Join Asante Gold to discuss their updated five-year outlook (2025-2029) highlighting rapid production growth, declining costs, and robust free cash flow generation from its flagship mines in Ghana.
Thu, May 8, 2025 at 11:00 AMendedReplay
Investor webinar replay
Meeting Overview The meeting focused on the current status and future outlook of Asante Gold, with presentations from CEO Dave Anthony and CFO David Weins. Key topics included production forecasts, cost reduction strategies, and updates on the Sulphide treatment plant and other mining operations. Key Discussion Points - Overview of Asante Gold's production history and future goals. - Current gold market conditions and their impact on the company's operations. - Detailed five-year outlook for production and cash flow from the Bibiani and Toronto mines. - Updates on the construction and commissioning of the Sulphide treatment plant. - Strategies for cost reduction and increased gold recovery rates. Decisions Made - No explicit decisions recorded. Action Items & Next Steps - [Unassigned] : Complete construction of the Sulphide treatment plant by June and begin operations in July. - [Unassigned] : Continue to optimize the Sulphide treatment plant to achieve 92% recovery by October. - [U...
Mr. Anthony is a resident of Canada and holds a BSc Mining and Mineral Process Engineering from Queen’s University. He has +40 years’ experience in mine project development and operation, at the senior management & executive levels. His experience includes mine and process plant design, permitting, construction and operation. He worked with Barrick in Africa for 10 years and became COO of African Barrick Gold. He has also worked in Canada, Ecuador, Brazil, Indonesia, Chile and Argentina to design, deliver and operate open pit and underground mine assets with CAPEX from $100M to $3.6B and with total material movement to 65Mt/y. Most recently, he was COO of Cardinal Resources Limited, prior to purchase by Shandong Gold for more than $500M, representing a premium of 400% to the unaffected price, after a bidding process. At the time, Cardinal was developing the 7 million oz (reserve & resource) Namdini Gold Mine.
Mr. Wiens is a seasoned mining executive with +20 years’ financial management experience across progressive corporate and investment banking roles in Canada and the UK. He has spent most of the last twelve years in finance, corporate development and investor relations roles with gold and silver producers, including over six years at SSR Mining Inc. when the company transitioned from a single asset silver producer to a diversified gold company. Recently he was Chief Financial Officer of Bunker Hill Mining Corp., where he delivered project financing for the mine restart, secured new strategic shareholders, uplisted and grew the company alongside a team of former Barrick executives. Previously, he was a mining investment banker at several financial institutions, including Deutsche Bank AG in London, UK. Mr. Wiens holds a Bachelor of Commerce from the University of British Columbia in Canada and is a CFA Charterholder.
Replay transcript excerpt
Speaker 1: Hello everyone and thank you for joining us today for this live Asante Gold event. Today we're joined by Dave Anthony, President and CEO, and David Weins, CFO of Asante Gold. And today Robert Dixon from Jet Capital Advisors will be moderating the Q&A session today. Just 2 small pieces of housekeeping before we begin. This event is being recorded Speaker 1: and will be made available shortly after we conclude. There's also a chat button in the bottom right corner of your screen. So you can ask questions there, but they will be addressed at the end of the event. With that said, I'll hand things over to you, Rob. Speaker 2: Thank you so much. I won't do a lot Speaker 2: of introductory comments at this point, other than the fact that I will be the host. Dave and Dave will be Speaker 2: managing the presentation part, but we will be doing Q&A at the end. Speaker 2: And we look forward to it. It's a very exciting time with gold being, you know, $3, 500 Speaker 2: an ounce. There's few opportunities that are as exciting as this 1. So with that, I will hand it over to Dave Anthony to take it away. And as I said, we'll be conducting calls or Speaker 2: questions Speaker 2: throughout the process. Speaker 3: Hey, thanks, Rob. Good to see you again. Speaker 3: And thanks, everybody, for joining. Speaker 3: I'm Dave Anthony. I am the CEO. Speaker 3: I've been with Asante since we did a pivot from Speaker 3: a small exploration company in 2021. Speaker 3: I've got about 45 years experience in the business of mining Speaker 3: and that includes some major companies like Kinross Speaker 3: and Barrick, Speaker 3: was Speaker 3: COO for African Barrick Gold Speaker 3: in Africa, but I'll leave that, that's enough for me. I'll introduce you to David Weins, who is our CFO....
