Asante Provides Financial and Operating Results for the
From GlobeNewswire: 2025-06-06 20:30:00
Asante Gold Corporation announced the filing of financial statements for Q1 2026, reporting a significant increase in stripping operations at Bibiani. Revenue for the quarter ended April 30, 2025 was $142 million, a 24% increase from the same period in 2024. Adjusted EBITDA for Q1 2026 was $30,664, reflecting higher gold prices. Bibiani Mine saw a 291.4% increase in total material mined, with 17,241 gold equivalent ounces produced. AISC increased by 58% due to additional costs. Chirano Mine reported 34,671 gold equivalent ounces produced, with AISC at $2,587 per ounce. Plans for both mines include optimizing operations and executing growth strategies.
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