Asante Gold Corporation Archives

22 Jan

Bibiani Residents Protest Against Asante Gold Corporation Over Health And Safety Concerns

CUD WontumiNewsAsante Gold Corporation, Bibiani

Residents of Bibiani Old Town and Zongo in the Bibiani Anhwiaso Bekwai Municipality of the Western North Region have staged a protest against Asante Gold Corporation, demanding relocation due to severe health and safety concerns linked to the company’s mining activities. The residents highlighted the devastating impact of frequent blasting on their health and livelihoods. They reported that the blasts have caused significant structural damage to their homes, with walls and foundations developing cracks. Massive dust clouds generated by the blasts settle on their homes, food, and water sources, exacerbating health risks. Speaking to the media, protesters shared accounts of…

08 Apr

Asante Gold Makes Significant Gold Intercepts At Aboduabo

wontumionlineBusinessAsante Gold Corporation

Asante Gold Corporation has announced additional results from its ongoing exploration drilling program at the Aboduabo prospect located on our Bibiani - Chirano mines corridor, Sefwi Greenstone Belt, Ghana. These latest results extend the footprint of the prospect to the north and include significant intercepts down plunge in multiple mineralized structures, which highlight the strong upside potential of the deposit. The intercepts are consistent with those previously encountered in both grade and thickness, and gold mineralization remains open along strike and at depth, within favourable geology. Dave Anthony, President and CEO stated, “The results from our exploration drilling at Aboduabo…

22 Feb

Minerals Income Investment Fund Grows Beyond ¢3bn

wontumionlineBusinessAsante Gold Corporation, MIIF

....Outperforms global markets in 2022 The Minerals Income Investment Fund (MIIF) has in its performance update for 2022 said, it now has ¢3.2 billion in Assets Under Management (AUM) and is targeting ¢5 billion by the end of 2023. The fund grew assets by a whopping 87.4% from 2021 figures which stood at ¢1.7 billion. People with knowledge of the fund’s intimate workings say with Lithium and Salt investments penned for 2023, the US$500 million mark or at least ¢5 billion is very much within view. MIIF’s performance update has been achieved on the back of innovative strategies which led…

06 Feb

5 Injured As Bibiani Zongo Residents Clash With Asante Gold Corporation Security Men

wontumionlineNewsAsante Gold Corporation, Bibiani Zongo residents

Some residents of Bibiani Zongo have clashed with the military guards of Asante Gold Corporation. Five persons have been injured as a result of the clash. According to Adom News’ Augustine Boah, the five injured persons are currently responding to treatment at the Bibiani Government Hospital. Out of the five injured persons, two sustained gunshot wounds and the remaining three had minor injuries. Speaking with the Assemblyman of the area, he stated that some residents of Bibiani went to the Asante Gold Corporation premises to pick up some materials termed as “black” but they were ordered by the military to…

23 Jan

Asante Gold Projects US$772m Revenue In 2023; Targets 400,000 Oz Of Gold From Bibiani, Chirano

wontumionlineBusinessAsante Gold Corporation

Asante Gold Corporation, a Canadian-based gold mining company, is forecasting a combined production of approximately 400,000 ounces of gold for 2023 from its Bibiani and Chirano mines. This should result in some US$771.6million – pegged at US$1,929.02 per ounce as of January 19, 2023 world market prices. Asante’s recent increase in gold production is a positive sign for the company’s future, particularly its focus on exploration and expanding its mining operations. In an update to investors, Asante noted a significant increase in gold production for the months of November and December 2022 – with an average monthly production increase of…