Manteaw-Kutin as General Counsel to lead the Company’s legal, compliance, ethics and governance functions. Mr. Sobreira has 40 years’ international experience in the mining industry with extensive expertise delivering safety, cost and productivity initiatives. Prior to joining Asante [...]
Asante Gold is pleased to announce that, further to its news release dated April 25, 2022, it has closed the acquisition of all of the issued and outstanding shares in the capital of Red Back Mining Pty Ltd, which indirectly holds a 90% interest in the Chirano Gold Mine pursuant to a share purchase and sale agreement dated April 24, 2022, as amended, among the Company, KG Africa B.V., an indirect subsidiary of Kinross [...]
Asante Gold is pleased to announce that, further to its news release dated April 25, 2022, it has closed the acquisition of all of the issued and outstanding shares in the capital of Red Back Mining Pty Ltd, which indirectly holds a 90% interest in the Chirano Gold Mine pursuant to a share purchase and sale agreement dated April 24, 2022, as amended, among the Company, KG Africa B.V., an indirect subsidiary of Kinross [...]
Asante Gold is pleased to announce preparation of an updated NI 43-101 Technical Report for the Bibiani Gold Mine, operated by Mensin Gold Bibiani, a 90% owned Ghana subsidiary of Asante. The 2022 Technical Report has been prepared to the level of confidence of a Pre-Feasibility Study and will be filed on the Company’s SEDAR profile within 45 days. The 2022 Technical Report when filed will supersede the previous Bibiani [...]
Asante Gold announces that effective July 15, 2022 the Company has completed the first US$100 million tranche of a US$140 million financing package from strategic financial institutions in Ghana. The initial drawdown of US$100 million will be used to cover local operating costs and the Company’s near-term broader funding and strategic objectives. Repayment terms are to be 25% of the principal and interest in four equal [...]
Asante Gold Corp. is pleased to announce that the first gold pour at the Bibiani Gold Mine has been completed successfully with process of gravity gold concentrate recovered by the Knelson Concentrator. Asante acquired the Bibiani Gold Mine in August 2021 and completed its project execution plan that included refurbishment and upgrade of the Process Plant, Tailings Storage Facility and Mine Site Infrastructure. In [...]
Asante Gold is pleased to announce that further to its application for a secondary listing by introduction on the Main Market of the Ghana Stock Exchange, the Company has received final approval from the Ghana Securities and Exchange Commission and the Ghana Stock Exchange to commence trading. Trading will commence under the symbol ‘ASG’ at the opening on June 29, 2022. A copy of the *Prospectus “SECONDARY LISTING BY [...]
Asante Gold Corp. is pleased to announce the successful refurbishment, commissioning and start of operation of the Process Plant and associated equipment at the Bibiani Gold Mine. Following an intensive period of refurbishment and upgrade of the Process Plant, principal equipment has been commissioned and confirmed operational. A 14-day period of intermittent operation is planned to test controls, calibrate operating [...]
Asante Gold announces that the closing of its previously-announced acquisition of the Chirano Gold Mine has been temporarily delayed pending resolution of certain outstanding administrative matters. Following resolution and completion of such matters, the Company expects to proceed to closing of the Chirano Acquisition. All material terms of the Chirano Acquisition remain the same.
Asante Gold is pleased to announce the successful refurbishment and operation of the primary crusher and associated equipment at the Bibiani Gold Mine. Stockpiling of crushed ore to support the imminent commencement of processing will continue for several weeks, while downstream process plant equipment is commissioned and confirmed operational. The Bibiani Gold Mine came out of care and maintenance in September 2021 and [...]
Asante Gold Corp. is pleased to announce that it has entered into a share purchase agreement with Kinross Gold Corp. to acquire Kinross' 90% interest in the Chirano Gold Mine for a total consideration of US$225 million . The Ghanaian government retains a 10% carried interest in Chirano. The upfront consideration for the Chirano Acquisition will be comprised of US$115 million in cash and US$50 million in common shares of [...]
Asante Gold Corp. is pleased to announce that it has entered into an Exclusivity Agreement with Kinross Gold Corp. to negotiate the potential purchase of all of their interests in Ghana , including its 90% interest in the Chirano Gold Mine . Chirano is an open-pit and underground mining operation located in southwestern Ghana, immediately south of the Company's Bibiani Gold Mine. It is 90% owned by Toronto-based [...]
