Breakdown | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
---|---|---|---|---|---|
Income Statement | |||||
Total Revenue | 458.88M | 575.18M | 274.73M | 0.00 | 0.00 |
Gross Profit | -13.32M | -142.27M | -81.20M | -1.17M | 0.00 |
EBITDA | 52.30M | -22.40M | -56.94M | -7.32M | -58.39K |
Net Income | -75.20M | -132.15M | -177.13M | -8.48M | -683.00K |
Balance Sheet | |||||
Total Assets | 721.11M | 915.64M | 977.63M | 226.85M | 6.32M |
Cash, Cash Equivalents and Short-Term Investments | 27.38M | 5.33M | 9.02M | 13.36M | 479.10K |
Total Debt | 17.90M | 66.48M | 46.99M | 1.48M | 2.31M |
Total Liabilities | 686.27M | 858.67M | 845.02M | 133.02M | 2.79M |
Stockholders Equity | 17.71M | 29.49M | 97.32M | 81.79M | 3.53M |
Cash Flow | |||||
Free Cash Flow | 37.00M | -42.58M | 25.57M | -33.93M | -1.55M |
Operating Cash Flow | 158.56M | 65.20M | 245.89M | -2.27M | -756.05K |
Investing Cash Flow | -131.55M | -119.28M | -372.02M | -75.48M | -797.91K |
Financing Cash Flow | -3.96M | 52.12M | 119.95M | 82.34M | 2.03M |
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
---|---|---|---|---|---|---|---|
75 Outperform | C$448.70M | 5.61 | 25.03% | ― | 41.30% | 340.97% | |
69 Neutral | C$584.01M | 5.87 | 25.43% | ― | 22.51% | 56.77% | |
61 Neutral | C$437.82M | 64.72 | -7.13% | ― | 644.76% | -80.13% | |
52 Neutral | C$776.77M | ― | -2232.66% | ― | 13.51% | 3.80% | |
48 Neutral | C$527.12M | ― | 105.38% | ― | ― | -97.12% | |
44 Neutral | C$953.01M | -6.70 | -13.31% | 2.79% | 17.55% | -32.28% | |
41 Neutral | C$630.16M | ― | -357.27% | ― | ― | -138.15% |
Asante Gold Corporation has announced a C$206 million bought deal private placement of subscription receipts as part of a larger US$470 million financing package. This move, led by BMO Capital Markets and involving a syndicate of underwriters, aims to bolster the company’s financial position and support its operational growth, potentially impacting its market standing and stakeholder interests.
Asante Gold Corporation announced it has secured $470 million in credit and equity commitments, which will fully fund its growth plans and recapitalize short-term liabilities. The financing package includes contributions from Appian Capital Advisory and FirstRand Bank, and it is expected to support the company’s goal of producing over 500,000 ounces of gold annually by 2028. Additionally, Asante has received conditional acceptance for listing on the TSX Venture Exchange, which is anticipated to enhance liquidity and investor exposure.
Asante Gold Corporation reported a 24% increase in revenue for the quarter ended April 30, 2025, driven by higher gold prices despite a lower volume of gold sold. The company achieved an adjusted EBITDA of $30.7 million, reflecting the impact of record-high gold prices. However, the quarter also saw a decrease in gold production due to lower feed grades at Bibiani and a significant increase in consolidated AISC, attributed to increased stripping costs and lower-grade ore at Bibiani, as well as higher sustaining capital expenditures at Chirano.
Asante Gold Corporation has received a second US$100 million advance from Fujairah Holdings LLC and secured a US$10 million bridge loan from a leading financial institution in Ghana. These funds will be used to expand the Bibiani Mine and complete the sulphide treatment plant, with commissioning expected in July 2025. The company has also received conditional credit commitments exceeding US$250 million as part of its ongoing financing process, which it aims to finalize by the end of July 2025. This financial boost is expected to enhance Asante’s operational capabilities and strengthen its position in the gold mining industry.
Asante Gold Corporation mourns the passing of Carsten Korch, a valued board member since 2020, who contributed significantly to the company’s governance and sustainability efforts. His death is a loss to the company, which will honor his legacy by continuing to focus on sustainability and positive impact, reflecting Korch’s commitment to these values.
Asante Gold Corporation has released an updated five-year outlook projecting significant growth in gold production and financial performance. The company anticipates annual production to exceed 500,000 ounces by 2028 and expects to generate over $2 billion in unlevered free cash flow between 2025 and 2029. This growth is supported by increased mineral reserves, advanced construction of a sulphide treatment plant, and lower all-in sustaining costs. The outlook underscores Asante’s strong positioning to leverage rising gold prices and highlights substantial opportunities for resource expansion and mine life extension.
Asante Gold Corporation reported an 8% increase in revenue for the fiscal year ended January 31, 2025, driven by higher gold prices amid a bull market, despite a decrease in gold production due to lower feed grades. The company is advancing its growth strategy with projects like the sulphide treatment plant, aiming to enhance production capabilities and create lasting value for stakeholders.