Asante Announces US$140M Forward Gold Purchase Agreement
Through this facility Asante obtains an immediate and non-dilutive financing, repayable from gold production.
- Through this facility Asante obtains an immediate and non-dilutive financing, repayable from gold production.
- Asante is a gold exploration, development and operating company with a high-quality portfolio of projects in Ghana.
- Asante is currently operating the Bibiani Gold Mine with forecast production of 175,000 oz of gold over the next 12 months, is completing the acquisition of the Chirano Gold Mine from Kinross Gold Corporation (the Chirano Acquisition), and is developing to production its Kubi Gold mine, all located on the prolific Bibiani and Ashanti Gold Belts.
- Bibiani is a historically significant gold mine situated in the western region of Ghana, with previous gold production close to 5 Moz.