{"id":243881,"date":"2024-11-01T13:49:36","date_gmt":"2024-11-01T13:49:36","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/11\/01\/asante-gold-announces-us525-million-ghana-investment-plan\/"},"modified":"2024-11-01T13:49:36","modified_gmt":"2024-11-01T13:49:36","slug":"asante-gold-announces-us525-million-ghana-investment-plan","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/11\/01\/asante-gold-announces-us525-million-ghana-investment-plan\/","title":{"rendered":"Asante Gold announces US$525 million Ghana investment plan"},"content":{"rendered":"<p><\/p>\n<div id=\"the-post\">\n<p>\t\t<!-- .share-buttons \/--><\/p>\n<div class=\"entry-content entry clearfix\">\n<p><span class=\"tie-dropcap \"><span style=\"color: #ab0303;\"><strong>A<\/strong><\/span><\/span>sante Gold Corporation has announced a US$525 million investment package to fund its growth plans and gold production facilities in Ghana.<\/p>\n<p>The investment will be deployed in two phases, starting with US$325 million aimed at advancing the Bibiani and Chirano Mines as from the end of 2024. The funding will facilitate the completion of a sulphide treatment plant, enable open-pit stripping and relocate communities around Bibiani as well as support the development of underground mines, mobile equipment upgrades and resource expansion efforts at Chirano.<\/p>\n<p>The package will help transform Asante\u2019s balance sheet and strategy to increase gold production above 500,000 ounces per year by 2028, according to Dave Anthony, the company\u2019s President and CEO.<\/p>\n<div class=\"stream-item stream-item-in-post stream-item-inline-post aligncenter\"><span class=\"stream-title\">Advertisement<\/span><\/p>\n<div class=\"stream-item-size\" style=\"\">\n<div data-advadstrackid=\"5044\" data-advadstrackbid=\"1\" data-advadsredirect=\"1\" class=\"afric-target\" id=\"afric-1843120575\"><img data-lazyloaded=\"1\" fetchpriority=\"high\" decoding=\"async\" src=\"https:\/\/africanminingmarket.com\/wp-content\/uploads\/2019\/11\/suppliers_directory25_island.jpg\" alt=\"Suppliers Directory 2025\" srcset=\"https:\/\/africanminingmarket.com\/wp-content\/uploads\/2019\/11\/suppliers_directory25_island.jpg 468w, https:\/\/africanminingmarket.com\/wp-content\/uploads\/2019\/11\/suppliers_directory25_island-300x77.jpg 300w, https:\/\/africanminingmarket.com\/wp-content\/uploads\/2019\/11\/suppliers_directory25_island-240x62.jpg 240w\" data-sizes=\"(max-width: 468px) 100vw, 468px\" width=\"468\" height=\"120\"\/><img fetchpriority=\"high\" decoding=\"async\" src=\"https:\/\/africanminingmarket.com\/wp-content\/uploads\/2019\/11\/suppliers_directory25_island.jpg\" alt=\"Suppliers Directory 2025\" srcset=\"https:\/\/africanminingmarket.com\/wp-content\/uploads\/2019\/11\/suppliers_directory25_island.jpg 468w, https:\/\/africanminingmarket.com\/wp-content\/uploads\/2019\/11\/suppliers_directory25_island-300x77.jpg 300w, https:\/\/africanminingmarket.com\/wp-content\/uploads\/2019\/11\/suppliers_directory25_island-240x62.jpg 240w\" sizes=\"(max-width: 468px) 100vw, 468px\" width=\"468\" height=\"120\"\/><\/div>\n<\/div>\n<\/div>\n<p>A second financing round of US$200 million, scheduled for early 2025, will strengthen the company\u2019s working capital to further drive its growth strategy.<\/p>\n<p>\u201cWe look forward to welcoming our new Ghanaian and international financing partners, who recognize the unique opportunity we have to establish Bibiani-Chirano as Africa\u2019s next Tier One gold district, against the backdrop of a historic gold bull market,\u201d added Anthony.<\/p>\n<p>Asante is raising the funding with Canadian mining firm Kinross Refinancing, Ghanaian institutions and other investors.<\/p>\n<p>\n\t\t\t<input type=\"text\" id=\"short-post-url\" value=\"africanminingmarket.com\/?p=20300\" data-url=\"https:\/\/africanminingmarket.com\/?p=20300\"\/><br \/>\n\t\t\t<button type=\"button\" id=\"copy-post-url\" class=\"button\">Story URL<\/button><br \/>\n\t\t\t<span id=\"copy-post-url-msg\" style=\"display:none;\">URL Copied<\/span>\n\t\t<\/p>\n<\/p><\/div>\n<p><!-- .entry-content \/--><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Asante Gold Corporation has announced a US$525 million investment package to fund its growth plans and gold production facilities in Ghana. The investment will be deployed in two phases, starting with US$325 million aimed at advancing the Bibiani and Chirano Mines as from the end of 2024. The funding will facilitate the completion of a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":243883,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-243881","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Asante Gold announces US$525 million Ghana investment plan - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2024\/11\/01\/asante-gold-announces-us525-million-ghana-investment-plan\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Asante Gold announces US$525 million Ghana investment plan - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"Asante Gold Corporation has announced a US$525 million investment package to fund its growth plans and gold production facilities in Ghana. The investment will be deployed in two phases, starting with US$325 million aimed at advancing the Bibiani and Chirano Mines as from the end of 2024. 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