Asante Gold (TSE:ASE) has released an update.
Asante Gold Corporation has announced a $525 million financing package aimed at fully funding its growth plans and addressing short-term liabilities in its Bibiani and Chirano gold projects in Ghana. This financing is expected to support Asante’s ambition to increase gold production to over 500,000 ounces annually by 2028, significantly reducing costs in light of the ongoing gold bull market. The package includes equity placements, refinancing agreements, and bonds, marking a pivotal moment in Asante’s strategic expansion.
For further insights into TSE:ASE stock, check out TipRanks’ Stock Analysis page.
