Business
Asante Gold Provides Financial and Operating Results for the Quarter Ended March 31, 2026
Key Highlights Campbell Baird appointed as Chief Operating Officer and subsequent to the quarter, appointed Acting Chief Executive Officer. Q1 group gold
About this update from Asante Gold Corporation
[{"type":"text","content":" Key Highlights Campbell Baird appointed as Chief Operating Officer and subsequent to the quarter, appointed Acting Chief Executive Officer. Q1 group gold production of 59,800 equivalent ounces at All-In-Sustaining-Cost (“AISC”) of $3,886 per equivalent ounce. Monthly average gold production in Q1 approx. 20,000 equivalent ounces, more than 50% increase on 2025 monthly average of ~13,000 equivalent ounces. Record quarterly revenue of $300.4 million and gross profit of $60.5 million. Significant investment undertaken in new mining fleet and plant upgrades in Q1. Strategic operational review of Bibiani and Chirano ongoing; focused on increasing operational reliability and driving additional production growth. VANCOUVER, British Columbia, May 19, 2026 (GLOBE NEWSWIRE) -- Asante Gold Corporation (TSX.V:ASE | GSE:ASG | FRA:1A9 | OTCQX:ASGOF) (“Asante” or the “Company”) announces the filing of its financial statements and management’s discussion and analysis (“MD&A”) for the three months ended March 31, 2026 (“Q1 2026”). All dollar figures are in United States dollars unless otherwise indicated. Corporate Leadership UpdateAs announced today (refer Asante news release dated May 19, 2026, Asante Gold Corporation Announces Appointment of Acting Chief Executive Officer), following his appointment as Chief Operating Officer in March 2025, Campbell Baird has been appointed as Acting Chief Executive Officer (“CEO”). During the quarter, the Board also retained Kevin Tomlinson and Michele Muscillo as advisors to support governance, capital and technical initiatives (refer Asante news release dated March 11, 2026). Mr. Baird’s direct involvement during the period, supported by independent technical and capital advisors, provides continuity as the Company finalizes revised operating plans, advances liquidity and stabilization measures. This appointment coincides with the previously announced retirement of Dave Anthony as President and CEO of Asante, which was announced March 11, 2026, and which became effective May 15, 2026. Comment from Acting Chief Executive Officer Campbell Baird, Acting CEO, stated, “I am honoured to be appointed Asante’s CEO. The growth opportunity in front of Asante is substantial, and I look forward to driving consistency of performance into the business as we pursue the full scope of short- and long-term potenti...