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Asante Gold
(ASE)
Asante Gold (ASE) vs. iShares MSCI Canada ETF (EWC)
Asante Gold Business Overview & Revenue Model
Asante Gold Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 544.84M | 458.88M | 575.18M | 274.73M | 0.00 | 0.00 |
| Gross Profit | -15.36M | -13.32M | -142.27M | -81.20M | -1.17M | 0.00 |
| EBITDA | 52.30M | 52.30M | -22.40M | -56.94M | -7.32M | -58.39K |
| Net Income | -83.40M | -75.20M | -132.15M | -177.13M | -8.48M | -683.00K |
Balance Sheet | ||||||
| Total Assets | 721.11M | 721.11M | 915.64M | 977.63M | 226.85M | 6.32M |
| Cash, Cash Equivalents and Short-Term Investments | 27.38M | 27.38M | 5.33M | 9.02M | 13.36M | 479.10K |
| Total Debt | 17.90M | 17.90M | 66.48M | 46.99M | 1.48M | 2.31M |
| Total Liabilities | 686.27M | 686.27M | 858.67M | 845.02M | 133.02M | 2.79M |
| Stockholders Equity | 17.71M | 17.71M | 29.49M | 97.32M | 81.79M | 3.53M |
Cash Flow | ||||||
| Free Cash Flow | 48.64M | 37.00M | -42.58M | 25.57M | -33.93M | -1.55M |
| Operating Cash Flow | 182.77M | 158.56M | 65.20M | 245.89M | -2.27M | -756.05K |
| Investing Cash Flow | -144.13M | -131.55M | -119.28M | -372.02M | -75.48M | -797.91K |
| Financing Cash Flow | 4.14M | -3.96M | 52.12M | 119.95M | 82.34M | 2.03M |
Asante Gold Technical Analysis
Asante Gold Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | ― | ― | ― | ― | 41.30% | 340.97% | |
76 Outperform | C$801.17M | 6.84 | 27.51% | ― | 41.20% | 77.86% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
61 Neutral | $829.70M | -92.24 | -2.27% | ― | 196.74% | -165.78% | |
49 Neutral | C$1.02B | -6.57 | ― | ― | 7.16% | -134.37% | |
48 Neutral | ― | ― | ― | ― | ― | -97.12% | |
41 Neutral | C$722.21M | -9.68 | -731.34% | ― | ― | -41.31% |
Asante Gold Corporate Events
Asante Gold Corporation has announced details regarding its upcoming shareholder meeting, emphasizing the importance of shareholder votes on several key resolutions, including the election of directors and approval of equity incentive and employee share purchase plans. Due to a postal strike in Canada, the company has made proxy materials available online, urging shareholders to access these documents electronically to ensure their participation in the meeting.
The most recent analyst rating on (TSE:ASE) stock is a Hold with a C$1.50 price target. To see the full list of analyst forecasts on Asante Gold stock, see the TSE:ASE Stock Forecast page.
Asante Gold Corporation has announced the details of its upcoming shareholder meeting, which will occur on October 21, 2025, in Toronto. Due to a national labor strike affecting Canada Post, the company has made all proxy-related materials available online through SEDAR+ and its website. Shareholders will vote on several resolutions, including the election of directors and approval of equity incentive and share purchase plans. The company emphasizes the importance of shareholder participation and provides multiple voting options to accommodate different shareholder needs.
The most recent analyst rating on (TSE:ASE) stock is a Hold with a C$1.50 price target. To see the full list of analyst forecasts on Asante Gold stock, see the TSE:ASE Stock Forecast page.
Asante Gold Corporation announced that Kinross Gold Corporation has converted its secured convertible debenture into common shares of Asante, amounting to approximately US$80 million. This conversion strengthens Asante’s balance sheet by eliminating debt, allowing the company to focus on advancing its expansion projects at the Bibiani and Chirano mines, aiming to grow high-grade gold ounces and create long-term shareholder value.
The most recent analyst rating on (TSE:ASE) stock is a Hold with a C$1.50 price target. To see the full list of analyst forecasts on Asante Gold stock, see the TSE:ASE Stock Forecast page.
Asante Gold Corporation has provided an update on its exploration activities at the Bibiani and Chirano Gold Mines for 2025. The company has made significant progress in extending mine life and identifying new resource growth opportunities, particularly at the Obra and Suraw underground sites. The exploration results have been promising, with high-grade mineralization confirmed, supporting long-term planning and potential production strategies. The company has allocated over $9 million from its recent $500 million financing to accelerate exploration efforts, which are expected to impact future technical reports and enhance Asante’s industry positioning.
The most recent analyst rating on (TSE:ASE) stock is a Hold with a C$1.50 price target. To see the full list of analyst forecasts on Asante Gold stock, see the TSE:ASE Stock Forecast page.
Asante Gold Corporation has announced the commencement of operations at its Bibiani sulphide plant in Ghana, marking a significant milestone in its strategic plan to enhance gold recovery and production. The plant, which began 12-hour operations on September 27, 2025, is expected to transition to 24-hour operations by September 30, 2025, with optimization efforts aiming to achieve a gold recovery rate of 92% by late October 2025. This development is part of Asante’s broader strategy to increase its gold production to 450,000 to 500,000 ounces annually, strengthening its position as a mid-tier gold producer.
The most recent analyst rating on (TSE:ASE) stock is a Hold with a C$1.50 price target. To see the full list of analyst forecasts on Asante Gold stock, see the TSE:ASE Stock Forecast page.
Asante Gold Corporation has announced that its common shares will begin trading on the TSX Venture Exchange under the symbol ASE. This move marks a significant step in the company’s growth strategy, potentially enhancing its visibility and accessibility to investors. The commencement of trading on the TSXV is expected to positively impact Asante’s market positioning and provide additional opportunities for investment and expansion in the gold mining sector.
The most recent analyst rating on (TSE:ASE) stock is a Hold with a C$1.50 price target. To see the full list of analyst forecasts on Asante Gold stock, see the TSE:ASE Stock Forecast page.
Asante Gold Corporation has announced that its common shares will begin trading on the TSX Venture Exchange, effective September 24, 2025, while voluntarily delisting from the CSE. This transition is expected to enhance the company’s visibility and liquidity by reaching a broader investor base, potentially leading to a significant re-rating of its shares. The listing on the TSXV marks a strategic milestone for Asante, aligning with its growth objectives and strengthening its position in the gold mining industry.
The most recent analyst rating on (TSE:ASE) stock is a Hold with a C$1.50 price target. To see the full list of analyst forecasts on Asante Gold stock, see the TSE:ASE Stock Forecast page.
Asante Gold Corporation reported its second quarter 2026 financial results, highlighting the impact of capital constraints on its operations at Bibiani and Chirano. However, with a completed $500 million financing package, the company is poised for rapid production growth, driven by improved equipment availability and increased plant throughput. The commissioning of a new sulphide treatment plant at Bibiani is expected to significantly enhance gold recovery rates, aligning with Asante’s goal to boost annual production to approximately 450,000 ounces by next year. The company also anticipates meeting conditions for listing on the TSX Venture Exchange, which could provide greater exposure and liquidity for shareholders.
The most recent analyst rating on (TSE:ASE) stock is a Hold with a C$1.50 price target. To see the full list of analyst forecasts on Asante Gold stock, see the TSE:ASE Stock Forecast page.
Asante Gold Corporation has successfully completed a $500 million financing package, including a $125 million second utilization under its senior debt facility. This capital will support growth plans for the Bibiani and Chirano mines, targeting over 500,000 ounces of gold production annually by 2028. The company has also implemented a price protection program to safeguard against gold price fluctuations during a critical operational ramp-up period, ensuring financial stability while remaining open to potential gold price increases.
The most recent analyst rating on (TSE:ASE) stock is a Hold with a C$1.50 price target. To see the full list of analyst forecasts on Asante Gold stock, see the TSE:ASE Stock Forecast page.
Asante Gold Corporation announced the receipt of net proceeds from a $125 million mezzanine facility, a $50 million gold stream financing, a $10 million non-brokered private placement, and a $5 million senior debt first utilization. This marks the completion of the first stage of funding, totaling approximately $350 million, under a $500 million financing package. The funds will be used for development and growth expenditures at the Bibiani and Chirano mines, a cash payment to Kinross, retirement of short-term liabilities, and general working capital. The completion of this financing package is expected to enhance Asante’s operational capabilities and strengthen its position in the gold mining industry.
Asante Gold Corporation has successfully completed a C$237 million equity offering and restructured its obligations with Kinross Gold Corporation. The proceeds from the offering, along with other financing arrangements, will be used for development and growth at the Bibiani and Chirano mines, as well as for general working capital. This strategic financial maneuver is expected to strengthen Asante’s operational capabilities and market position in the gold mining industry.
Asante Gold Corporation has signed definitive agreements to secure approximately $500 million in financing, which includes a senior debt facility, a mezzanine facility, and a gold stream financing. The funds will be used for development at the Bibiani and Chirano mines in Ghana, settling obligations with Kinross Gold Corporation, and general working capital, positioning Asante for significant growth and operational expansion.