Asante Gold Secures Major $500M Forward Purchase Deal

Asante Gold (TSE:ASE) has released an update.

Asante Gold Corporation has secured a US$500 million gold forward purchase agreement with Fujairah Holdings, which will finance the company’s mining activities and completion of its sulphide treatment plant. The agreement involves a rotating financing of US$100 million over two years, with gold deliveries priced at a 7% discount to market rates. This strategic move is expected to boost Asante’s gold production significantly.

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