Asante Gold (TSE:ASE) has released an update.
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Asante Gold Corporation is on track to boost production at the Bibiani Gold Mine, aiming for over 250,000 ounces yearly and 1.2 million ounces over five years, thanks to a new Sulphide Recovery Plant expected to arrive in August 2024. This plant is anticipated to significantly increase gold recovery rates from 70% to 92%, thereby enhancing profitability and reducing overall costs. With 50% of the plant’s civil works completed and equipment ready for shipment, Asante expects to produce around 20,000 ounces of gold monthly, aligning with its strategic mine plan.
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