Business
Asante Gold Files Financial and Operating Results for the Quarter Ended July 31, 2024
VANCOUVER, British Columbia, Sept. 13, 2024 (GLOBE NEWSWIRE) -- Asante Gold Corporation (CSE:ASE | GSE:ASG | FRANKFURT:1A9 | U.S.OTC:ASGOF) (“Asante” or the “Co
About this update from Asante Gold Corporation
[{"type":"text","content":" VANCOUVER, British Columbia, Sept. 13, 2024 (GLOBE NEWSWIRE) -- Asante Gold Corporation (CSE:ASE | GSE:ASG | FRANKFURT:1A9 | U.S.OTC:ASGOF) (“Asante” or the “Company”) announces the filing of its financial statements and management’s discussion and analysis (“MD&A”) for the three month and six months ended July 31, 2024 (“Q2 2025”). Dave Anthony, President and CEO stated, “We are pleased to report a solid quarter with growth in consolidated adjusted EBITDA. This reflects positive developments at Bibiani and Chirano as we continue to implement business improvement initiatives at both mines, as well as a strong gold price environment. At Bibiani, relocation of the Bibiani-Goaso highway is a breakaway milestone and development of the Russel Starter Pit underlines the potential of the district scale opportunities we have in front of us, that go well beyond current operations. Execution of the Sulphide Project is advanced with planned completion in early 2025 at Bibiani and will lead to 92% gold recovery. At Chirano, the metallurgical and throughput projects are starting to pay off. We look forward to updating the market on our comprehensive non-dilutive finance initiatives to fund our growth initiatives, which are expected to bear fruit in the near term.” All dollar figures are in United States dollars unless otherwise indicated. A summary of the financial and operating results for fiscal Q2 2025 are presented in this news release. For a detailed discussion of results for the second quarter please refer to the MD&A filed on SEDAR+ at www.sedarplus.ca and Asante’s website at www.asantegold.com. Second Quarter 2025 Summary Financial Results ($000s USD) except as noted Q2 2025 Q2 2024 YTD 2025 YTD 2024 Financial Results Revenue 113,497 101,735 227,808 198,999 Total comprehensive loss1 (20,092) (52,037) (36,128) (98,666) Adjusted EBITDA2 19,844 (6,518) 32,870 (21,425) Operations Results Gold equivalent produced (oz) 46,979 57,625 100,359 108,997 Gold sold (oz) 48,542 52,661 102,226 104,422 Consolidated average gold price realized per ounce2 ($/oz) 2,338 1,934 2,228 1,906 AISC2 (USD) 1,921 2,321 1,897 2,262 Notes:(1) Total comprehensive loss attributable to shareholders of the Company.(2)&...