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Asante Provides Financial and Operating Results for the Quarter Ended October 31, 2025
VANCOUVER, British Columbia, Dec. 11, 2025 (GLOBE NEWSWIRE) -- Asante Gold Corporation (TSX-V:A...
About this update from Asante Gold Corporation
[{"type":"text","content":"Asante Provides Financial and Operating Results for the Quarter Ended October 31, 2025\n\n\n\n VANCOUVER, British Columbia, Dec. 11, 2025 (GLOBE NEWSWIRE) --\n \n Asante Gold Corporation (TSX-V:ASE | GSE:ASG |\n \n\n OTCQX:ASGOF)\n \n (“Asante” or the “Company”) announces the filing of its financial statements and management’s discussion and analysis (“MD&A”) for the three months and nine months ended October 31, 2025 (“Q3 2026”).\n \n\n Dave Anthony, President and CEO, stated,\n \n\n “Asante continued with initiatives to advance open pit and underground mining activities at Bibiani and underground development at Chirano during the quarter. However, the mining contractor encountered difficulty mobilizing equipment as committed for Bibiani. Therefore, waste stripping and delivery of higher-grade ore did not proceed as planned. At Chirano, delivery of mining equipment to support the planned ramp-up did not progress as planned, resulting in slightly lower gold production during the quarter.\n \n\n “As we progress into Q4, several initiatives are now in place, which we believe will result in increased gold production. The mining contractor at Bibiani is fully mobilized and sub-contractors engaged effectively. Delivery of new mining equipment to Chirano is now advanced and as of early December, accelerated development of the underground workings is in progress. This has resulted in a significant increase in equipment availability and effectiveness at both of our mines.\n \n\n “The Sulphide Treatment Plant (“STP”) commenced operation in late September and has been working in good order. However, the oxygen plant was delivered 10 weeks late and started operation in early December. Therefore, gold recovery in the quarter was much lower than planned. As a result, gold production at Bibiani has lagged behind expectations. The oxygen plant at Bibiani has now commenced operation and as a result, gold recovery from the sulphide flotation concentrate has increased from 60% to approximately 90%.\n \n\n “We are pleased to note that material movement and gold production targets for 2026 and beyond are considered achievable.”\n \n\n All dollar figures are in United States dollars unless otherwise indicated. A summary of the financia...